Accounting consolidating financial statements

Kemira’s vision is to be a leading water chemicals company. The parent company is domiciled in Helsinki, Finland, and its registered address is Porkkalankatu 3, FI-00180 Helsinki, Finland.The parent company is listed on NASDAQ OMX Helsinki.

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Admittedly, an application such as Microsoft Excel, which took the business world by storm, is a lot more powerful today than its earlier versions.

These reports typically include a balance sheet, income statement, statement of cash flow and a shareholder equity report.

Taken together, these statements show how well the business is doing and offer a general overview of the money that is coming in and going out of the business.

Financial reporting is much more complex for individuals and companies that hold a majority stake in more than one business.

Not only must individual financial statements be prepared but the Financial Accounting Standards Board also requires the reporting of consolidated financial statements at regular intervals as well.The Group’s main clients are industries that use a lot of water.

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