What is difference between balance sheet and consolidated ba

A balance sheet summarizes an organization or individual's assets, equity and liabilities at a specific point in time. Individuals and small businesses tend to have simple balance sheets. Larger businesses tend to have more complex balance sheets, and these are presented in the organization's annual report. Large businesses also may prepare balance sheets for segments of their businesses.A balance sheet often compares two balance sheets for a single organization.

Guidelines for corporate balance sheets are given by the International Accounting Standards Committee and numerous country-specific organizations.

Balance sheet account names and usage depend on the organization's country and the type of organization. Government organizations do not generally follow standards established for individuals or businesses.


If applicable to the business, summary values for the following items should be included on the balance sheet:

Assets
Long-term assets

property, plant and equipment
investment property, such as real estate held for investment purposes
intangible assets
financial assets (excluding investments accounted for using the equity method, accounts receivables, and cash and cash equivalents)
investments accounted for using the equity method
biological assets
Current assets

inventories
accounts receivable
cash and cash equivalents
Liabilities

accounts payable
provisions for warranties or court decisions
financial liabilities (excluding provisions and accounts payable), such as promissory notes and corporate bonds
liabilities and assets for current tax
deferred tax liabilities and deferred tax assets
minority interest in equity
issued capital and reserves attributable to equity holders of the parent company
Equity

numbers of shares authorised, issued and fully paid, and issued but not fully paid
par value of shares
reconciliation of shares outstanding at the beginning and the end of the period
description of rights, preferences, and restrictions of shares
treasury shares, including shares held by subsidiaries and associates
shares reserved for issuance under options and contracts
a description of the nature and purpose of each reserve within owners' equity
The following balance sheet structure is just an example. It does not show all possible kinds of assets, equity and liabilities, but it shows the most usual ones. Because it shows Goodwill it could be a consolidated balance sheet. Monetary values are not shown, summary (total) rows are missing as well.






Consolidated financial statements are financial statements that factors the holding company's subsidiaries into its aggregated accounting figure. It is a representation of how the holding company is doing, as a group. The consolidated accounts should provide a true and fair view of the financial and operating conditions of the group.






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Balance Sheet - One of the financial report, it consists the all assets, liabilities and capital for the compnay itself only.

Consolidated Balance Sheet - It is a balance sheet for the whole group compnay (that's means with its subsidaries.