Define: Consolidation

UK Accounting Glossary

Definition: Consolidation


Quick Summary of Consolidation


Consolidation is a process that aggregates the total assets, liabilities and results of the parent and its subsidiaries (the group) in the consolidated financial statements.



What is the dictionary definition of Consolidation?

Dictionary Definition


  1. The act or process of consolidating, making firm, or uniting; the state of being consolidated; solidification; combination.
  2. The combination of several actions into one.
  3. medicine A solidification into a firm dense mass. It is usually applied to induration (swelling or hardening of normally soft tissue) of a normally aerated lung.

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Synonyms For Consolidation


combination, strengthening, integration, consolidate, consolidated


Cite Term


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https://payrollheaven.com/define/consolidation/
Modern Language Association (MLA):
Consolidation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 28, 2020 https://payrollheaven.com/define/consolidation/.
Chicago Manual of Style (CMS):
Consolidation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/consolidation/ (accessed: February 28, 2020).
American Psychological Association (APA):
Consolidation. PayrollHeaven.com. Retrieved February 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/consolidation/

Definition Sources


Definitions for Consolidation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.