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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Full Definition of Consolidation



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Consolidation FAQ's



Cite Term


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Page URL
https://payrollheaven.com/define/consolidation/
Modern Language Association (MLA):
Consolidation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 17, 2019 https://payrollheaven.com/define/consolidation/.
Chicago Manual of Style (CMS):
Consolidation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/consolidation/ (accessed: September 17, 2019).
American Psychological Association (APA):
Consolidation. PayrollHeaven.com. Retrieved September 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/consolidation/

Definition Sources


Definitions for Consolidation are sourced/syndicated from:


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