Hi,
legal Consolidation is financial process for public companies are required under law to consolidate their accounts of their entire operations across globe to present a single view of their business.
In simple terms, legal consol is a process where all the operations are consolidated under the parent entity by looking at its economic interest in its daughter companies. The parent company has an ecomonic interest in the profits of its subsidiary companies as a result of its investment in them. so you consolidate against pre-determined rules.
Thanks,
Sreeni
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