# Consolidated

> Consolidated — Presenting a parent and the entities it controls as one economic entity, with intercompany balances and transactions eliminated.

Source: https://lopifi.com/glossary/consolidated
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is consolidated?** In accounting, consolidated means presenting a parent and the entities it controls as one economic entity, with intercompany balances and transactions eliminated.

## Words this system refuses for it

- group alone

- **Category:** Statements
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** intercompany