group accounts
[/ɡruːp əˈkaʊnts/]
nounpl: group accounts
contas consolidadas
1. Financial statements that combine the accounts of a parent company and its subsidiaries or affiliated companies into a single set of consolidated financial statements
The group accounts showed a significant increase in revenue across all divisions.
As contas consolidadas mostraram um aumento significativo de receita em todas as divisões.
2. Collective financial records maintained by an organization for multiple related entities or branches
The multinational corporation's group accounts reflect the performance of over 50 subsidiaries worldwide.
As contas consolidadas da corporação multinacional refletem o desempenho de mais de 50 subsidiárias em todo o mundo.
This is a technical accounting term commonly used in corporate finance and auditing. In Brazil, public companies and large corporations are required to present contas consolidadas (group accounts) in their annual reports according to IFRS (International Financial Reporting Standards). The term is particularly important in multinational corporations and groups with multiple subsidiaries, where consolidated reporting is mandatory for regulatory compliance and shareholder transparency.
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