The major differences between consolidate balance sheet and balance sheet are as follows −
In case of subsidiaries companies, assets and liabilities are not mentioned separately.
It is difficult to prepare.
It reflects financial position of a firm and its subsidiary.
Assets (parent + subsidiary) = liabilities (parent + subsidiary) + shareholders’ equity+ minority interest.
It takes lot of time to prepare.
It is prepared by only companies holding shares in another company.
In case of subsidiaries, assets and liabilities are mentioned separately.
It is easy to prepare.
It shows financial position of a firm to stakeholders.
Assets = liabilities + shareholders’ equity.
It takes less time to prepare.
It is prepared by all companies.