Consolidated accounting is a way of presenting the financial statements of several related companies as if they are one business. It involves combining the individual accounts of each company and creating a single accounting statement that reflects the combined performance of all entities. Consolidated accounting provides a more accurate picture of a group’s overall financial health, allowing shareholders to gain greater insight into the profitability and stability of their investments. This type of accounting also helps financial regulatory bodies protect investors by providing them with transparent and detailed information about the companies in which they have invested.