Like when all the bankrupt countries of the world get together and decry, "We can't pay our bills!" That's a combined statement.
Ok ok. It's really a simplified look at your banking activity. A bank can provide a combined statement of all your financial transactions...all deposits, all withdrawals, all checks received or sent, any interest earned, etc.
The combined statement includes all accounts. For individuals, this might consist of a checking and a savings account. It can also include things like mortgage details or retirement savings accounts, if those are processed through the same bank.
Companies tend to have a more complicated network of accounts than individuals. They use these for various activities (payroll, checking, credit card receivables, etc.). The combined statement is very useful in these cases, providing a consolidated view of financial transactions, useful for producing P/L statements or for preparing taxes.
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Finance: What is a Consolidated Balance ...3 Views
Finance a la shmoop what is a consolidated balance sheet? okay people
this is a tale of two balance sheets it was the best of times right here and all [Lemonade stand balance sheet appears]
that cash no debt,, yeah and it was the worst of times and pretty much the
opposite and then one magical mergy day the two companies possessing these
two divergent balance sheets decided to you know merge it was a lovely ceremony [Bride and groom holding hands]
the bride wore white the groom stepped on the glass so then the balance sheets
were consolidated that is they were merged or combined or fully brought
together liabilities plus liabilities assets plus assets so the few dollars in
cash here in the worst of times balance sheet
well that was tacked on to the cash in the best of times balance sheet and the
same happened with long term liabilities and short and eventually after the
wedding night was you know consummated these two balance sheets had merged and [Man and girl standing by their lemonade stands]
consolidated and looked like this and that's what happens when companies merge
everything including their balance sheets consolidate let's hope they
generate lots of tiny cash flows and credits in the future....Mazel Tov