Consolidated accounts are accounts drawn up to reflect the affairs of a group of entities. For example, a ministry or holding company with many different operating agencies or subsidiary companies may prepare consolidated accounts reflecting the affairs of the organisation as a whole, as well as accounts for each operating agency/subsidiary.
Accounts for each of the operating agencies, subsidiaries etc. making up a group are called non-consolidated accounts.
In national accounts, ESA 2010 specifies the differing analytical uses of consolidated and unconsolidated data. Within financial sector accounts, typically consolidated as well as unconsolidated data is reported. In non-financial accounts for general government (GFS), the following transactions are consolidated within subsectors and within general government: property income, other current transfers and capital transfers.