Consolidated financial statements are the financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity. Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they let you gauge the overall health of an entire group of companies as opposed to one company’s financial position. In this context, this scientific paper is dedicated to some features of elaboration and analysis of financial consolidated statements. There are presented several methods of elaboration of consolidated financial statements: the acquisition method stipulated in IFRS 10 ,,Consolidated Financial Statements” and the equity method covered under IAS 28 ,,Investments in Associates and Joint Ventures” and IFRS 11 ,,Joint Arrangements”.