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This video tutorial aims to help accounting students understand how to consolidate financial statements, a crucial skill for exams and professional development. The demonstration focuses on basic consolidation procedures, presented by Silvia, the founder of IFRS box. The case study discussed involves Mommy Corporation owning 80% shares of Baby Limited, illustrating the process of consolidation. For more detailed explanations and examples, viewers are encouraged to explore the resources available on IFRS box website.