This chapter aims to illustrate consolidated financial reporting according to IPSAS by applying consolidation methods. Public sector combinations according to IPSAS are introduced. The process of consolidated financial reporting is explained by illustrating full consolidation comprising of the four different procedures of consolidation and the application of the equity method. The relevant steps are illustrated by short case examples. This IPSAS-focused chapter informs about when consolidated financial statements must be prepared, which entities must be included and by which methods, how to set up the accounting records for consolidation and relevant consolidation procedures.