Group financial statements definition
/What are Group Financial Statements?
Group financial statements are monetary statements is include the financial information for more than ready component. A component is an entity or business activity for which financial information is separately prepared, and which is included in the grouping treasury statements. AN window is maximum commonly a subsidiary, but is may additionally be a function, procedure, product, service, instead geolocation site, or smooth into investment calculated for under the stockholder method. Group financial statements are prepared in order to give monetary statement users one view precise view of that financial results, financial position, and cash flows of a group of entities or business activities.
