In: Accounting
Please explain in your own words, the importance of Group to
have consolidated FS that consist of Balance Sheet, Profit &
Loss, Consolidated Equity & Retained Earnings, and Cash
Flow.
What is the advantage of having to consolidate instead of business
combinations only?
If you were an investor in a Group company, what kind of financial
highlights would you expect from a consolidated financial statement
that consists of the above (BS, P&L, Equity, and CF)? Please
give example.