Millions of people invest
in securities of major companies listed on the stock exchange. All these people
receive consolidated financial statement regularly informing them of progress
of the companies in which they have invested.
in securities of major companies listed on the stock exchange. All these people
receive consolidated financial statement regularly informing them of progress
of the companies in which they have invested.
The shareholder, manager
and members of the board of directors of the holding company have the primary
interest in consolidated statements.
and members of the board of directors of the holding company have the primary
interest in consolidated statements.
Long – term creditors of
the parent company may find consolidated statements.
the parent company may find consolidated statements.
The managers and directors
are responsible for entire resources under their control and of managing
resources profitably. Similarly, shareholders of the holding company will
prosper as the consolidated entity prospers.
are responsible for entire resources under their control and of managing
resources profitably. Similarly, shareholders of the holding company will
prosper as the consolidated entity prospers.
Long – term creditors of
the parent company may find consolidated statement useful in assessing the
general strength or weaknesses of the economic entity.
the parent company may find consolidated statement useful in assessing the
general strength or weaknesses of the economic entity.