What Are Group Financial Statements?

Group financial statements

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Group financial statements refer to financial statements that include more than one component of financial information. Group financial statements also refer to financial statements that are compiled from financial information prepared by various components that do not have a parent company but are under the same control. ^[1] Financial statements. Group financial statements also refer to financial statements that are compiled from financial information prepared by various components that do not have a parent company but are under the same control.