Briefly Outline the Steps Taken in Order That the Financial

question 6

Essay

Briefly outline the steps taken in order that the financial information about the group is presented as that of a single economic entity.

---

Definitions:

Receptive Mind-Set

An attitude or readiness to receive new ideas or information without prejudice.

Time

A constant, quantifiable value through which occurrences are sequenced from the past, through the present, and into the future.

Productivity

The effectiveness of productive effort, typically measured in terms of the rate of output per unit of input.

Efficiency

The ratio of useful output to total input, indicating how well resources are utilized to achieve a goal.