Describe Two Conditions Under Which Goals Are More Effective

question 35

Essay

Describe two conditions under which goals are more effective.

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Definitions:

Consolidation Process

The method of combining and presenting the financial data of a parent company and its subsidiaries as one entity's financial statements.

Consolidation Worksheet

A tool used in the preparation of consolidated financial statements that combines the financial information of a parent company and its subsidiaries.

Consolidated Financial Statements

Financial statements that present the financial position and operating results of a parent company and its subsidiaries as one entity.

Ledger Accounts

The individual records that summarize all the transactions related to a particular item over a period, forming part of the company’s financial statements.