WPP Group, headquartered in the United Kingdom, is one of the largest marketing and communication services firms in the world. It offers advertising, market research, public relations, and other marketing services through a worldwide network of offices. The firm employs over 65,000 individuals and is located in approximately 100 countries. WPP Group, as the parent company, operates through activities of its individual operating companies.
The financial statements of WPP Group for Year 10 and Year 11 appear in Exhibit 1.19 (balance sheet), Exhibit 1.20 (profit and loss account), and Exhibit 1.21 (cash flow statement). These financial statements reflect reporting formats, terminology, and accounting principles employed in the United Kingdom.
Required
Recast the consolidated balance sheet, consolidated profit and loss account, and the consolidated cash flow statement of WPP Group using reporting formats, terminology, and accounting principles customarily used in the United States.