Breathtaking Group Financial Consolidation

IAS 27 outlines the circumstances in which a group is required to prepare consolidated financial statements.

Group financial consolidation. Completely automated procedure across all consolidation steps and group structures of any depth. Illustration 1 The illustration shows how a parent company has control over a subsidiary. Requirements for consolidated financial statements.

Financial Statement of Group of Companies Consolidated Consolidated financial statements of group of companies means that financial statements which shows all the financial result and positions of both parent company and its subsidiary companies. Financial consolidation software improves the audit trail of your organization through intercompany matching and eliminations defines control groups between main accounts defines legal entities converts currencies and interest rates and generates financial reports. Reliable representation of simultaneous and step consolidation.

SPH went to tender to find a financial consolidation tool that would help its finance team manage the groups consolidation activities. Our consolidation software is sure to be the right tool for you thanks to all the functions it offers which include. Group consolidation is the merging of two or more business entities.

As a support function of Advanced Accounting and Financial Close within Finance Scope Item Group. Illustration 1 shows an example of a typical group structure. Support inter- and intra-segment elimination with innovative reporting functionality.

Suppose A is holding company. The Group Consolidation Manager should have the professionalism and experience to act as a trusted senior manager at a time of change and further expansion in the organisation. The Group Consolidation Manager will be instrumental in improving the quality of the Groups consolidated financial reporting.

This avoids group accounts showing misleadingly high levels of activity or assets. Everything you need for effective financial consolidation Automate the multi-level consolidation of complex group structures and support Statutory Management and Segment reporting in a single solution Currency conversation with calculation of Conversion Reserve Intercompany eliminations of CreditsDebits and ExpensesRevenues. Internal transactions arent normally relevant information for the external users of group accounts.