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Group consolidation

Group consolidation

The consolidation process poses several challenges, particularly due to the varying reporting formats and methods employed by different group entities. Our consolidation solutions ensure a seamless process, comparable to regular financial reporting. We deliver high-quality professional services to produce a well-structured set of consolidated financial statements.

When Are Our
Group Consolidation
Services Needed?

When an acquisition necessitates the preparation of consolidated financial statements.
When consolidating financial statements involves multiple GAAPs across different geographies.
When companies lack a standard structure for preparing individual reporting templates in a uniform format.
When there is no defined process for intercompany reconciliation.
When various group companies use non-standard charts of accounts.
When the volume of intercompany transactions is significant, and matching or reconciling these transactions is essential.
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What Do We Deliver?

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Standard reporting templates for all group companies. Aligned chart of accounts (CoA). Professionally prepared consolidated financial statements with a complete audit trail. We also develop a customized automated consolidation tool with the following key features

Designed in Microsoft Excel, incorporating extensive programming and macros for ease of use and flexibility.
Uses the trial balance of individual units or entities as the starting point to produce consolidated financial statements for the group.
Supports multiple levels of consolidation and generates financial statements at each level.
Scalable to multiple group levels, foreign currencies, and GAAPs.
Automates the matching of inter-company transactions and balances.
Automates complex calculations, such as minority interest and foreign currency translation.
Consistently maps trial balances based on a predefined chart of accounts, enabling entities to manage CoAs from multiple ERP platforms
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GET IN TOUCH WITH

CA. Ashish Asthana

SENIOR PARTNER

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