Financial Consolidation
The combination of the assets, equity, liabilities, and operating accounts of a company and its subsidiaries and eliminating all inter-company accounting entries to deliver financial statements that demonstrate the financial information for the company as a single reporting entity.
Companies that have multiple subsidiaries, business units, or overseas operations face the challenges associated with producing accurate and timely consolidated financial statements.
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(Event Questions at Proformative)
This Cloud Accounting Consolidation Clean-Up & Conversion Process question was asked by an attendee during the Proformative webinar "Financial Consolidations and Reporting: The Alignment of People and Technology" held on May 9, 2013. Join the discussion and...
This Cloud Accounting Consolidation Clean-Up & Conversion Process question was asked by an attendee during the Proformative webinar "Financial Consolidations and Reporting: The Alignment of People and Technology" held on May 9, 2013. Join the discussion and...
(Senior Accounts Executive at CBSA Berhad)
Recently, I am in charge for preparation of consolidation accounts with other companies which using different currencies. How do I record the translation differences? Is it same treatment as Trade Receivables - unrealised gain/loss? Can anyone help?
Recently, I am in charge for preparation of consolidation accounts with other companies which using different currencies. How do I record the translation differences? Is it same treatment as Trade Receivables - unrealised gain/loss? Can anyone help?
Anonymous
(Manager)
Any time-saving tips for simplifying the consolidated financial statements reporting process? In terms of just the software piece of it, I feel like we’ve outgrown QuickBooks. Our holding company is mainly in the construction business.
(Controller at Portlandia Restaurant Group)
My company has a small accounting team that is stressed at the end of every close cycle. If you could recommend one part of the close to automate what would give us the biggest bang for the buck? E.g., automated accrual reversals, automating feeds from consolidating systems...
My company has a small accounting team that is stressed at the end of every close cycle. If you could recommend one part of the close to automate what would give us the biggest bang for the buck? E.g., automated accrual reversals, automating feeds from consolidating systems...
(Events Manager at Proformative)
This presentation focuses on best practices in aligning internal resources, building processes that facilitate cooperation with internal and external auditors, and current and emerging trends in the technology available to ease the enormous challenges posed in...
This presentation focuses on best practices in aligning internal resources, building processes that facilitate cooperation with internal and external auditors, and current and emerging trends in the technology available to ease the enormous challenges posed in...
Anonymous
(Accounting Manager)
(Events Manager at Proformative)
(Consultant at Maven Strategic Solutions)
(Event Resources at Proformative)
This video is from the Proformative webinar "Financial Consolidations, Planning & Reporting: Managing Growth Across Your Company" held on June 23, 2011. The webinar features presentations from Kelly Battles, CFO, Host Analytics and Mini Peiris, Vice President...
This video is from the Proformative webinar "Financial Consolidations, Planning & Reporting: Managing Growth Across Your Company" held on June 23, 2011. The webinar features presentations from Kelly Battles, CFO, Host Analytics and Mini Peiris, Vice President...
Anonymous
(Executive Vice President and Chief Finan..)
My company is public and we are looking at making a minority investment (15%) in a private company at an arm's length valuation. We also want to enter into a sales agency agreement with the company that will give us some exclusive territorial rights to the company's main/...
