Financial Consolidation

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Anonymous Member
(Consulting CFO)
We are selling a 100% owned subsidiary (sale of 100% of the stock). What tax and financial reporting implications are there? I assume we need to report operating results in our...
Anonymous Member
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....
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Leena Mansharamani
Title: Corporate Controller
Company: Deeya Energy
(Corporate Controller at Deeya Energy)
We are a small late stage start up company about 6 months from commercializing our product. We are currently using quickbooks to maintain our books and records. we currently have 1...
Anonymous Member
(Finance Director)
We are an international start-up and funding was obtained by the parent company. In order to finance the trading subsidiary, would it be best to transfer the funds from the parent...
Anonymous Member
(Financial Manager)
Hello there, In a case where we have: - Parent Company, with tasks such as research and development, finance, strategy and management, (which costs are non clearly allocable to...
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Al Sheybani
Title: Dir of Finance
Company: Psyop
(Dir of Finance at Psyop)
Where can I find a free PDF guide that has a checklist of questions in light of procuring a financial consolidation and budgeting software? We are trying to procure a new consolidation...
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Shahbaz Hussain
Title: Manager Finance & Admin
Company: Knowledge Platform
(Manager Finance & Admin at Knowledge Platform)
I need help with a specific problem. We have 100% wholly owned subsidiary providing software services to only our company (holding company). We have incorporated payments to...
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Barbara Petracca
Title: Chief Baking Officer
Company: Magnolia bakery
(Chief Baking Officer at Magnolia bakery)
We have units in the US and in 7 different countries using different POS systems. We are searching for a program that will allow us to consolidate the reporting for sales, product mix...
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Bob Fullington
Title: Exec VP, Chief Strategy & Technology Off..
Company: Fortegra Financial
(Exec VP, Chief Strategy & Technology Off.. at Fortegra Financial)
What are the top consolidation software applications?  We currently are using NAV and have other transaction based systems?
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Carolyn Winder
Title: Accountant
Company: Red Wolf Company
LinkedIn Profile
(Accountant at Red Wolf Company)
Whether cash basis or accrual basis, is it ever acceptable to wait until the bank statement arrives to BEGIN reconciling cash?? Secondly, if multiple checking accounts exist (with only...
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Title: Accounting Consultant
Company: Self Employed
(Accounting Consultant at Self Employed)
I am the Controller for a start up US parent software development company that has a wholly owned India sub. The India sub incurs expenses, like consultant fees, in India, but the...
Anonymous Member
(Finance Director)
I am reviewing year end entries from last year. There is an audit adjustment between a foreign sub in Euro and the US parent for the intercompany accounts, a note payable and the...
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George Gacungu
Title: Finance Manager
(Finance Manager at KAPI LIMITED)
I am managing two sister companies.At the moment one company bills the other for monthly Administration expenses. For example: One company manages the accounting department of the...
Anonymous Member
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Lynn Koll
Title: Accounting
Company: Live Better Brands
(Accounting at Live Better Brands)
We are in the USA and acquired a canadian subsidiary. The canadian company is using Premier 2014 and we have access to their books via the Internet cloud. Our main US company is using...
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Matt Shore
Title: Vice President, Product Strategy
Company: Adaptive Insights
(Vice President, Product Strategy at Adaptive Insights)
I've spent some time recently looking at the implementations of a few different driver based forecasting and budgeting tools (mostly Hyperion Planning and a couple SAP BPC.) While...
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Dave Kasabian
Title: SVP Product Marketing and Strategy
Company: Tagetik
(SVP Product Marketing and Strategy at Tagetik)
There is no bigger buzzword than Cloud these days but what does it mean to the finance organization? In both the Gartner Magic Quadrant for CPM Suites and the ...
Anonymous Member
If two companies merge, would you put the consolidation costs (approx the same as merger costs) as a separate line item as part of operating income? Maybe: operating income before...
Anonymous Member
We are a $70M public company and Im researching for financial reporting consolidation software and am looking for some guidance in this process. Id like to know what are the solutions...
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Peri Pierone
Title: Vice President Mergers
Company: Corum Group Ltd.
(Vice President Mergers at Corum Group Ltd.)
In my last blog post I delved into top four performance management initiatives identified by finance professionals today based upon our survey research conducted earlier this year. We...