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Consolidating company accounting functions

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This gives the Group FD one clear, consistent view the whole way through the Group accounts – right down to the lowest level subsidiary transaction.

Once set up, you can consolidate monthly reports in just one click.

▼ See maintenance support Click here for more details We provide services to reduce our clients' workload and cost by corresponding to all operation including non-consolidated accounting, consolidated accounting, and disclosure.

One of the challenges Groups face is consolidating monthly accounts.

Some large businesses organise themselves as a single company.

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This comes with risk of error, the headache of out of date information and the frustrations of not being able to investigate the data at subsidiary level from the consolidated report.Meaning and definition of Consolidated Financial Statements Consolidated financial statements refer to the financial statements which lead to the subsidiaries of the holding company its summative accounting figure.Putting another way, consolidated financial statements can be addressed as the combined financial statements of a parent company and its subsidiaries.A consolidated financial statement should essentially provide true and fair picture of financial condition and operating result of the business faction. A consolidated financial statement needs to be prepared on the basis of legal-entity based financial statements of the parent company and its subsidiaries which belong to the business faction, and prepared in accordance with the GAAP. A consolidated financial statement needs provide a clear vision about the financial info requisite for interested parties not to mislead their judgments about the business groups’ condition. The procedures and policies used for preparing consolidated financial statements need to be applied ad infinitum and should not be changed without any reason. Checklist for preparation of consolidated financial statements 1. So we need to be able to fully understand group accounts.