It can be difficult to manage consolidations in a spreadsheet.
You must account for foreign currency translations, the elimination of intercompany transactions and balances, adjusting journal entries, partial ownerships, as well as specific reporting rules and regulations.
Without a dedicated platform to manage this process, it can be challenging to deliver deep and accurate insights on the organisation’s financial health.
Empower your team to streamline reporting, manage audits, and support growth with our Strategic CFO’s Guide to Consolidations.
The guide shares how to elevate your approach to consolidations and streamline your processes to create strategic value. Get the tips on how to prepare your consolidation package, including:
- Determining the scope
- The structure to follow for your subsidiaries and divisions
- The five types of content to include
- The proper way to make standardisation adjustments
- How automation can save you time and effort
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