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Financial Reporting & Consolidation
Financial Reporting & Consolidation
Financial reporting and group consolidation
Reporting gets difficult when there is more than one of something — more than one entity, more than one currency, more than one accounting framework, more than one deadline. A group with six entities and a foreign parent is doing a genuinely complex piece of work every quarter, usually with people who are also doing everything else.
We take on the preparation: statutory financial statements, the consolidation, the group pack in the parent’s format, and the schedules the auditor will ask for.
What’s included
1. Statutory financial statements in Schedule III format, with notes and all supporting schedules
2. Consolidated financial statements — subsidiaries, associates, joint ventures
3. Eliminations, goodwill and non-controlling interest computation
4. Foreign currency translation and the translation reserve
5. Group reporting packs in the parent’s template, chart of accounts and GAAP
6. Ind AS / IFRS / US GAAP conversion support, with a documented GAAP difference bridge
7. Technical accounting positions and memos: revenue recognition (Ind AS 115), leases (Ind AS 116), financial instruments (Ind AS 109), share-based payment (Ind AS 102), impairment
8. Segment reporting, related party disclosures, EPS computation
9. Cash flow statement preparation
10. Audit support: lead schedules, sample selections, PBC list management, query responses
11. XBRL tagging and filing support
Who This Is For
Multi-entity groups, companies moving to Ind AS, Indian subsidiaries reporting into a foreign parent, and companies whose audit consistently takes longer than it should.
