Integrated accounting systems for holding groups
Groups of subsidiaries needing consolidated statements.
Context
Groups of subsidiaries needing consolidated statements.
Scope
Accounting system design across subsidiaries and holding companies.
Approach
Harmonised structures to support consolidation.
Outcome
Easier preparation of consolidated statements.
Skills applied
Consolidation · System design
How this kind of work is done
- Document current processes and the reports management relies on.
- Design the chart of accounts, approval flows and controls in the new system.
- Migrate opening balances and run both systems in parallel for a period.
- Train users and hand over a monthly close checklist.
What a similar business can take from it
The same approach applies to companies facing a comparable question: start from the decision the numbers must support, make the records reliable, and keep the result simple enough for management to use every month.
Easier preparation of consolidated statements.
Facing a similar challenge?
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