Foreign subsidiaries translated automatically at the correct rates. CTA calculated and posted. Consolidated group financials in your reporting currency — without a single manual FX entry.
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FX rates change every month. The balance sheet uses the closing rate, the P&L uses the average rate, and the difference between the two creates a CTA that has to balance. In a spreadsheet, one wrong rate silently corrupts the entire consolidation.
P&L at average rate, balance sheet at closing rate. Maintaining both in a spreadsheet means two places where the wrong rate can silently enter — and the P&L and balance sheet will still appear to reconcile until an auditor looks closely.
The currency translation adjustment is the difference between translating opening net assets at the closing rate versus the rate used previously, plus the period movement effect. Calculating this manually for multiple entities each period is time-consuming and prone to error.
Different team members pull rates from different sources, at different times, using different rounding. One month uses end-of-day rates, another uses mid-market. The resulting inconsistency makes period comparisons unreliable.
BrizoConsol applies the correct rate to every line item and computes the CTA — the balancing figure posted to OCI. You enter the rates once per period; BrizoConsol handles everything else.
| Line Item | Rate Type | USD |
|---|---|---|
| Revenue | Average (0.6389) | $897K |
| Cost of Sales | Average (0.6389) | ($512K) |
| Net Assets | Closing (0.6412) | $1.22M |
| Equity (historical) | Historical | $1.24M |
| CTA (posted to OCI) | Auto | −$18,400 |
Enter closing and average rates for each period. BrizoConsol applies them to the correct line items — balance sheet at closing, P&L at average — across every foreign entity automatically.
The Currency Translation Adjustment is computed on every consolidation run and posted to OCI. The balance sheet balances without any manual CTA journal. Full audit trail per entity, per period.
When a foreign subsidiary is disposed of, accumulated CTA in OCI is recycled to P&L as part of the disposal gain or loss — as required under IFRS 10 and ASC 830. Calculated automatically.
Intercompany transactions between entities in different currencies are eliminated after translation. Exchange differences on intercompany balances are handled — no unmatched variances from FX.
Minority interest for foreign subsidiaries is calculated after CTA — so NCI figures are already in the group reporting currency. No separate currency adjustment needed for the NCI balance.
Translation methodology follows IAS 21 (IFRS/SFRS), ASC 830 (US GAAP), and FRS 102 (UK GAAP). The correct approach is applied per entity based on the standard assigned in BrizoConsol.
Set your group reporting currency once. Each foreign entity has its own functional currency. BrizoConsol handles all combinations — you're not limited to USD, GBP, or any particular base currency.
"We consolidated three entities across two currencies and had our first clean group P&L within a day of connecting. The eliminations just worked — no mapping, no fuss."Elvin Yung, CEO · GreenCycle Mobile
Foreign subsidiaries translated, CTA calculated, group financials produced — automatically, every period.
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