consolidated financial statements
AASB Accounting Standard Now Supported in BrizoConsol
For Australian group finance teams, the mismatch has been a persistent irritant. The software asks you to pick your accounting…
IFRS 10 Consolidated Financial Statements: A Practical Guide for Multi-Entity Groups
When a business owns shares in another company, the first question an accountant must answer is not how to record…
Non-Controlling Interest on the Balance Sheet and Income Statement: Where NCI Appears in Consolidated Financial Statements
Non-controlling interest appears in three places in a set of consolidated financial statements: in the equity section of the balance…
SFRS(I) 10 Consolidated Financial Statements: A Practical Guide for Singapore Groups
When Meridian Capital Group set up its fourth Singapore subsidiary in 2019, the group CFO made an assumption that seemed…
Financial Consolidation, Explained the Friendly Way
Financial consolidation has a reputation. Ask most accounting students or finance professionals about it and you will hear the same…
MYOB Consolidation: Group Financials MYOB Can’t Produce
You are the CFO of a group with four operating entities, all running MYOB. The quarter is ending. The board…
Intercompany Elimination Journal Entry Examples: A Practical Guide
Intercompany eliminations are the technical core of group consolidation. When one entity in a group sells goods to another, charges…
Financial Consolidation Software: What It Does and Why Your Group Needs It
Most finance leaders running a multi-entity group reach the same breaking point at roughly the same moment: when the spreadsheet…