CTA
Foreign Exchange Effects in the Consolidated Cash Flow Statement
Marcus had spent most of Friday completing the consolidated cash flow statement. Operating activities, investing activities, financing activities — all…
Consolidated Cash Flow Statement: Indirect Method Step by Step
Rachel had prepared the indirect method cash flow statement for each of her group’s four entities without difficulty. Start with…
AASB 121 Foreign Currency Translation: A Practical Guide for Australian Multi-Entity Groups
When the auditors reviewed the consolidated accounts of an Australian technology services group, they raised a flag on the New…
NCI, CTA, and JV/Associate Reports: Audit-Ready Consolidation Workings Now Built Into BrizoConsol
Audit season for group accounts has a predictable shape. The auditors ask for the consolidation workpapers. The group controller produces…
Why Doesn’t My Consolidated Balance Sheet Balance?
Nadia had been staring at the same number for forty minutes. Total assets: £8,432,000. Total liabilities plus equity: £8,085,000. The…
Why Does My CTA Not Reconcile?
Anna had followed the three-rate rule correctly. P&L at the average rate, balance sheet at the closing rate. She had…
How to Prepare Consolidated Financial Statements for a Group With Multiple Currencies
Yusuf had read the rules. P&L at the average rate. Balance sheet at the closing rate. The difference goes to…
MYOB Advanced for Multi-Entity Groups: Limitations and What Finance Teams Use Instead
Priya had been the group financial controller at a mid-sized Australian services business for three years. The group had grown…
Goodwill on a Foreign Subsidiary: Why It Must Be Retranslated Every Period — and the CTA You Are Probably Not Recording
Rachel is the group financial controller of Nexus Group, a UK-based business that acquired a German subsidiary, Nexus GmbH, eighteen…
Three Consolidation Problems That Only Exist When Your Factory Is in a Different Currency
The finance director had consolidated the UK group’s two domestic subsidiaries without difficulty every quarter for years. When the board…