CTA
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…
Why Every Entity Hit Its Target — But Your Consolidated E-commerce P&L Is Down
David is the CFO of a four-entity e-commerce group that sells lifestyle products across the UK, US, EU, and Australia.…
Intercompany Eliminations in Multi-Currency Groups: How Foreign Exchange Affects Your Consolidation Adjustments
The finance director of a UK group with subsidiaries in Australia and Singapore described the problem with characteristic understatement: “The…
Why Your Consolidated Accounts Look Different Every Quarter (When the Accounting Is Correct)
The CFO’s question was direct: “Why does the goodwill figure keep moving?” James, the group financial controller, had the answer…
Goodwill in Group Consolidation: Calculation, Impairment, and Common Errors
Of all the numbers that appear on a consolidated balance sheet, goodwill is typically the one that generates the most…
Zoho Books Multi-Currency Consolidation: How Groups with Foreign Subsidiaries Produce Accurate Group Accounts
Priya is Group Finance Manager at a business services group headquartered in the UK. The parent runs on Zoho Books.…
Xero Multi-Currency Consolidation: How Groups with Foreign Subsidiaries Produce Accurate Group Accounts
Mark is CFO of a professional services group based in the UK. The parent company runs on Xero. Two years…
QuickBooks Multi-Currency Consolidation: How Groups with Foreign Subsidiaries Produce Accurate Group Accounts
Running subsidiaries in multiple countries is one of the most reliable signs that a business is growing in the right…
MYOB Multi-Currency Consolidation: How Groups with Foreign Subsidiaries Produce Accurate Group Accounts
The CFO of a Perth-based services group recently described their month-end process to us: three MYOB files, three currencies, and…