group accounts
When a Project Goes Wrong: Accounting for Onerous Contracts Across a Construction Group
The group board had known for two quarters that the commercial fit-out contract in Birmingham was in trouble. Materials costs…
The Revenue That Disappears at Consolidation: Eliminating Management Fees and Royalties in a Manufacturing Group
The group financial controller was reviewing the draft consolidation when she noticed that Group Holdings Ltd was showing £420,000 of…
Intercompany Eliminations When There Is a Non-Controlling Interest: Upstream, Downstream, and Lateral Sales
When every subsidiary in a group is wholly owned, intercompany eliminations are mechanically straightforward: the full profit on any intragroup…
A Practical Cross-GAAP Consolidation Method: Identify Differences, Post Conversion Journals, and Document Review
When every subsidiary in a group uses the same accounting framework as the parent, the consolidation workbook has one layer…
Selling a Machine to Your Own Subsidiary: Why the Disposal Gain Is Fictional and What to Do With It
When a manufacturing group restructures its production capacity, it is common for assets to move between entities. A pressing machine…
Intragroup PPE Construction: Why Your Consolidated Balance Sheet Is Overstating Fixed Assets — and How to Fix It
The group financial controller at a family-owned logistics and construction business had been running the consolidation for three years before…
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…
The Profit That Isn’t There: Eliminating Unrealised Intercompany Margins in a Manufacturing Group
It was the kind of discrepancy that looks small until you trace it back. The group finance manager at a…
How to Prepare a Consolidation Adjustment Schedule
Patrick had been running the group consolidation for two years when the audit firm changed. The outgoing team had known…
Intercompany Eliminations: A Complete Guide for Group Consolidation
When a parent company sells goods to its subsidiary, both sides of that transaction end up in the accounting records.…