Consolidating special purposes entities
I’ll do it on a case study, with explaining what I do and why.If you don’t like reading, you can skip to the end of this article and watch my video.
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Let’s be more practical today and learn some advanced accounting techniques.
After summaries of standards related to consolidation and group accounts, I’d like to show you how to prepare consolidated financial statements .
In finance, the process includes importing data, mapping general ledgers to a single chart of accounts, normalizing the consolidated data and producing reports called consolidated financial statements.
How often the finance department performs financial consolidation varies from company to company, often hinging on regulatory requirements.