Consolidation Services
Consolidated financial statements is one of the powerful set of financial information which reveal groups performance.
Consolidated financial statements are an essential part of the accounting process for group companies. This key information provides perspective on the entire business, something that is often lost when looking only at figures for the parent or a single subsidiary.
We at KMC uses one of the best consolidation tool to prepare consolidated financial statements. We focus on providing time effective end to end consolidation services
Scope of consolidation process involves.
1. Devising a Chart of accounts for the consolidation process.
2. Aliening the Consol chart of accounts to a standalone chart of accounts.
3. Capturing financial information of standalone entities in line with the requirement of consolidation.
4. Interparty elimination.
5. Investment elimination.
6. Presenting consolidated financial statements including notes to accounts.
To date, we have offered our consolidation services to the following industries.
1. Infra Company with International presence and involving more than 40 companies.
2. FMCG Company with an international presence and involving more than 45 companies.
3. Construction conglomerate involving more than 400 companies.
4. Quarterly consolidation of Indian Listed entity with more than 8 subsidiaries.
At KMC, we have more than 10 years of experience in this field.