CONSOLIDATION MANUAL
TO ENHANCE THE RELIABILITY OF YOUR CONSOLIDATION PROCESS
A consolidation manual connects the consolidation team at head office with the subsidiaries. It’s an indispensable communication aide which provides many benefits:
- As a communication tool, it facilitates the integration of new entities in the group
- It unifies and standardises data uploads to ensure better-quality information
- It creates a common language: it defines all financial concepts, accounting ratios, etc. used by the group (which may have different names depending on local standards or the country).
- It defines the roles and responsibilities of each person in the consolidation process: who is responsible for forwarding information in each entity? Who validates it? What is the scope of activity of the parent company’s consolidation department?
- It details the consolidation schedule: deadline for intercompany reconciliation, deadline to forward subsidiary information, audit periods, etc.
- It secures processes, even during the prolonged absence or departure of key personnel
CALL OUR EXPERIENCED CONSULTANTS AND OBTAIN THE CONSOLIDATION MANUAL THAT MATCHES YOUR GROUP NEEDS
Fast close project implementation
- Implementation of a new consolidation tool: you want to ensure that everyone masters it quickly
- Implementation of new procedures: you want to inform all involved of changes quickly and efficiently
- Changes in GaaP or the group’s chart of accounts
- You want to include new entities in the process
- You want to facilitate the integration of new employees
- You’re facing an increase in internal or external reporting requirements: requests from management, market authorities, etc.
IFRS MIGRATION
MIGRATION OF CONSOLIDATED ACCOUNTS TO IFRS STANDARDS
Upcoming initial public offering, request from your shareholders and investors: your group is planning to move to IFRS standards in the near future. This is a complex project which may require the re-consolidation of several of your group’s scopes, consolidation using several GaaP, etc.
We reconsolidate your accounts under IFRS standards, help you produce the account notes requested and prepare the annual report.
ADVANCED EXPERTISE ON DEMAND
Contact our experts with your questions. Our areas of expertise include:
- Preparing initial public offerings
- Special consolidation cases: deconsolidation, mergers/absorptions, consolidation currency changes, golden shares, dilutions, changes in holdings, consortia, etc.
- Consolidation of subgroups, simulations, consolidations by business unit, business sector, geographical area, etc.
- Business or sub-group valuation
OUR APPROACH
Our expert consultant will discuss your needs with you, provide specifications and a schedule and carry out your mission on this basis.
PROCESS OPTIMISATION
OPTIMISATION AND CORPORATE PERFORMANCE MANAGEMENT
Implementing financial performance management in a group requires defining a methodology, implementing processes and setting key indicators to measure effectiveness. The quality of initial data is fundamental to the success of the process. It is therefore essential that the consolidated data is accurate and provides a true picture of the group.
SIGMA CONSO’S AREAS OF EXPERTISE INCLUDE
Consolidation and reporting department organisation to have the right skills in the right place
Consolidation and reporting process optimisation: to obtain reliable financial data as quickly as possible
Development and implementation of reconciliation procedures for intercompany accounts: this step is crucial for all fast close projects. It saves precious days during the closing period and also improves the quality of accounting information
The building of interfaces with accounting and ERP systems to optimise and secure information flows
The redefinition of consolidation, reporting and budget needs: your group is changing as are the expectations of your shareholders and investors. We help you meet them and strengthen your role as a business partner.
