Consolidation can be a complex process, where the financial dataof subsidiaries is merged into one consolidated financial statement for the Corporation.
This can involve various challenges depending on the size and structure of the organization. For example, this includes:
- Different accounting systems
- Currency conversion
- Complexity of the company structure
- Elimination of intercompany transactions
- Valuation of assets and liabilities
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Would you like to learn more about Financial Consolidation as a SaaS solution? Then watch the webinar video now: Webinar Financial Consolidation
