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FINANCIAL REPORTING & CONSOLIDATION

Financial Reporting And Group Consolidation

Reporting gets difficult when there is more than one of something - more than one entity, more than one currency, more than one accounting framework, more than one deadline. A group with six entities and a foreign parent is doing a genuinely complex piece of work every quarter, usually with people who are also doing everything else.

We take on the preparation: Statutory financial statements, the consolidation, the group pack in the parent's format, and the schedules the auditor will ask for.

What's included

Statutory financial statements in Schedule III format, with notes and all supporting schedules
Consolidated financial statements - Susidiaries, associates, joint ventures
Eliminations, goodwill and non-controlling interest computation
Foreign currency translation and the translation reserve
Group reporting packs in the parent's template, chart of accounts and GAAP
Ind AS / IFRS / US GAAP conversion support, with a documented GAAP difference bridge
Technical accounting positions and memos: Revenue recognition (Ind AS 115), leases (Ind AS 116), financial instruments (Ind AS 109), share-based payment (Ind AS 102), impairment
Segment reporting, related party disclosures, EPS computation
Cash flow statement preparation
Audit support: Lead schedules, sample selections, PBC list management, query responses
XBRL tagging and filing support

Who This Is For

Multi-entity groups, companies moving to Ind AS, Indian subsidiaries reporting into a foreign parent, and companies whose audit consistently takes longer than it should.

Build Your Finance Function

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Disclaimer:MBSK & Co. Shared Services Private Limited is not a firm of Chartered Accountants and does not provide statutory audit, assurance, attestation or certification services, or any service reserved under the Chartered Accountants Act, 1949. Information on this website is general in nature and is not professional advice.