This is about preparing financial consolidation in accounting. Haven’t done it before? No problem. It’s not that difficult as you think it is. Yet there are some general rules to keep in mind. Here are some basic tips and rules for the beginner.
Mastering the art of consolidated financial statements
- When considering financial planning and consolidation, there is a choice between using spreadsheets or financial software. Spreadsheets are easy to use and suitable for small consolidations, but may not be suitable for large consolidation groups and can be time-consuming. Financial software can make the financial reporting process faster and more effective, but may not be effective if used only once a year or if the additional value is not seen.