Consolidation Tool
Conversion to IFRS almost always involves the preparation of group financial statements.
Starting with the IFRS Conversion Tool FAS AG has developed a consolidation tool on the basis of MS Excel with which all the steps in a consolidation can be made quickly and in a structured manner. This includes preparation of the aggregated balance sheet and P & L up to the group balance sheet and P & L, as well as the cash flow statement and statement of shareholders’ equity. The tool contains the following working processes up to the final group financial statements:
- Currency conversion and a determination of the currency conversion differences
- Determenation and recording of the necessary consolidation journal entries:
a. Expenditure and earnings consolidation
b. Intercompany profit elimination
c. Debt consolidation
d. Capital consolidation - Structured determination of the cash-flow statement
- Issue of group balance sheet, group P & L, group cash-flow statement and group statement of sharholders´equity.
The Consolidation Tool can also prepare segment reporting with an appropriate entry in the FAS Conversion Tool.
The template for determining the cash-flow account in the consolidation tool can also be used independently of the consolidation tool if necessary.
© FAS AG
You can request further information about the Consolidation Tool using our contact form.
