Consolidation teams are under pressure from the changing business and financial environment, with evolving accounting frameworks, increasing regulatory demands and the complexities of mergers and acquisitions. Optimising the consolidation process is also essential for effective group reporting to respond to stakeholders’ demand for more detailed group level financial information within ever shorter timeframes.
To master your consolidation, you must consider every aspect: accounting and reporting, organisation and processes, systems and tools and training of your people. Outsourcing may also be a viable option.
How PwC can help
- Accounting and reporting
- Organisation and processes
- Tool selection and implementation
- Training and workshops
- Outsourcing and hands-on support
Accounting and reporting
Design group accounting policies and manuals (in IFRS or other GAAP) as well as group consolidation and reporting manuals, including in a digital format.
Advise on your consolidation scope (analysis of share purchase agreements, etc.) and complex transactions, including the full accounting impacts of your acquisitions (purchase price allocation exercise, etc.) and in the integration of newly acquired entities (GAAP alignment, etc.).
Design your group reporting package and prepare interim and year-end financial statements.
Organisation and processes
Run a powerful finance diagnostic on your current consolidation processes, systems and organisation.
Design and implement reliable and efficient consolidation processes, both at interim and for the year end, including intercompany reconciliation procedures.
Align your internal reporting to your external reporting.
Tool selection and implementation
Identify your needs in terms of functional requirements and advise on tool selection (based on benchmark analysis, etc.).
Assist in implementing the selected software.
Training and workshops
Provide basic and advanced training on consolidation and IFRS (or other GAAP).
Design in-house training and workshops tailored to your exact needs.
Outsourcing and hands-on support
Prepare for you your consolidated financial statements or provide you with ad hoc support in the consolidation process.
Contact us
