Consolidation
Adding the companies up is not SUM(): translate, eliminate, take the minority’s share, and keep the arithmetic.
12 steps · 10 questions · 7 screens on this shelf
The screens on this shelf
- Consolidation Groups A reporting entity that does not trade: a currency, a chart, a calendar and a set of member companies.
- Group Members How much of each member the group owns, and by which method. Above 50% you consolidate line by line; between 2
- Group Chart of Accounts The chart the group reports on. Two companies calling the same thing 6100 and 610000 is the normal case, not t
- Account Mappings How each entity’s accounts land on the group chart. A range maps as a block so a new account does not silently
- Elimination Rules What comes out again. A pattern rather than a posting, because a rule that has to be rewritten when a company
- Consolidation Runs The arithmetic, kept. Entity total, translation difference, eliminations, minority interest and the group figu
- Consolidation Adjustments An adjustment made at group level and nowhere else. A top-side adjustment is the classic fraud vector, so it c
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