Consolidated Financial Statements /Consolidated Closing

Consolidated Financial Statements & ClosingA single financial language for Multi-national corporationsWe complete everything from determining the consolidation scope to converting to international standards

Service Overview

Why Consolidated Financial Statements Matter Consolidated financial statements are prepared by treating the parent and its subsidiaries as a single economic entity. Because they present the financial position, operating performance, and cash flows of the entire group in an integrated way, they are important information for investors and stakeholders evaluating the group’s true financial condition. Since the adoption of IFRS, disclosing consolidated financial statements as the primary financial statements has become the global standard for listed companies.

Why It Matters Now

A group’s consolidated closing is far more complex and demands more expertise than the closing of an individual company. It requires various consolidation-adjustment procedures—determining parent-subsidiary relationships, eliminating intercompany transactions, eliminating investments, and aligning accounting policies—and errors arise easily in this process. Groups with subsidiaries in multiple jurisdictionsalso often struggle with managing the closing schedule and gathering information, making the timely preparation of reliable consolidated financial statements an important task.

Our Principles

Operating Principles

Consolidated Closing Operating Principles We approach consolidated closing not as a mere accounting exercise but as a process of putting the group-wide financial reporting framework in order. We systematically support the entire consolidated-closing process—from defining the consolidation scope to consolidation adjustment entries, preparing the consolidated financial statements, and footnote disclosure. We reduce errors that can arise in the complex elimination of intercompany transactions and investments, and we advise so that consolidated financial statements conforming to the applicable accounting standards (IFRS, etc.) are prepared in a timely manner. We raise the group’s financial reporting reliability and build an efficient consolidated-closing process.

Key Services

Who This Service Is For

Companies subject to preparing consolidated financial statements (listed and private)
Companies struggling with complex consolidation accounting and consolidated closing
Companies with many subsidiaries that need to streamline the consolidated-closing process
Companies needing advice on preparing and disclosing consolidated financial statements under applicable standards such as IFRS

Services Provided

Defining the consolidation scope and analyzing parent-subsidiary relationships
Consolidation adjustment entries and support for preparing consolidated financial statements
Advice on eliminating intercompany transactions and investments
Aligning accounting policies and supporting conversion to the group’s applicable standards (IFRS, etc.)
Support for preparing consolidated-financial-statement footnotes and disclosure
Proposals to streamline the consolidated-closing process
Training and hands-on support related to consolidated closing

We approach the entire audit cycle from an integrated perspective and work with you to build a financial reporting framework your stakeholders trust.