Consolidation & Financial Reporting

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Consolidation & Financial Reporting

What Is Account Consolidation?

It is essentially a management and communication device. A companies’ financial statement gives a comprehensive presentation of a group of companies’ financial statements and is used to communicate financial health to stakeholders such as firms’ stakeholders include financial partners, bankers, clients, and suppliers.

Consolidation offers global context, reassures stakeholders, and supports strategic decision on growth. It can also be instrumental in the optimization of development strategies through informed choices

Why Conduct Financial Reporting?

Reassure Investors

Financial reporting provides a clear and accurate picture of a company’s financial health. Investors rely on these reports to evaluate the organization’s potential and make informed decisions, whether they have already invested or are considering doing so.

Anticipate Business Needs

Financial reporting allows business leaders to anticipate needs and take necessary actions, such as planning external growth, launching new products, or addressing potential challenges.

At BDO, we work closely with clients to monitor and manage their financial situations, offering:

Custom dashboards and financial reporting tools tailored to your business.
Key performance indicators (KPIs) to support informed decision-making and effective management.

Our Financial Reporting Services Include:

Identifying KPIs adapted to your activity.
Designing reporting tools for management and investor use.
Analyzing reports to anticipate needs or address potential difficulties.

Strategic and Operational Goals of Reporting

Deliver reliable financial information promptly to secure stakeholder trust.
Optimize development strategies using precise financial data.
Ensure the reliability of group-level information with cross-disciplinary expertise (audit, accounting, advisory, and legal).
Enhance consolidation performance by externalizing or challenging its structure.

BDO's Support for Consolidation and Reporting

Producing consolidated accounts, either partially or entirely (outsourced or collaborative).
Supporting internal teams during high-demand periods.
Adapting consolidated accounts or reporting to IFRS standards.
Certifying consolidated financial statements.

Deploying new consolidation tools.
Restructuring reporting systems.
Configuring information flows using best practices.
Reviewing performance indicators for more effective monitoring.

Optimizing internal processes to improve timelines and quality.
Implementing more frequent reporting cycles.
Strengthening internal controls.
Securing the consolidation process through advanced tools.
Training teams to use new consolidation systems effectively.

Structuring and managing projects.
Producing the financial data needed for financing or strategic operations.
Providing specialized expertise for specific challenges (e.g., IPOs, mergers, acquisitions).
Reinforcing consolidation teams during exceptional events (restructuring, acquisitions).