When a company owns all the common stock of its subsidiaries, the company doesn’t really need to publish reports about its subsidiaries’ individual results for the general public to peruse.
Our software for legal and management consolidation combines the whole of our comprehensive experience in both business and technical areas.
We can thus guarantee an intelligent and mature product which helps you to make your consolidated accounts watertight.
User tip by Daniel Schrödter, Director Consulting Whether you import new data, change data structures or enter new exchange rates: Since the cash flow statement is not simply a report, but also an integral part of the data model, all consequences for the consolidated cash flow are directly evident without any manual adjustments or transfers.
This saves time and ensures an exceptionally interactive and efficient work.
After a stock acquisition by the parent company, the subsidiary continues to maintain separate accounting records.
But in reality, the parent company controls the subsidiary, so it no longer operates completely independently.
This means all relevant data can be imported conveniently at the push of a button. Financial Consolidation combines a standardised data model for preparing consolidated financial statements with the highest level of flexibility. Financial Consolidation modules, we connect the possibility of consolidating actual and planning figures in one and the same data model, in a uniform interface.
Furthermore, data can be collected, validated and correlated on a decentralised basis via the web using the Luca Net. In this way, all predefined structures can be adapted to the group‘s individual requirements at any time. Financial Consolidation, every value from the group through any sub-groups down to elements at company level and below can be traced down to document level with a few mouse clicks. With Luca Net, elaborate synchronization processes and data transfers including the risk of errors belong to the past.
The individual financial statements are converted into the currency of the consolidated group and added up in the profit and loss account amounts.