Groups of companies are consolidated for statutory financial reporting purposes. Although this is primarily a statutory requirement, consolidations provide a bird’s eye view of the financial position and performance of the group, or parts thereof, that is useful for management’s review and control. This is a process which may be cumbersome depending on the granularity and quality of information available to the group, and the complexity and user-friendliness of the consolidation model used by the finance team to aggregate the data and pass the consolidation adjustments. KPMG has the right tool for your consolidation needs – C-TRECK.
C-TRECK has all the features required to prepare ad-hoc management consolidations and to fulfil your statutory annual consolidation obligations. The main features of C-TRECK are:
- IFRS compliant
- Tried and tested in groups of different sizes and from different industries
- Reduced time effort to consolidate
- Multi-sector
- Multi-currency
- Significant automation
- Transparent process
- Low total cost of ownership
- Flexible and customisable
- Built by accountants for accountants
Our team can also assist clients in the process of the preparation of consolidated financial statements by providing the following services:
- Assessment of accounting and reporting impacts and identification of gaps between IFRS and various accounting frameworks
- Assessment of accounting policy choices
- Assistance in the preparation of the opening consolidated IFRS Statement of Financial Position
- Assistance in the preparation of IFRS financial reporting
- Assistance with the implementation of consolidation software
Our team of technical accounting specialists are selected for their high technical competence and proven track record in helping clients to understand complex accounting requirements. We are dedicated to assist clients to make the right accounting decision in the context of reporting objectives, commercial reality and regulatory requirements. Our experience ensures that we can address many business situations. In all cases, we will help in achieving a high quality accounting result that reflects the specifics of the transactions, events and conditions.
Our industry professionals combine local and global experience to meet the needs of our clients, mainly by assisting key management within the company in successfully overcoming the several challenges that they are faced with from time to time.
