Financial Consolidation Model Overview
Jedox Financial Consolidation significantly reduces the resources and time companies spent on creating a consolidated financial statement and reporting for the group from the separate financial statements of their subsidiaries. Through automation of standard as well as more complex consolidation measures it enables greater speed of group-wide reporting for international reporting standards such as IFRS, US GAAP, German GAAP and many more. The pre-built finance application follows industry best practice to ensure a fast deployment, yet also offers great configurability and flexibility to meet custom management and reporting requirements.
The following key consolidation measures are supported by the Financial Consolidation application:
· Non-Controlling Interests
· Debt Consolidation
· Intercompany elimination
· Elimination of dividends
· Automated postings for intercompany differences
· Posting Journal for automated and for manual journal entries
Test Drive the Financial Consolidation Model from the Jedox Marketplace.
Balance Sheet Cube
Profit and Loss Cube
Cash Flow Cube