Consolidation

In this chapter, you can read about:

• Reconciliation of intercompany transactions between holding company business units.
• Intercompany transaction elimination.
• Consolidation procedures and consolidated statement preparation for a holding company.

The features covered in this chapter are available in the Consolidation under IFRS section.

In the application, this stage of preparing statements under IFRS is based on the transformational model principles. This means that these procedures will be the same for business units with both transactional and transformational models once they are transferred to consolidation procedures covered in this chapter.

Upon consolidation by group perimeter, when all company trial balances under IFRS are merged, these balances must be stored as report instances even for business units with the transactional accounting model. With the transactional model, analytical trial balances are generated from accounting registers to report instances of trial balances under IFRS.