Alt’s IFRS team has been constantly supporting our clients in consolidation process. This is the area where IFRS usually become complicated and their application requires special expertise.
We can offer to potential clients a number of tools for consolidation varying from customized Excel spreadsheets to specially designed integrated software solutions that start from a trial balances of the parent company and its subsidiaries.
Our experience suggests that for the management of big Groups it might appear to be a real challenge to prepare consolidated IFRS reporting for the first time. The adequacy of human and IT resources should be evaluated first. Our contribution at this stage is likely to be crucial to optimize the management’s time and investments to be made in information system. The final objective of the information system comes to making the consolidation process transparent and ready for the external audit.