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Consolidating accounts group

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The Accounts IQ Group Consolidation module makes time consuming and complicated monthly consolidations quick and easy.

You can then obtain real-time on-line access to the consolidated results for the group and all the subsidiaries from one single system.

These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.

Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. 399(3) inserted (with effect in accordance with reg. I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.

We also need to appreciate the important legal distinction between the various different companies in a group, and the group as a whole. Different sets of accounts are used for different purposes.

The individual accounts show the position and the performance of each individual company, but not the group as a whole.

Engineered to manage the consolidation of a large number of subsidiaries’ datasets with ease.

Also handles sub-groups where the consolidated entity itself is a subsidiary of a larger group consolidation in a complex organisational corporate structures.

Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing. This helps eliminate costly and error prone work flow practices resulting from trying to consolidate data from different systems and spreadsheets.Different subsidiary companies can have entirely different General Ledger Coding systems deployed, the only requirement being that the basic GL Codes be linked to a common set of General Ledger Categories and Sub-Categories for Consolidation and Reporting purposes.Most groups are owned and controlled by a common holding company called the parent.The parent, in turn, controls one or more subsidiary companies (subsidiaries).The Board of Directors of Kemira Oyj has approved the Financial Statements for publication at its meeting on February 7, 2014.Under the Finnish Limited Liability Companies Act, the shareholders may accept or reject the Financial Statements at the General Meeting of Shareholders held after their publication.Once set up, the process is straightforward and takes a short moment to consolidate data from multiple companies with one click.Individual Accounts IQ subsidiaries with similar GL Account categorization and co-terminus year-ends can be linked together to consolidate into an overall parent company.Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area.