Consolidation

Nowadays, as the international regulatory environment becomes stricter on accounting policies, providing consolidated financial statements is worthy of consideration. Consolidated financial statements ease comparison and transparency within Financial Statements.

At Alter Domus we have a fully dedicated team of consolidation specialists with the expertise to prepare a full set of consolidated accounts under IFRS, US GAAP, UK GAAP, other local GAAPs and INREV guidelines. With its extensive experience, Alter Domus’ Consolidation department serves more than 100 clients and prepares approximately 200 consolidations per year.

To provide our clients with the highest level of quality, our consolidation team uses a dedicated consolidation software – MONA Group Reporting – developed by SIGMA. MONA represents the most complete tool in term of consolidation functionalities, living up to Alter Domus’ expectations of excellence and high efficiency. Its methodology offers consolidators, auditors and clients unparalleled transparency along with an exceptional level of user friendliness.

Alter Domus is devoted to building strong, long-term relationships with our clients. We work diligently to achieve this by developing solutions uniquely tailored to meet clients’ requirements in terms of timing, cost management, and risk assessment.

Alter Domus provides the following consolidation services to companies and organizations:

  • Preparation of customised consolidation reporting packages for Group consolidation reporting purposes
  • Assistance to preparation of group consolidation accounting manual
  • Coordination of data collections for the Group entities’ reporting packages
  • Conversion of local GAAP accounts to consolidation GAAP
  • Review of local reporting packages
  • Preparation of consolidated financial statements / consolidated NAV under main Gaap, including IFRS, UK Gaap, US Gaap, INREV and local Gaap where Alter Domus has offices.
  • Preparation of combined statements for jointly controlled companies
  • Assistance to clients in dealing consolidation matters with auditors
  • Providing outsourcing consolidation services to clients
  • Conducting consolidation trainings to external client staff

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