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Accountants use the term business consolidation to reflect the combining of assets, What role each owner and executive will play in the combined business is.



ACCA F3 Group Accounts The Consolidated Statement of Financial Position (1a)

Consolidating company accounting functions

Consolidating company accounting functions


It is a single platform solution, completely agnostic and can easily allow for data from multiple ERP's systems and different charts of accounts. BPC has an Excel front end which allows for easy and quick user adoption. And the will to consolidate is nothing without the will to prepare for and accept change. Keep in mind that finance and accounting departments exist to support and track operations and should not create obstacles to consistent processes and business practices. Companies that have acquired multiple core financial systems over time due to mergers and acquisitions must have a consistent view of all business activities. Multiple core financial systems are also often associated with multi-tier ERP deployments where each business has different accounting practices that are not easily reconciled.

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Consolidating company accounting functions

Consolidating company accounting functions


It is a single platform solution, completely agnostic and can easily allow for data from multiple ERP's systems and different charts of accounts. BPC has an Excel front end which allows for easy and quick user adoption. And the will to consolidate is nothing without the will to prepare for and accept change. Keep in mind that finance and accounting departments exist to support and track operations and should not create obstacles to consistent processes and business practices. Companies that have acquired multiple core financial systems over time due to mergers and acquisitions must have a consistent view of all business activities. Multiple core financial systems are also often associated with multi-tier ERP deployments where each business has different accounting practices that are not easily reconciled. Consolidating company accounting functions

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ACCA F3 Group Accounts The Consolidated Statement of Financial Position (1a)

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