Financial consolidation, cash flow, eliminations
Omicron consultant will design for you a solution that will support you in the Financial Consolidation: the process of combining financial data from several departments or business entities within your organization, mostly for reporting purposes. Commonly the financial data combined in this process will include your assets, liabilities and other financial items of two or more entities into one. Consolidated financial statements of a group presents, the assets, liabilities, equity, income, expenses and cash flow of the parent company and its subsidiaries as one economic entity as required by Accounting Standards.
Omicron consultants will provide you with solutions to overcome the difficulties of Inter-company reporting. Identifying intercompany transactions, have a set of controls to support the accounting process are all difficult and time consuming Solutions provided by our consultants will automate the processes, ease and solve the challenges arising from the need to offset payables and receivables as well as offset of interest expense and interest income between the different entities of your business