CONSOXLE ™ LETS AUTOMATE CONSOLIDATION……..

Aarna Soft Solutions Private Limited

Challenges in Consolidation:

Multi Currency

Various methods of consolidation

Various Accounting Standards (AS, IFRS, etc.)

Various types of entities: Partnership firm, Private

Limited companies, Limited companies

Various Relationships in consolidation: Subsidiaries,

Joint Venture, Associates, etc

Out of books effects – Goodwill / Minority

Current Scenario

Time and Repetitions

Staff Deployment

Human Dependency

Lack of Reliability

Bulky Data

Decentralised Working not possible

Solution offered by

CONSOXLE™ Software

Consolidation Process

Currency Adjustment

JV Proportion

Goodwill

Intra Group Transactions

Accounting Policies

Adjustment

Equity Impact

Minority

Fixed Assets Schedule

Upload

Trial

Balances

LBLA

Profit and

Loss

Account

Balance

Sheet

Consolidation

Setup

Master

One time

activity

Tally

Upload

Excel

Upload

Ledgers /

Day Book

Master Setup

1. Group Master

2. Company Master

3. Group Company Profile (Hierarchy) Master

4. Group Chart of Accounts (COA) Master

5. Project ID

6. Authorised Person / Auditor Signatory

Set up Group Company Hierarchy Master

Trial Balance

1. ACTB Upload

2. Tally TB Upload

3. TB Validation

4. TB Comparison

5. TB Removal

6. LBLA

Upload Trial Balances

On Screen

Entry

Excel

Upload

Process

1. Foreign Currency – Integral / Non-integral

2. Proportionate Consolidation Process

3. Goodwill

4. Self Made Company Capital Elimination

5. Intercompany Transactions

6. Manual Entries

7. Equity Impact

8. Minority Interest

Goodwill Process in Consoxle ™

Goodwill of Associates:

Goodwill of Subsidiary

Minority Interest in Consoxle ™

Share of Minority Interest on Post

Acquisition Profit

Multi level consolidation

Holding

Subs1

Subs1 Sub 1 Subs1 JV 1 Subs1 Ass1

Joint1

Joint1 Sub1

Ass1

Ass1 Sub1

Reports

1. Goodwill Report

2. Minority Report 3. Vouchers

4. Day Book 5. General Ledger 6. Standalone BS and PL & Schedules

7. LBLA 8. Fixed Assets Report 9. Consolidated BS and PL & Schedules

10. GL Wise Break up – Last mile details 11. Ratio Analysis

1. Goodwill Report

2. Minority Report

LBLA – Line by Line Addition

Standalone & Consolidated Balance sheet &

Profit and Loss Account

Multi Level Consolidation

Security Feature

Authentication

User ID and Password

Authorisation

Role base access to specified entities and report.

Can be easily configured as per your company’s requirements.

Back end database (Oracle 10G)

Stable database, no accidental modification and deletion of data or formulas (which can happen in spreadsheet)

Benefits of using Consoxle™ for consolidation

On time consolidation

Assured accuracy

Avoid errors caused by manual processing

spreadsheets.

Save efforts

Enable sharing & parallel processing of workload,

elimination.

Automate several computation to save manual efforts.

Multi Currency

Benefits of using Consoxle™ for consolidation

… Continue

Reduce person dependency without losing

consistency.

Robust securities

Line by line addition report (LBLA)

Pre-loaded report formats: Revised Schedule VI

Multi level consolidation

Benefits of using Consoxle™ for consolidation

… Continue

Web Based Solution

Output in Excel/PDF

Audit Trail Report

Extra Features….

Effect of Changes in Relationship

Effect of Changes in % Holding

C/f of Past Entries

IFRS Reporting

Cash Flow Statements

Notes to Accounts

Auditor’s Report

Technologies

Developed on:

Java/J2ee

JavaScript-AJAX

Servlet-JSP

Oracle 10g

Apache Tomcat

Tested By:

Expert Chartered Accountants

Console ™ Implementation

Week-1

• Deliver the software

• Install and Configure database

• Create users and authorization

Week-2

• Create entities and hierarchies

• Create reporting structure

• Create other masters like Currency, Goodwill, Minority, ect.

Week-3 & 4

• Users Training

• Hands on practice upload your previous period TB generate reports which match with the published numbers

Console ™ Output Generation

Day-1

• Upload Trial Balance

• Validate

Day -2

• Carry out Processes

• Validate

• Generate Consolidated Financial Statements

Team

Dr Kalpesh Parikh

CA Sandesh Mundra

CA Suman Mundra

Separate Teams for Development / On Site

Implementation & Support / Testing Team

Team Leader - Development

Dr Kalpesh Parikh

Ph.D – Computer and Info Sc

28 Years of IT Experience

mySAP Business Suite , Customized ERP, SAS, IBM Rational Suite, Solution

Manager, BPM Tool, WAP, Java, .NET, Coldfusion in

Textile, Manufacturing, Financial, Retail , Media, Restaurant, Jewelry, Education ,

Construction, Out of Home, Business Process Management

10 + Years Process Experience

QMS - ISO 9000 Lead Auditor and Empanelled BVQI & BSI and CI,UK

ISMS - ISO 27001 Lead Auditor – Empanelled with BSI and CI,UK

SSE-CMM-ISO 21827 Lead Appraiser System Security Engineering–Capability Maturity Model

ITSM-ISO 20000 – IT Service management – First Course in World outside UK

Experience on ISO 12207-Software Life Cycle Development (Adopted by DOD,US)

Team Leader - Domain

CA Sandesh Mundra

Fellow Chartered Accountant with hands on experience and expertise in Internal

Audits, Statutory Audits & Preparation of Consolidated Financial Statements

Post Qualification Academics

Diploma in Information System Audits

Diploma in Insurance and Risk Management

IFRS Certified by ICAI

Faculty on the Topics of “Business Combination” and “Consolidated Financial

Statements” for the IFRS course organised by Mumbai and Ahmedabad Chapter

of The Institute of Chartered Accountants of India

Experience in Consolidation of Accounts of a corporates with more than 100

group concerns.

SHANTIKRUPA

ESTATES PVT LTD

Icons Who have trusted our Team in the Past

Hashmukh Shah Group

Government Agencies

UGC-AICTE-INFLIBNET-AMC

Government Corporations

GSFC-GIIC-GAIC-GIDC

Contact Details

Aarna Soft Solutions Private Limited

Email: info@aarnasoft.net

Mobile: +91 9426024975

Web: www.consolidationofaccounts.com

Thank You !