Financial Consolidation

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Financial Consolidation

Financial consolidation across companies is a complex process of combining financial data from several departments or business entities within an organization or across regions, usually for reporting purposes.

The process includes importing data, mapping general ledgers to a single chart of accounts, combining the consolidated data and producing reports called consolidated financial statements

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Financial Consolidation

Our financial consolidation expertise can help you navigate multiple currencies, mergers and acquisitions, and evolving accounting standards and regulations – such as IFRS and local GAAP.

FEMA Regulations

IFRS

GAAP

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Services we offer

Group Consolidation

Inter company Consolidation

Mergers & Acquisition

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Benefits

Accurate and timely consolidation

Powerful MIS reports

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Benefits

Increasing efficiency in overall reporting across the companies

Rely on experts for hassle free processing

Illustrative Case – Financial Consolidation

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Client : Leading client from the consumer durables industry having Headquarters in Germany

Need : The company had to meet strict deadlines related to their financial consolidation and were facing several challenges. They needed reporting of tax binder at Global level with complex tax structure existing in India plus managing two different dates, one for accounts closing and other for tax closing.

Benefits• By Outsourcing the entire F & A process along with reporting process, the company was able to reduce costs,

improving overall efficiency in entire activities• The company was able to meet management requirements with respect to MIS reporting and parent

reporting• Managing the accounting and reporting at Subsidiary level has become hassle free for parent company

Solution :• Took over the process of parent company reporting from its internal Finance

Head and within a few months, process got streamlined. • Designed the reporting template specifically keeping in view the Complex

Indian tax provisions, making it simpler to understand by Global tax team.• The team at OATS put together a robust and comprehensive process ensuring

timely deliverables to the company.

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About OATS

Offshore Accounting & Taxation Services (OATS) offers customer-centric Finance & Accounts outsourcing solutions.

F&A Outsourcing

Accounts Payable

ConsolidationBank

reconciliation

Subsidiary Accounting

Tax Compliance

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About OATS

With the right investments in technology tools, a capable team and a strong network comprising of Chartered Accountants, Cost Accountants, MBA Finance, company secretaries, OATS provides unique value to its customers.

OATS is entirely committed to deliver a superior customer service experience and help you focus on your core business

Combining years of experience, cross-domain expertise and leveraging technology, OATS delivers cutting edge solutions to make ‘simplified accounting’ a reality

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Thank You

OFFSHORE ACCOUNTING AND TAXATION SERVICES PRIVATE LIMITEDSujam, Survey No. 81/5BPlot No. 1, Chandragupta Housing Society,Behind Maharaja ComplexPaud Road, KothrudPune – 411038. INDIA.Web : www.oats.co.inEmail : contact@oats.co.in

Offshore Accounting and Taxation Services Pvt. Ltd.

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