Consolidation of branches

[Lasa1]

Hello
Can someone guide me to basic examples to learn how to consolidated the branches in the "mother branch"?
Thanks
Regards

[Marek Muc]

I'm not sure what you mean, please elaborate

[JRSB]

same principles as consolidating different entities. I assume you mean branch in the UK legal sense which is effectively divisions of the same legal entity, ie you might operate separate P&Ls but legally all the same company. So same as 'normal' consolidations , remove intercompany trading etc, see knowledge base

[Marek Muc]

Interesting, are there any befits to maintaining separate ledgers for divisions within the same company? All the management information can be derived from other dimensions after all (cost centres etc)

[JRSB]

In some cases only the activities of a branch are taxable so you need separate ledgers to isolate tax sensitive items, etc
I have seen this for example in France where the ledgers are mandated by law (I believe) even though it was just a branch of a UK company. Then there was a consolidation (albeit all the same legal entity).

[Marek Muc]

I see, then it's similar to consolidation as you wrote