Hi,
There will be 5 companies in the consolidated financial tables I wil prepare. 2 companies in another country have different financial year periods. In other words, the financial period of 3 companies is 01.01.2022 - 31.12.2022, while the financial period of the other 2 companies is 01.10.2021 - 30.09.2022. I think it would not be appropriate to consolidate companies based on data from different periods. What should be done in this situation? If you can help it would be great.
Consolidation of companies with different accounting periods
Re: Consolidation of companies with different accounting periods
Ask these two companies to prepare consolidation packages that align with the group's reporting period. Ideally, you would use consolidation software, but Excel spreadsheets will also suffice. You can also consider changing the reporting periods of these two companies to save them this additional effort in the future.