Consolidation Accounting
Consolidation of accounts is essentially a method of communication and a vital management tool for your partners (financial institutions, management, shareholders…). We provide you with a professional team that is trained in consolidation strategies and technologies due to our expertise in business strategy.bOur professionals provide customized assistance in creating your consolidated accounts and reports, as well as training for consolidation installation of software.
Specialized Solutions
Choice of Accounting Framework (Tunisian Standards or IFRS)
Organization of the Consolidation Process (Internalization or Outsourcing)
Selection of Consolidation Frequency (Monthly, Quarterly, Annually)
Definition of Procedures and Consolidation Scope
Sector-specific Financial Analysis
Why Us?
Recognized accounts consolidation software: Thanks to our thorough understanding of their many features to assure a service that meets our requirements, we have chosen leading consolidation and reporting solutions in the market based on our expertise. We also provide internal training to your teams to ensure a smooth transition.
Dedicated experts for your consolidated accounts: We offer a dedicated team, trained in consolidation methods and tools, supervised by technically proficient associates. We stay updated with regulatory changes, ensuring compliance with evolving legislation and adherence to standards (IFRS or Tunisian standards).
Our Process
UNDERSTAND: We undertake a diagnostic assessment of your challenges and define a personalized action plan.
DO: We actively participate in the implementation of the action plan, leveraging our industry expertise, tools, projects, and knowledge of best practices.
SUPPORT: Beyond our technical expertise, we can assist you with coordinating and managing daily team operations of your project, always with a collaborative mindset.
TRANSFER: We take extra precautions in documenting our work and sharing it with your teams, enabling them to take over and address comparable concerns on their own afterward.
Core Priorities
Focus on business activity
Develop company with peace of mind
Access to real-time information
Secure taxation
Performance optimization
Frequently Asked Questions
Why consolidate accounts?
Consolidating accounts provides benefits in addition to the legal necessity. It facilitates effective communication with partners and can serve strategic purposes by offering a comprehensive view of the group's assets.
How to consolidate accounts? Internalize or outsource?
It depends on your organization. In both cases, we help you define the scope of intervention and support you in implementing procedures that best meet your requirements.
Consolidated accounts: what are they and what do they consist of?
Consolidated accounts consist of a consolidated balance sheet, a consolidated income statement, a consolidated accounting appendix, and a group management report. The presentation of accounts may vary depending on the chosen accounting framework.
Full consolidation, proportional consolidation, equity method: what are they?
Consolidation processes change depending on a subsidiary's level of ownership. When the fellowship controls more than 50% of the voting rights in the subsidiary, full consolidation is applied, resulting in 100% consolidation. If the main company holds between 20% and 50%, only 20% to 50% of the subsidiary's account balances are included, and it is referred to as proportional consolidation.
Am I obliged to consolidate accounts?
The consolidation of the accounts is a legal obligation for a group of companies. In some cases, it may also be required by financial partners (banks, shareholders, etc.).
