Businesses with a parent company and one or more subsidiaries need consolidated financial statements that correctly eliminate intercompany transactions and present the group as a single economic entity. This requires a different level of technical handling than standalone company accounts.
What’s included
- Consolidation of parent and subsidiary financial statements
- Intercompany transaction and balance eliminations
- Minority interest calculations where applicable
- Consolidated disclosure notes prepared to SFRS group reporting requirements
- Coordination across each entity’s individual bookkeeping and reporting
Who this is for
Group structures with a Singapore parent or holding company and one or more subsidiaries, whether all Singapore-incorporated or with overseas entities in the group.
How this fits with our other services
This builds on Unaudited Financial Statements preparation for each entity in the group, adding the consolidation layer on top.