EPM Buyer’s GuideCONSOLIDATION

Financial Consolidation

Automate entity rollups, intercompany eliminations, FX translation, and disclosures—end‑to‑end with audit trail and controls.

Key takeaways
  • Fast, auditable rollups with effective‑dated ownership.
  • IC eliminations by rule with reconciliations and thresholds.
  • FX translation & CTA handling; multi‑GAAP reporting.
Ownership & hierarchies
  • Partial ownership, step acquisitions, disposals.
  • Effective‑dated metadata for restatements.
  • Minority interest & equity pickup accounted for.
Intercompany (IC)
  • Match at transaction/balance level; discrepancy thresholds.
  • Profit‑in‑inventory and downstream eliminations.
  • Exception workflows and certification dependencies.
FX & GAAP views
  • Closing, average, historical rates; CTA treatment.
  • Local GAAP vs IFRS/US GAAP mappings.
  • Multiple consolidation views per requirement.
Cash flow & disclosures
  • Indirect/direct cash flow automation.
  • Statement formats, note templates, attachments.
  • Evidence with drill‑through for auditors.
Controls
  • Segregation of duties on journals.
  • Period locks; sign‑off gates.
  • Drill‑through to ERP with immutable history.
Checklist
  • Entity & ownership inventory.
  • IC matrix and materiality thresholds.
  • FX rates and calendars defined.
  • Disclosure pack templates ready.
  • Close calendar aligned to consolidation windows.
FAQ
Helpful at scale, not required—EPM can source ERP actuals and grow later.
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