UNDERSTANDING FINANCIAL CONSOLIDATION
One of the most critical functions in a month/year-end process for an accountant is the ability to produce a set of financial statements within a given time period. In order to produce such statements, finance teams across various organizations dedicate numerous hours to consolidating financial data during their month-/year-end process.
The efforts involved in financial consolidation can be tedious and time consuming. As such, accurate reports are not available in a timely manner. Not to mention the challenges for multiple legal entity companies let alone a single one.
The good news is, BDO is listening to the industry’s challenges and has the solutions. Consolidating financials doesn’t have to be a dreaded time. Access the resource to learn more.