Movements Consolidation

What is HFM’s strong point in making the Consolidated Financial Statements? Several points I would say, but today we appreciate the consolidation of each individual balance sheet movement.

Imagine an HFM application that, for the purposes of the Notes to the Financial Statements, presents the following flows available for the various sections of the Balance Sheet statement:

  • Opening
  • Profit Allocation
  • Dividends
  • Opening exchange rate difference
  • Exchange rate difference movements
  • Previous year exchange rate difference
  • Increase
  • Increase intercompany
  • Share capital increase
  • Loss cover fund
  • New Consolidation
  • Decrease
  • Decrease intercompany
  • Write off fund Surplus Discharge
  • Share capital decrease
  • Short term movements
  • Reposting
  • Merge
  • Write off
  • Profit of the year
  • Cash flow hedge reserve
  • Amortized cost bank payables
  • Change in consolidation scope
  • Long term movements
  • Reversal Adjstments previous year
  • Historical Equity value
  • Closing

Well, in the consolidation rules we can handle the various cases, such as Share Capital or Investments Historical Cost elimination; for each of these cases we can manage as many sub-cases as the movements associated with the account to be eliminated: we generate different consolidation reserves and conversion effects on our group and minority equity.

The model is built on a statutory basis (therefore it reflects IFRS or Local Gaaps for Italy) but the development and customization capabilities are really very high.

Learn more: email support@experlab.it