Financial Consolidation

Infor Corporate Performance Management - Financial Consolidation is an integrated financial data management, analysis, and reporting application. It provides the flexibility for corporations to maintain separate legal and management structures while retaining the ability to consolidate as often as necessary.

Financial Consolidation is designed for:

• Accountants and controllers
• Preparing and reporting consolidated data at a detailed level
• Journal adjustments
• Intercompany data management
• Managing complex ownership structures
• Audit preparation

The consolidation process combines the financial statements of separate subsidiaries, cost centers, or units into a single set or consolidated company.

With the consolidation process, you can:

• Extract relevant data in a common format
• Convert a trial balance to a standard set of financial statements
• Check subtotals, opening balances, and balance sheet balances for accuracy
• Convert from local to common currency
• Account for exchange rate gain/losses
• Eliminate intercompany transactions
• Eliminate investments in subsidiaries, joint ventures, and minority interests
• Remove the effects of currency translation from consolidation reports
• Make accounting adjustments
• Produce financial, statutory, and management reports and analyses