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Consolidated Management Statements

The consolidated management statements set out the financial situation and performance of a group of companies viewed as a single enterprise

The Consolidated Management Statements set out the financial situation and performance of a group of companies viewed as a single enterprise.
The consolidated management statements, unlike the statutory consolidated financial statements, has two main purposes:

  • Responding to regulatory demands, analyzing not only Financial Statements but also management reports. Therefore it is necessary to provide of extra-accounting information (such as quantitative information on sales, production, purchases or KPI’s) and financial information with management report in order to develop a cash flow of the business dimensions(ex. products, sales channels, operating divisions or other).

  • Analyze frequently the data (monthly or quarterly) in advance with respect to the close of Financial Statements. For this reason it is necessary to consolidate the financial statements effectively and integrate data with manual adjustments.

 

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