Separate company accounts do not always give your board, lender or investor the group picture they need. Accendo helps established groups prepare consolidated accounts and organise the information behind them.
The difficult work often starts before consolidation
Subsidiaries may close at different times, use different policies or disagree on intercompany balances. Acquisitions and overseas entities can add further judgement. We establish the reporting requirement, group structure and information responsibilities before the timetable becomes compressed.
What the engagement can cover
- Group reporting instructions and consolidation schedules.
- Policy alignment and agreed consolidation adjustments.
- Elimination of intercompany transactions and balances.
- Preparation of consolidated financial statements and relevant disclosures.
- Coordination of information required from entity finance teams.
Acquisition accounting, complex technical questions, tax work and individual company accounts are scoped expressly. We agree which entities and reporting outputs are included.
A reporting process your team can follow
We start with the ownership structure, reporting framework, prior accounts and deadlines. We agree when entity information will be available, who will resolve differences and how significant judgements will be approved. This gives your team a practical list of dependencies before the consolidation is prepared.
Directors retain responsibility for the accounts and management decisions. If Accendo also undertakes audit work, any preparation service is assessed against applicable independence requirements.
Questions before you appoint
Does every parent company have to prepare consolidated accounts?
No. The requirement depends on the applicable law, reporting framework and eligibility for exemptions. We assess the group’s circumstances rather than assuming that having a subsidiary settles the question.
Can you use accounts prepared by our existing advisers?
Yes, subject to the information meeting the group reporting requirement. Additional schedules, policy adjustments or reconciliations may be needed.
Can a UK subsidiary need group reporting support?
Yes. It may need information for an overseas parent’s consolidation, or it may itself head a subgroup. A parent reporting pack and statutory consolidated accounts are different deliverables; we clarify which is required.
What affects the fee?
The number of entities, currencies, acquisitions, quality of the reporting packs, intercompany differences and technical complexity. We review those factors and the deadline before agreeing the scope.
Start with your group structure and deadline
Bring your ownership chart, latest accounts and any reporting instructions. Related support includes IFRS reporting, statutory accounts and UK subsidiary audit.