As the user, you are taken step by step through the program - from the definition of the single entities to the generation of the consolidated financial statement. In order to ensure maximum clarity, the workflow is divided into various sections: one for the basics such as defining the flexible time axis and organising the charts of accounts, and another for the subsequent consolidation process. In these two sections, all settings and consolidation steps are interrelated so you cannot lose any important information.

 

 

 

Inter-company investments are eliminated by means of a wizard. Starting from the parent company's investment carrying value or the equity in the subsidiary company, you have the option of dividing the resulting differences into undisclosed reserves and goodwill with the appropriate depreciation schedules. Changes in participating interests can easily be depicted.

 

Alongside statutory consolidation, a management consolidation function to assist the management of investments is available. The strengths of the CP software are to be seen here as well in the wide range of planning and analysis capabilities.

 

Diverse company charts of accounts are automatically conveyed to a group chart of accounts. The group companies thus retain their usual reporting format.

In currency translation, the following methods are supported: the closing rate method, the modified closing rate method and the temporal method. Currency differences are recognised within or outside the P&L, or on a causal basis.

The elimination of inter-company liabilities and inter-company expenses and income can be made fully automatic through the use of partner information. If the companies are unable to provide partner information, inter-company accounts or summary accounts can be used for the derecognition of receivables/payables and expenses/income. Any offsetting differences which may arise can be recognised within or outside the P&L and with warning limits applied.

 

Deferred taxes can be calculated for every single entity and on group level. All transactions resulting in deferred taxes can then be resolved in the following periods on a causal basis, and either netted or disclosed and posted separately.

 

All of the information generated in the course of the consolidation process can appear in the Notes to the Consolidated Financial Statement. Data from external sources (charts, text documents, ...) can similarly be incorporated.

 

All the standard analyses (Statement of Changes in Fixed Assets, Statement of Changes in Equity, Analysis of Provisions, Analysis of Receivables, Analysis of Liabilities) can be displayed on single entity and on group level. With the help of a wizard, every posting executed in the consolidation process is allocated to the respective analyses. The carrying values of the balance sheet and those of the analyses are reconciled in each step.

 

 

A consolidated segment report can be presented parallel to the statutory consolidated financial statement. By using distribution keys you can have the segment report processed at the same time as the statutory consolidated financial statement.

The consolidated results are evaluated as key ratios in tables and charts. In addition to the standard key ratios which are generated automatically, you can define any number of your own.