Consolidation
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Managing Multiple Companies in BrizoSystem: Simplifying Financial Consolidation with Virtual Groups
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As businesses grow and expand, they often find themselves managing multiple companies, subsidiaries, or business units. This structure, while beneficial for scaling operations and reducing risk, introduces a significant challenge:…
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The Hidden Costs of Using Excel for Multi-Company Consolidation
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For many small and medium-sized businesses, Excel is the go-to tool for financial management. It’s flexible, widely available, and familiar to most finance professionals. However, as your business grows and…
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Understanding Intercompany Dividend Elimination in Financial Consolidation
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Why Intercompany Dividends Must Be Eliminated When consolidating financial statements across multiple entities within a group, one essential adjustment is the elimination of intercompany dividends. These are dividends paid by…
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Why Do We Eliminate Intercompany Transactions in Financial Consolidation?
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Seeing the Group as One When a group of companies is under common control—such as a parent company with several subsidiaries—the goal of financial consolidation is to present their financials…
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AI and Financial Consolidation: The Future of Multi-Entity Reporting
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Introduction: A New Era in Finance Financial consolidation has traditionally been a complex, manual process requiring significant coordination across departments, countries, and systems. As businesses grow through acquisitions or international…
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UK GAAP vs. US GAAP: Key Differences in Financial Reporting
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When operating across the UK and the US, businesses must navigate the differences between UK GAAP (Generally Accepted Accounting Practice in the UK) and US GAAP (Generally Accepted Accounting Principles…
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Financial Consolidation for SMEs: Is It Necessary and How to Start?
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Many SMEs believe financial consolidation is only for large enterprises, but even smaller businesses can benefit from it. Why SMEs Should Consider Financial Consolidation ✔ Better Financial Visibility: Consolidating financials…
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The Impact of Different Accounting Standards on Financial Consolidation (IFRS vs. GAAP)
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Financial consolidation is already a complex process, requiring businesses to aggregate financial data across multiple subsidiaries, often spanning different countries, currencies, and regulatory environments. The challenge is further amplified when…
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New Feature: Virtual Groups for Flexible Financial Consolidation in BrizoSystem
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In financial consolidation, companies often rely on fixed hierarchies based on legal structures. But what if you need to analyze data from a different perspective—such as by region, business unit,…