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Consolidation of Financial Statements

A Group Vision to Make Better Decisions

At Afianza we accompany business groups in the preparation and improvement of their consolidated financial information, integrating the information of their different companies under homogeneous criteria and in accordance with the applicable accounting framework. Our support facilitates consistent and traceable closures and provides a useful overview for the fulfilment of information obligations, management control and decision-making

Our services include accounting consolidation, conversion to IFRS/IFRS, financial reporting to matrices, and the design and optimization of consolidation processes, adapting to the structure, dimension and evolution of each group.

Having specialists in consolidation makes it possible to reduce the complexity associated with multi-corporate business structures, improve the consistency and reliability of information and facilitate compliance with applicable accounting and reporting criteria. In addition, it provides management and governing bodies with a more accurate view of the group’s economic reality, facilitates the relationship with matrices, auditors, investors and financial institutions, and enables them to deal with growth, internationalization or reorganization processes with a stronger financial base. Afianza’s documentation has an impact precisely on the consistency of group reporting and its alignment with internal guidelines and the applicable accounting framework.

Our Financial Statements Consolidation Services

Group accounting consolidation

We support business groups in the preparation of their consolidated financial statements, from perimeter definition and applicable methods to aggregation, homogenization adjustments and intra-group deletions. We…

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We support business groups in the preparation of their consolidated financial statements, from perimeter definition and applicable methods to aggregation, homogenization adjustments and intra-group deletions. We support both early consolidations and recurrent closures and perimeter changes.

Conversion and adaptation to IFRS/IFRS

We analyse the differences between the local accounting framework and the International Financial Reporting Standards, defining the criteria and adjustments necessary for conversion. We accompany the…

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We analyse the differences between the local accounting framework and the International Financial Reporting Standards, defining the criteria and adjustments necessary for conversion.

We accompany the company in the first application of IFRS and in the recurrent preparation of financial information under international standards.

Financial reporting and consolidation packages to the matrix

We prepare and adapt the financial information of the subsidiaries to the formats, accounting criteria, currencies and deadlines established by the matrix. We incorporate reconciliations with…

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We prepare and adapt the financial information of the subsidiaries to the formats, accounting criteria, currencies and deadlines established by the matrix. We incorporate reconciliations with local accounting and consistency controls that facilitate their integration into the consolidation of the group.

Design and optimization of the consolidation process

We design efficient and repeatable consolidation processes through the homogenization of accounting policies, accounting plans, closing schedules, intragroup operations and reporting packages. We implement procedures and…

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We design efficient and repeatable consolidation processes through the homogenization of accounting policies, accounting plans, closing schedules, intragroup operations and reporting packages. We implement procedures and controls that improve the traceability, reliability and agility of consolidated closure.

This is how we consolidate your group's financial information:

(01)

We analyze the structure and particularities of each group to adapt the consolidation model to their reality.

(02)

We work together with the financial teams of the different companies to homogenize criteria and promote the consistency of information.

(03)

We apply a rigorous approach that strengthens the traceability, consistency and reliability of consolidated financial information.

(04)

We support the adaptation of information to the different accounting frameworks, currencies and reporting requirements at the national and international levels.

(05)

We help establish efficient, repeatable and ready processes to evolve at the pace of the group.

(06)

We provide specialized knowledge and business vision so that the consolidation contributes to the control, reporting and decision-making of the group.