Consolidation

Consolidation is meant to provide the users with information on the operating and financial position of a group of undertakings included in the process.

Consolidations are accessed via Financials | Special reports | Consolidation.

HINT Key settings can be defined in the Administration Panel under Settings | Company | Affiliated Companies. In order to prepare a consolidated balance sheet, it is necessary to have a document type created.

When you select Consolidation, you will in principle be presented with a single document type for the preparation of the consolidation reports.

HINT Consolidated financial statements are a set of financial statements of individual undertakings that have been brought together in a business combination and which present the assets, financial position and profit or loss of the undertakings concerned as if they were a single undertaking, even though they are still legally, fiscally and organisationally separate economic entities. Read more in IFRS 10.

This form is described below:

WARNING Consolidated report can be used for standard consolidation and/or external reporting (in external chart of accounts).

1. Toolbar : The toolbar is found on each PANTHEON form at the top of the program window. 
2. Header: In the header, the document number is created, we set period for consolidated statement etc.
3. The consolidation data is organized in several tabs:

• Company
• Separate Figures
• Consolidated Figures
• XBRL Settings
• Errors

4. The consolidation parameters are organized in several tabs:

• General
• Data import
• Outstanding items
• XBRL