Fields of interventions

Statutory consolidation, Reference 99-02, integration of foreign subsidiaries.


Context

Within an industrial group on the West facade (turnover> € 300 million), in a development of international activity, the group’s financial management wanted to outsource the statutory consolidation work. KENCE has been selected to consolidate the group.


Problematic

• Organization of file transmission and remote work,
• Treatment of changes in scope and exchange rate issues,
• Transmission of knowledge to the finance team.


Project

• Project team: 1 KENCE consultant in interaction with the accounting teams, the group finance department and the statutory auditors.
• Creation of a consolidation tool in Excel allowing to manage changes in scope and currency effects,
• Annual statutory consolidation.

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