Fully Automated Consolidation

Find out how to prepare consolidated financial statements in our consolidation training.

You will prepare the financial statements for two years yourself in a group example. You will become familiar with the characteristics to be taken into account at foreign currency companies.

For this purpose, you will obtain valuable tips from our experts, in particular to clarify differences in the consolidation. You will find out how simple it can be to prepare consolidated financial statements - even over several years.

From the Content

• You perform a purchase price allocation (PPA).
• You perform app-supported equity elimination as well as elimination of intercompany debt, of intercompany income and expense, and of intercompany profit and loss in current assets.
• You translate the equity of a foreign currency company using historical exchange rates.
• You use the status and other automated reports to resolve differences during consolidation.
• You check the plausibility of the consolidated financial statements using appropriate views.

Your Benefits

• You will learn how automated, app-supported consolidated financial statement preparation works.
• You will prepare your own consolidated financial statements for two years based on an exemplary group of companies.
• You will learn about the specifics that need to be considered for foreign currency companies.
• You will receive valuable tips from our experts, especially on how to clarify differences during consolidation.
• You will discover how easy it can be to prepare consolidated financial statements - even over several years.

Target Group

• This basic training course will give you an initial insight into how the fully automated preparation of consolidated financial statements works in Lucanet Consolidation and Financial Planning. You will be able to create consolidated financial statements yourself.
• The course is suitable for refreshing your basic knowledge and training new employees.
• To take part in this training course, you must already have some experience of using Lucanet Consolidation and Financial Planning or have taken part in our online training course Consolidation and Financial Planning Fundamentals.

Organizational Information

• The registration and cancellation deadlines are 14 days each before the live training session starts.
• Upcoming sessions can be viewed and selected (subject to availability) via the Select Sessions button on the right below this course description.
• This course consists of two sessions. The second session is chained to the first session. When you select the first session, you are automatically enrolled to the second session for your convenience.