MULTI-CURRENCY FINANCIAL CONSOLIDATION

摘要

An electronic multinational consolidation system and method of combining and translating financial data by automatically applying the correct exchange rate based on predetermined accounting rules to each required general ledger, providing mapping tools to assure consistency across various general ledgers and, hence, accurate financial reporting and allowing for historical corrections to be made and brought forward to the current financial period.

主权项

1. A method for producing a consolidated financial statement, comprising:
setting up relationships among entities in a consolidation company; mapping a chart of accounts from the entities to the consolidation company; receiving information associated with each of the entities; and consolidating the information.