What is the Financial Consolidation Process in the Accounting World?
Planful
JUNE 22, 2017
Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. GAAP or International Financial Reporting Standards (IFRS). Financial accounting rules generally define a controlling stake as between 20% and 50% of a company.
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