Consolidated Accounts Preparation London

Consolidated Accounts Preparation

Expert consolidated accounts preparation. Preparation of consolidated financial statements for groups of companies, including elimination of intercompany transactions, consolidation adjustments, and preparation of group accounts in accordance with UK GAAP (FRS 102) or IFRS. We handle complex group structures, including multi-level consolidations and joint venture accounting.

What are Consolidated Accounts?

Consolidated accounts combine the financial statements of a parent company and its subsidiaries into a single set of group accounts:

• Group Reporting: Present the group as a single economic entity
• Elimination of Intercompany Transactions: Remove transactions between group companies
• Consolidation Adjustments: Apply consolidation adjustments for fair value, goodwill, and other items
• Regulatory Compliance: Meet Companies Act and accounting standard requirements

Consolidated Accounts Preparation Services

• Group Accounts Preparation: Complete preparation of consolidated group accounts
• Intercompany Elimination: Elimination of intercompany transactions and balances
• Consolidation Adjustments: Application of consolidation adjustments including fair value adjustments, goodwill, and other items
• Multi-Level Consolidation: Consolidation of complex group structures with multiple levels
• Joint Venture Accounting: Accounting for joint ventures and associates
• Group Cash Flow Statements: Preparation of consolidated cash flow statements

Accounting Standards

We prepare consolidated accounts in accordance with:

• FRS 102 (UK GAAP): FRS 102 consolidation requirements for UK GAAP groups
• IFRS: IFRS 10 (Consolidated Financial Statements) and related IFRS standards for IFRS groups
• FRS 101: Reduced disclosure framework for subsidiaries of IFRS groups

Consolidation Process

Our consolidation process ensures accuracy and compliance:

1. Individual Accounts: Prepare individual accounts for each group company
2. Intercompany Reconciliation: Reconcile intercompany transactions and balances
3. Consolidation Adjustments: Apply consolidation adjustments including fair value, goodwill, and other items
4. Consolidation: Combine individual accounts into consolidated group accounts
5. Review and Validation: Review consolidated accounts for accuracy and compliance
6. Filing: Prepare consolidated accounts for Companies House filing

Complex Group Structures

We handle complex group structures including:

• Multi-Level Groups: Groups with multiple levels of subsidiaries
• International Groups: Groups with UK and overseas subsidiaries
• Joint Ventures: Groups with joint ventures and associates
• Mixed Accounting Standards: Groups with subsidiaries reporting under different accounting standards

Why Choose Acumon for Consolidated Accounts?

• Extensive experience in consolidated accounts preparation for complex groups
• Expert knowledge of FRS 102 and IFRS consolidation requirements
• Efficient consolidation process handling complex group structures
• Accurate intercompany elimination and consolidation adjustments
• Clear, transparent reporting tailored to group stakeholders
• Ongoing support and advice on consolidation matters

Integration with Other Services

Our consolidated accounts preparation services integrate seamlessly with our other services:

• Group Audit Services - Consolidated audits for groups
• IFRS Accounts Preparation - IFRS consolidation for IFRS groups
• FRS 102 Accounts Preparation - FRS 102 consolidation for UK GAAP groups
• UK Subsidiary Audits - Audits for UK subsidiaries of international groups