Consolidated Management Statements lay out the financial situation and performance of a group of companies viewed as a single enterprise.
The consolidated management statements, unlike the statutory consolidated financial statements, have two main purposes:

  1. Responding to regulatory demands, analyzing not only financial statements but also management reports. Therefore, it’s necessary for report creators to provide of extra-accounting information (such as quantitative information on sales, production, purchases or KPI’s) and financial information along with management report in order to develop a cash flow of the business dimensions (ex. products, sales channels, operating divisions or other).
  2. Frequently analyze the data (monthly or quarterly) in advance of financial statement closing. For this reason, it’s necessary to consolidate the financial statements quickly and integrate data with manual adjustments.
Discover how CCH Tagetik Performance Management Software delivers:
Consolidation & Close
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