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The most comprehensive financial reporting solution
Standardize and automate consolidated financial statement preparation per accounting standards.
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Financial Statement Consolidation Process – FPT CFS
The solution enables enterprises to standardize and automate 99% of the consolidated financial statement preparation process, ensuring high accuracy and stability, with easy data retrieval and export capabilities.
1. Open Period
2. Carry Forward Balances
3. Declare Exchange Rates
4. Update Consolidation Scope
5. Supplemental Declaration
1. Data Aggregation
2. Automated Calculations
3. Intercompany Transactions
4. Currency Adjustments
5. Verification
1. Report Conversion
2. Variance Adjustments
3. Adj Journal Entries
4. Unrealized Profits Confirmation
5. Verification
1. Goodwill Allocation
2. Goodwill Adjustments
3. Eliminate Intercompany Transactions
4. Equity Investments Consolidation
5. Journal Entries
6. Intercompany Profits Recognition
7. Necessary Calculations
8. Verification
1. Balance Sheet
2. P&L Statement
3. Cash Flow
4. Notes
5. Supplemental Information
6. Final Cross-check
7. Close Period
Custom initialization based on business needs
Consolidated Reporting Data Preparation
Standardize consolidation methods and processes, allowing customization of specific business transactions.
Integrate and synchronize data from accounting software sources.
Set up and manage the data synchronization process.
Aggregate source trial balance data.
Identify intercompany transactions.
Identify intercompany receivables/payables.
Consolidation processing workflow.
Standardization of Consolidated Reporting Data
Automatically reconcile and process intercompany transactions and balances.
Consolidation Adjustments
Allow the recognition of value differences between accounting standards, creating consolidation adjustment entries across multiple standards (VAS, IFRS, etc.).
Intercompany Transactions and Balances
Investment Consolidation
Acquisition Wizard
Consolidation Adjustment Entries
Consolidation of Related Parties and Associates
Provisions & Reserves
Automatic Calculations
Consolidation Process Control
Consolidated Report Extraction
FPT CFS supports the extraction of consolidated reports and disclosures at all company levels, offering diverse presentation formats and flexible data retrieval capabilities.
Consolidated Balance Sheet Report Extraction
Consolidated Profit and Loss Statement (PnL) Extraction
Consolidated Cash Flow Report (CF) Extraction
Consolidated Financial Notes Report Extraction
Report Template Management and Printing Features
New Modules of FPT CFS Solution
New modules will be added to enhance the efficiency of financial statement consolidation for enterprises.
Corporate Tax Management
Automates the calculation process for corporate income tax, value-added tax, and other types of taxes, minimizing errors and saving time. Continuously updates changes in tax regulations to ensure compliance. Supports the preparation of tax reports quickly, accurately, and comprehensively as required by tax authorities.
Mergers and Acquisitions
Supports the Mergers and Acquisitions (M&A) process from planning to transaction completion, including business valuation, negotiation, contract signing, financial statement consolidation, etc. Provides specialized tools and in-depth reports to enable enterprises to make informed decisions in M&A activities.
Liquidity Risk Management
Provides tools for cash flow forecasting, financial planning, and fundraising to ensure sufficient liquidity for settling due obligations. Assists enterprises in identifying, evaluating, and managing liquidity risks effectively, enabling timely financial decisions to mitigate risks and improve liquidity.
Corporate Tax Management
Automates the calculation process for corporate income tax, value-added tax, and other types of taxes, minimizing errors and saving time. Continuously updates changes in tax regulations to ensure compliance. Supports the preparation of tax reports quickly, accurately, and comprehensively as required by tax authorities.
Mergers and Acquisitions
Supports the Mergers and Acquisitions (M&A) process from planning to transaction completion, including business valuation, negotiation, contract signing, financial statement consolidation, etc. Provides specialized tools and in-depth reports to enable enterprises to make informed decisions in M&A activities.
Liquidity Risk Management
Provides tools for cash flow forecasting, financial planning, and fundraising to ensure sufficient liquidity for settling due obligations. Assists enterprises in identifying, evaluating, and managing liquidity risks effectively, enabling timely financial decisions to mitigate risks and improve liquidity.