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Why is financial consolidation necessary for multi-companies?
PostedJune 5, 2023
UpdatedJune 5, 2023
ByDigitalopers
Financial consolidation is essential for several reasons. Some of these include:
- Accurate forecasting and strategic mapping of company goals
- Aligning entities based on key performance metrics
- Compliance with accounting standards ASC 810 and IFRS 10
- Ability to get an accurate picture of overall company health
- Convincing stakeholders to make strategic investments