02 — Capability · BC-210.30
Intercompany & Consolidation
Combine the results of every legal entity into one set of group figures, with transactions between entities matched and eliminated rather than double-counted.
- Group Accounting
- Entity Consolidation
In scope
- Intercompany billing and settlement
- Elimination of intra-group balances
- Currency translation and minority interests
Out of scope
- Transfer pricing policy for tax purposes (see BC-240)
Realized by · 2
Used in · 2
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 4
- BC-210.30.10Intercompany TransactionsRecord charges between group entities so both sides book the same amount in the same period and settle on agreed terms.
- BC-210.30.20Intercompany Matching & EliminationReconcile intra-group balances across entities and remove them from the consolidated view, with disputes resolved before the close.
- BC-210.30.30Currency TranslationConvert entity results reported in other currencies into the group reporting currency and account for the translation differences.
- BC-210.30.40Group ConsolidationAggregate entity ledgers into group statements, applying ownership percentages, equity accounting and consolidation adjustments.