Consolidation of Financial Statements for Corporate Groups

The service involves the end-to-end preparation of consolidated financial statements for corporate groups in accordance with applicable accounting and reporting standards. It encompasses the aggregation and elimination of intra-group transactions, alignment of accounting policies, and harmonization of reporting processes across all entities within the group. The objective is to deliver a transparent, compliant, and decision-useful view of the group’s financial position and performance for stakeholders and regulatory bodies. Submit a request

Holistic Consolidation of Financial Statements for Danish Corporate Groups

In the Danish corporate environment, characterized by a strong emphasis on transparency and stakeholder trust, the consolidation of financial statements for corporate groups is no longer perceived as a purely technical accounting exercise. Read more.

Case study

Financial clarity for a global manufacturer

The story begins with a diversified industrial manufacturer operating production plants in five European countries and one facility in North America. The group had grown ...More +

Retail group consolidation that drives growth

A regional retail chain specializing in consumer electronics had expanded aggressively over a decade, acquiring smaller competitors and opening new stores in three neighb...More +

Tech holding consolidation for investor trust

A technology holding company investing in software-as-a-service startups across Europe and North America faced a pivotal moment. The portfolio had grown to more than a do...More +

Food producer consolidation for stable expansion

A multinational food producer with operations in processing, packaging and distribution across several continents faced increasing complexity. Raw material prices were vo...More +

What we provide

Group Mapping

We identify the scope of the group, map all subsidiaries and associates, and determine which entities are subject to full, proportional, or equity consolidation.

Policy Alignment

We review and harmonize accounting policies across all group entities to ensure consistent recognition, measurement, and presentation in the consolidated financial statements.

Data Collection

We design and operate standardized reporting packages and data flows that allow local entities to submit complete, accurate, and timely financial information for consolidation.

Adjustments Standardization

We prepare and automate consolidation adjustments, including eliminations of intercompany balances, transactions, unrealized profits, and internal dividends.

Ownership Accounting

We calculate and record non-controlling interests, changes in ownership, step acquisitions, and disposals in line with applicable financial reporting frameworks.

Complex Transactions

We support the accounting and consolidation of complex structures and events such as mergers, carve-outs, restructurings, and cross-border reorganizations.

Reporting Delivery

We produce consolidated financial statements, management reports, and disclosure notes that meet regulatory requirements and the information needs of stakeholders.

Process Optimization

We implement and enhance consolidation systems, controls, and closing calendars to shorten the reporting cycle and improve the quality and reliability of group reporting.

Consolidation of Financial Statements as a Lever for Sustainable Development

Consolidation of financial statements for corporate groups, when designed and implemented by a consulting firm with a sustainability mindset, becomes a powerful tool for steering entire business ecosystems toward a low‑carbon and socially responsible...

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How can we support you?

Support is provided to corporate groups in designing, running, and optimizing end‑to‑end consolidation of financial statements, from data collection at subsidiary level to delivery of compliant group reports. The service covers both technical IFRS/GAAP issues and the practical challenges of systems, controls, and tight reporting deadlines faced by complex groups.

Design and optimization of the group consolidation model

Radner helps define a clear and robust consolidation framework tailored to the structure and strategy of the group. This includes mapping entities, ownership structures, and consolidation methods, as well as defining reporting packages and materiality thresholds. Particular attention is paid to intercompany flows, non‑controlling interests, and special‑purpose entities to ensure that the group perimeter is complete and accurate. Policies for foreign currency translation, goodwill, and business combinations are aligned with applicable standards and industry practice. The target operating model for consolidation is designed to balance control, speed, and flexibility, enabling management to obtain reliable group figures on time. As a result, the consolidation process becomes more predictable, transparent, and easier to explain to auditors and stakeholders.

Technical support on IFRS, local GAAP, and complex consolidation adjustments

Support is provided in interpreting and applying IFRS and relevant local GAAP requirements to group reporting. This covers complex areas such as business combinations, step acquisitions, loss of control, joint arrangements, and associates. Assistance is also offered in designing and reviewing consolidation adjustments, including elimination of intercompany transactions, unrealized profits, and intra‑group dividends. Particular focus is placed on consistent treatment of impairment, provisions, share‑based payments, and financial instruments at group level. We help document judgments and estimates in a way that withstands scrutiny from auditors, regulators, and investors. Through this, technical accounting risk is reduced and the quality and consistency of consolidated financial statements are strengthened.

Process, controls, and timetable for fast and reliable group close

Support is provided in structuring the consolidation timetable and responsibilities so that group reporting deadlines can be met without compromising quality. Key process steps are mapped, including data collection from subsidiaries, validation, consolidation runs, and management review. Radner works with finance teams to define and implement internal controls over the consolidation process, including automated checks, reconciliations, and approval workflows. Particular attention is given to intercompany reconciliations, cut‑off procedures, and late adjustments, which are frequent sources of error and delay. Clear instructions, calendars, and communication channels are established for local finance teams to reduce rework and last‑minute surprises. As a result, the group close becomes more efficient, with fewer post‑close corrections and a more stable audit process.

Systems, tools, and data quality for group consolidation

Support is provided in selecting, configuring, or enhancing consolidation and reporting systems to match the needs of the group. This includes defining chart‑of‑accounts mappings, data models, and validation rules that ensure consistent and comparable information across entities. We help design reporting packages and input forms that are intuitive for subsidiaries while capturing all required disclosures. Particular focus is placed on data quality, including automated controls, exception reporting, and root‑cause analysis of recurring issues. Integration with ERP systems and other data sources is addressed to minimize manual work and spreadsheet risk. With a well‑configured consolidation platform, the finance function gains better control over group data, faster reporting cycles, and improved analytical capabilities for management and stakeholders.

Why choose us?

Technical mastery

We combine deep IFRS and local GAAP expertise with hands-on experience in complex group structures, including cross-border Danish corporate groups. We design consolidation models that are robust, audit-ready, and easy for your finance team to maintain and scale.

Process ownership

We take end-to-end responsibility for the consolidation cycle, from data collection and intercompany reconciliation to final group financial statements and disclosures. We build clear, documented processes and controls so your group reporting becomes faster, more predictable, and less dependent on key individuals.

Local insight

We understand the specific expectations of Danish stakeholders, auditors, and regulators, and we translate them into practical consolidation solutions. We communicate clearly with both group and local finance teams, ensuring that all entities understand and follow consistent consolidation principles.

Contact

Need more information? Contact us.