More and more enterprises are operating globally. They set up subsidiaries abroad to open new markets and to satisfy the needs of local customers. While being a global enterprise provides a lot of benefits, it has complexities too. One such complexity involved in global or large enterprises is the ‘Financial Consolidation process.’
Before going further, let us first understand
What is Financial Consolidation?
Financial Consolidation is the method of integrating financial data within an entity, typically for reporting purposes, from various departments or business organizations. This process involves impo...