Easier consolidated financial statements

Primavista-Consolidated Financial Statements is an industry-independent system for processing consolidated financial statements, interim financial statements and corresponding monthly reports in accordance with the rules of external accounting developed for international group companies.

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Flinty expertise in consolidated financial statements

Primavista Consolidated Financial Statements with international group companies developed separately from the industry in compliance with external accounting rules system for processing consolidated financial statements, interim financial statements and corresponding monthly reports for group accounting experts. It substantially simplifies the preparation of consolidated financial statements.

Primavista Consolidated Financial Statements is a ready-to-use entity – only customer data is missing.

The Primavista Consolidated Financial Statements include all the functions required for the preparation of the consolidated financial statements, including the processing of acquisition data, the calculation of minority interests, the treatment of internal transactions and margins, the calculation of depreciation of Group assets / liabilities and currency treatment. The consolidated financial statements system can be used to prepare official consolidated financial statements with interim financial statements and also monthly reporting. The system makes it possible to prepare interim financial statements at the desired frequency, for example every month.

In addition to the tool for the authors of consolidated financial statements, the software has two modules with limited functions:

Input decentralize-module to outsource data entry to subgroups and to each subsidiary
KTP Reporting-module for those who need the information already completed

The Primavista system can be used to implement financial statements in accordance with both FAS and IFRS accounting policies in parallel. The information content of the system is built entirely according to the customer’s own chart of accounts and needs. The consolidated financial statements system also does not require that the various companies in the group have a uniform chart of accounts. The conversion of different charts into a common one can be taken into account during the implementation phase.

Primavista significantly simplifies consolidated accounting (consolidated financial statements, interim financial statements and corresponding monthly reports); the software includes ready-to-use data calculation rules as well as rules for collecting, processing and allocating eliminations of internal business transactions, as well as official printouts, including the acquisition cost calculation, cash flow statement and receipts for repair exports made to the auditor. The software compiles and groups the adjustments made, eventually assigning them to the breakdown columns in the gross-net report for both earnings and balance sheet data. As the aggregation and targeting of elimination events is not left to the user but to the system, the audit trail requirement is fully implemented and the user is not required to have a complete knowledge of the code. The system adapts conveniently to organizational changes and is also easy to work with large data sets. The software also includes clear management functions that allow maintenance to be performed in the hands of experts.

Key benefits

Primavista creates a clear and manual-saving solution for the preparation of consolidated financial statements.

  • Genuine off-the-shelf software that executes consolidated financial statements with minimal manual work; an efficient and time-saving process, only customer group data is missing
  • The alignment and calculation rules as well as the official printouts are programmed into the system, so the authors are not required to have a thorough knowledge of the rules; reduce personal attachment
  • A repetitive, standard content process emerges; permanent rules, the same process and the same printouts
  • A seamless, history-wide audit trail
  • As the amount of handicrafts is significantly reduced, it is also convenient to make interim financial statements and reporting on a monthly basis
  • Lightweight and flexible integration with data source systems, so no fixed interconnections between systems
Proseduuri Oy

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