How to prepare consolidated financial statements
Consolidated financial statements can be prepared by creating:
1. Multiple engagement files (multiple entity trial balances)
Click on the following link for guidance using this option:
How to create a consolidation hierarchy
2. A standalone engagement file (single consolidated trial balance)
To prepare consolidated financial statements within a standalone file:
Click on the Entity and reporting information optimiser.
The financial statements are not defined as consolidated by default.
Next to the question: Are these consolidated financial statements? untick the
default selection No.
Click the Yes button.
Import the consolidated trial balance into the engagement file
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