Consolidation Accounts Services in Singapore

For major multinational corporations, consolidating financial statements is essential for accurately portraying financial results to investors and stakeholders. A consolidated financial statement provides a comprehensive overview of all related entities, reflecting the overall financial health of the corporate group.

When a parent company acquires shares in another business to form a subsidiary, the subsidiary maintains its own accounting records. However, it is under the control of the parent company and does not operate independently. Therefore, the parent company consolidates financial statements to present a complete picture of its financial operations alongside those of the subsidiary.

At Pointer Services, we recognize that every business has unique needs. Reach out to us to learn how we can assist you in consolidating your accounts while ensuring compliance with Singapore Financial Reporting Standards.