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HOW TO AVOID MISTAKES
COMMUNITIES IN THE CALCULATION OF
MINORITY INTERESTS?
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The best solution for your needs
As a finance professional, you have probably experienced how a small change in minority interest can be a problem in the preparation of your financial reports.
If a change in minority interest is not accounted for correctly and does not follow your group structure, this could lead to incorrect results in the management report.
If you think, “Well, I don’t care what the detailed result is in my monthly report, because the equity will be correct, and that’s the most important thing.”
So remember, when preparing your consolidated annual report, having both the correct equity and the correct minority interest result will make the process much easier, save you time, and avoid the task of reviewing each minority interest to make sure everything is correct.
This guide looks at the most common errors we see when accounting for changes in minority interest and explains how you can avoid incorrect figures in your income statement, making your job easier as you approach the end of the accounting year.
Is your FP&A software up to par?
SAP’s end of support for SAP BFC is fast approaching, making decision-making crucial for users of this platform. The good news is that there are alternatives that can significantly optimize your consolidation process. Find out how by clicking here.
Maximize the full potential of your FP&A strategy
The role of FP&A has evolved from simple budgeting and reporting to an essential strategic function in defining the direction of the business.
Today, finance teams must deliver actionable insights, adapt to changing markets, and drive value across the organization. Having a comprehensive solution that addresses the challenges of the organization has never been more important.
Critical Questions
Some SAP BFC users are hesitant to replace their solution until the end-of-life date approaches. But can you afford to wait? We’ve identified three critical questions that SAP BFC users should ask themselves to determine when to make the transition.
Options to Move Forward
There are several different options for replacing BFC, but not all are created equal. We’ll review your options so you can select the best approach to select the best solution for your organization.
What should you look for with Replacement?
It’s been years since BFC users explored new consolidation software – and technology has changed. We look at the features and capabilities you should look for in a new solution.
How can CCH® Tagetik help?
CCH® Tagetik Financial Close and Consolidation is a solution designed to simplify complex consolidation processes. Learn why it is the perfect replacement for SAP BFC and will elevate your consolidation process in the future.
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fast and… will never be so slow"
This partnership strengthens our mission to offer accessible and innovative tools that allow companies to digitalize processes without the need for technical knowledge or specialized IT teams. Because we believe that innovation should be within everyone's reach! 💡
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