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financial consolidation vs legal consolidation

Former Member
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hi gurus

i m doing some research about consolidation over BPC NW, but i have a functional doubt, what s the difference between financial consolidation and legal consolidation??

I ve seen that those 2 types of consolidation are the most required

regards

joker

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Answers (2)

Answers (2)

Former Member
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Hi,

Usually, financial consolidation refers to management consolidation, which is basically to ensure the compliance of the financial statements as per the company's norms and policies. On the other hand, legal consolidation is to ensure the compliance with the legal accounting principles.

Hope this helps.

Former Member
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Hi,

In BPC terms there is no difference.

Consoldiation can be as detailed or high-level as you want it to be, and can cover as many or as few Consolidation aspects as you wish.

Tom.