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What is financial reporting within accounting software? What is the difference between standard and custom reports? What finance KPIs are commonly put on dashboards? How does self-service BI (e.g. Power BI) extend finance reporting?
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Accounting Software & Systems › Reporting & Dashboards

What is consolidated reporting?

Intermediate

Answer

Combining the financials of multiple entities into group statements, eliminating intercompany transactions and translating currencies.
Entity A + Entity B - intercompany sales = Group revenue
Real-world example A parent company reports group results across several subsidiaries.
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