Asset Management: The Use Of Consolidated Working Papers

In practical work, I used a consolidated working paper developed by a large accounting firm. It is a EXECEL data system consisting of a set of formulas. It will give a lot of suggestive information to assist in the preparation of consolidated accounting statements. There are three main characteristics.

(1) the data of the consolidated working papers are derived from the trial balance of the single parent companies and the subsidiary companies. The contents and format of the trial balance sheets of the parent and subsidiary companies are exactly the same, but only on the basis of the trial balance of the parent company.

The adjustment of entries by the equity method has resulted in the parent company's remittance table. When the trial balance data of each parent or subsidiary company needs to be modified or corrected, the consolidated working paper will relink the data through data updating.

(2) the compilation principle of this consolidated work manuscript does not need to be re consolidated for the previous period and the previous year. Only the number of last year and the preceding period should be included in the consolidated balance sheet, the combined profit and profit distribution table, the consolidated number of cash flow statements and the previous items. If the consolidated statements are compiled correctly, the key items to be checked are whether the undistributed profits at the end of the previous period are equal to the undistributed profits at the beginning of the current period. This is very important. Whether the consolidated accounting statements are compiled correctly or not is usually the key to solve this problem, that is, to solve the problem of continuous compilation of consolidated statements.

(3) the compilation of consolidated statements is mainly combined with the balance sheet, the consolidated profit and profit distribution table and the consolidated cash flow statement, while the consolidated owner's equity change table does not require the merger process.

The contents of the consolidated profit and profit distribution table have not been distributed from the net profit of the profit statement to the end of the profit distribution table. The consolidated balance sheet and the consolidated owner's equity change table have been well connected.

stay

After the completion of the accounting statements, the notes to the consolidated statements can be prepared.

In practice, there are various working notes for the compilation of notes, but the actual application results are not ideal. Inadvertent errors will occur. The reasons for finding errors will be extremely time-consuming and exhausting. After careful consideration and repeated practice, the compilation of the notes for consolidated statements is not much skill after the consolidated accounting statements are confirmed.

In short, the compilation principles and procedures of consolidated financial statement annotations should not be too complicated and obscure. They should be simple and clear and reflect the addition process of annotations in individual reports, instead of simplicating and summarizing the process of simplex summarization.

The most accurate and quick way of compiling is based on the requirements of the combined annotations format (usually WORD version). First, the parent and subsidiary company's report forms are unified. Then, the contents of the individual report forms are copied and pasted into an independent EXCEL form. An accounting report item is set up on a separate worksheet.

On the basis of the total amount of the remittance, minus the combined offset number, the number of notes in the consolidated statements can be obtained.

If monomer appears

When the data is changed, it is necessary to modify the contents of the corresponding monomer report, and the number of combined notes will be amended accordingly.

For individual items that do not need to be aggregated, such as interchanges, long term equity investments, equity subjects, etc., a direct analysis can be completed.

The notes to the consolidated statements can be checked with the formula of the consolidated statements, so as to further ensure the accuracy of the combined notes.

Finally, the completed merge notes are copied and pasted into the notes of the consolidated version of the WORD version.

Listed companies, state owned enterprises, private enterprises and other enterprises have different requirements for the annotations of accounting statements, but the principles and process of compilation are basically the same.