Parent companies acc. to 290 HGB are obliged to prepare an consolidated financial statement if the affiliated companies have a shared management or if it can exert a dominating influence on the subsidiary.
A consolidated financial statement also consists of the consolidated annual financial statements of all companies that have a shared management. Thus the group of companies is represented as if it would be one company in the legal sense.
When preparing the consolidated financial statements several rules of national, possibly also international accounting standards have to be observed.
Because of our many years of experience we can offer you tailor-made solutions for your group of companies.
Our consulting service ranges from the solution of individual issues to a complete preparation of a consolidated financial statement.