Preparing consolidated financial statements

Small and medium-sized companies often lack the capacity and expertise needed to prepare consolidated financial statements. The reasons why companies might have to prepare consolidated financial statements for the first time are many and varied:

  • Company growth and first-time exceeding of the quantitative thresholds set out in § 293 of the German Commercial Code (HGB)
  • Lending banks impose an obligation to prepare consolidated financial statements
  • Voluntary preparation of consolidated financial statements at the request of shareholders
  • Preparation of consolidated financial statements required at short notice

ecospect GmbH can support you

  • On the one hand in preparing consolidated financial statements to enable any bottlenecks to be remedied at short notice and
  • On the other hand in selecting and introducing professional consolidation software