本文发表在 rolia.net 枫下论坛职位. 主要职责是Consolidation, Intercompany-reconciliation, Prepare note disclosure.
This position requires strong technical accounting skills, and experience with multi-divisional financial statements, preferably for a public company.
The monthly, quarterly and annual requirements of this NEW position are to:
- Prepare consolidated external financial statements
- Prepare inter-company reconciliation and take appropriate actions
- Provide analysis/support/communication to senior management
- Prepare/review financial statement note disclosure
Successful candidates MUST have:
- CGA,CMA,CA (preferred) or equivalent experience
- Strong knowledge of GAAP
- Experience with major ERP systems
- Advanced Excel and Access skills
Questions:
1. How complex could the consolidation process be?
2. What would be involved in the entire consolidation process?
3. Could you tell me what are recent GAAP changes specifically related to consolidation or I need to look up them all?
4. What would be involved in consolidation system maintenance?
5. What would be common issues that need to be analyzed or address in a consolidation process?
Answers:
1. For a company with complex legal organizational structure, consolidation process could be quite complicate and may involve consolidation of 100% owned subsidiaries,
less than 100% owned subsidiaries, partnership, equity investment, proportional consolidation,etc. It doesn't really tell much in the job posting. and how complicate the consolidation process could be。I would suggest that you read their quarterly and annual external FS to get a general understanding of the business, its structure, financial statement items, and notes to FS (pay attention to the notes disclosures
as you will be assist in preparing them).
2.
- Consolidation reporting procedure, including recurring and non recurring consolidated journal entries
- Frequently incurred consolidation issues
- Foreign exchange issues
- Recent GAAP changes
- Consolidation system maintenance
- Intercompany transaction/balance reconciliation
- Segment reporting
- Consolidation analysis
3. When I say recent GAAP changes, I don't mean it specifically related to consolidation. As being a public company FS preparer, you have to track any changes of GAAP.
4. Consolidation system maintenance involves locking data input, global and entity exchange rate input, intercompany schedule updates, legal structure updates, period rollover, journal entries rollover,etc.
5. The biggest issues related to consolidation is the equity changes. Whenever there is an acquisition or divestiture event, a series of equity changes will incur. The treatment depends on the nature of the events, like split off, spin off, leverage buyout.更多精彩文章及讨论，请光临枫下论坛 rolia.net
This position requires strong technical accounting skills, and experience with multi-divisional financial statements, preferably for a public company.
The monthly, quarterly and annual requirements of this NEW position are to:
- Prepare consolidated external financial statements
- Prepare inter-company reconciliation and take appropriate actions
- Provide analysis/support/communication to senior management
- Prepare/review financial statement note disclosure
Successful candidates MUST have:
- CGA,CMA,CA (preferred) or equivalent experience
- Strong knowledge of GAAP
- Experience with major ERP systems
- Advanced Excel and Access skills
Questions:
1. How complex could the consolidation process be?
2. What would be involved in the entire consolidation process?
3. Could you tell me what are recent GAAP changes specifically related to consolidation or I need to look up them all?
4. What would be involved in consolidation system maintenance?
5. What would be common issues that need to be analyzed or address in a consolidation process?
Answers:
1. For a company with complex legal organizational structure, consolidation process could be quite complicate and may involve consolidation of 100% owned subsidiaries,
less than 100% owned subsidiaries, partnership, equity investment, proportional consolidation,etc. It doesn't really tell much in the job posting. and how complicate the consolidation process could be。I would suggest that you read their quarterly and annual external FS to get a general understanding of the business, its structure, financial statement items, and notes to FS (pay attention to the notes disclosures
as you will be assist in preparing them).
2.
- Consolidation reporting procedure, including recurring and non recurring consolidated journal entries
- Frequently incurred consolidation issues
- Foreign exchange issues
- Recent GAAP changes
- Consolidation system maintenance
- Intercompany transaction/balance reconciliation
- Segment reporting
- Consolidation analysis
3. When I say recent GAAP changes, I don't mean it specifically related to consolidation. As being a public company FS preparer, you have to track any changes of GAAP.
4. Consolidation system maintenance involves locking data input, global and entity exchange rate input, intercompany schedule updates, legal structure updates, period rollover, journal entries rollover,etc.
5. The biggest issues related to consolidation is the equity changes. Whenever there is an acquisition or divestiture event, a series of equity changes will incur. The treatment depends on the nature of the events, like split off, spin off, leverage buyout.更多精彩文章及讨论，请光临枫下论坛 rolia.net