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The accounting concepts behind group reporting, explained with worked examples.

• Intercompany eliminations

  What gets eliminated on consolidation, with worked examples.

• Intercompany reconciliation

  How to make intercompany balances agree before you consolidate.

• Consolidated financial statements example

  A worked group P&L and balance sheet for a three-company group.

• Combined vs consolidated financial statements

  The difference, when each is used, and how they're prepared.

• What are management accounts?

  What management accounts are, what goes in them, and how they differ from statutory accounts.