CONSOLIDATED ACCOUNTING SERVICE
The items listed companies are required to disclose under the current quarterly reporting system generally come under the heading of “simplified”; however, disclosure within 45 days of the end of the quarter is required.
In addition, the disclosed quarterly financial statements must be approved by an auditing firm. This means that all financial closing and auditing, which previously had to be completed “within three months,” must now be completed within 45 days.
To reduce the high load this imposes on listed companies, we provide support for the disclosure of consolidated financial results ranging from preparing consolidated settlement sheets to preparing disclosure materials such as annual securities reports.
Our Strengths
The primary goal of our consolidated closing services is the production of a consolidated settlement statement. In this respect, we not only provide advice on what to do but also assist in preparing a consolidated closing schedule and consolidated package, operating the accounting systems of the parent company and subsidiaries, and gathering the necessary documents.
In the area of preparing disclosure documentation, we provide practical support in producing securities reports, semi-annual reports, financial statements, and other disclosure documents. To meet the stricter auditing standards imposed in recent years, we also provide practical support in preparing the accounting documents required for an audit (such as scheduling of recoverability of deferred tax assets, determination of indications of impairment, and evaluation of investments and loans).
Tokyo Financial Group’s professionals, with their extensive experience of actual consolidated financial closure and preparation of disclosure documents, are able to provide on-site support.
Consolidated Accounting Service Features
- Support in quarterly closing of the books (consolidated settlement statement, consolidated package, and the like)
- Support in preparing consolidated financial statements
- Support in preparing securities reports and semi-annual reports
- Support in preparing financial results
- Support in preparing business reports
Cases We Can Help With
- Companies planning to go public in the future
- Companies preparing financial statements and annual securities reports for the first time in accordance with the Companies Act
- Companies required to file annual securities reports
- Companies needing assistance with consolidated financial statements because of a shortage of personnel to deal with quarterly closing of the books
- Companies wishing to outsource disclosure materials because of a shortage of personnel
Inquiries about consolidated accounting services
Feel free to contact us if you have any questions about our support services for consolidated financial statements. All inquiries are treated in the strictest confidence.
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