Consolidated financial statements are comprehensive reports that combine the financial data of a parent company and its subsidiaries, presenting them as if they belong to a single enterprise. These reports offer a complete overview of the entire group’s financial performance, making them crucial for stakeholders, including investors, managers, and regulators.

Who Needs to Prepare Consolidated Financial Statements?

  • Parent Companies holding over 50% of the voting rights in their subsidiaries, either directly or indirectly.
  • State-Owned Corporations that operate with subsidiary structures, as required by accounting laws.
  • Other Entities mandated by the Securities Law and applicable regulations.

Why Are Consolidated Financial Statements Important?

Consolidated financial statements provide a holistic view of a company’s business performance and cash flow during the accounting period. These reports enable stakeholders, particularly investors, to make informed decisions about the business’s management, operations, and future investments.

KMC’s Comprehensive Consolidated Financial Statement Services

At KMC, we understand that preparing consolidated financial statements can be complex. Our team of seasoned experts is here to help your company navigate these challenges effectively. We offer the following services:

  • Document and Data Advisory We advise your company on the necessary documents and data required for preparing consolidated financial statements.
  • Internal Transactions Review We collect and assess the group’s policies and internal transactions to ensure accuracy and compliance.
  • Adjustment and Conversion We create a detailed list of required adjustments for converting the financial statements of all companies in the group into a consolidated format.
  • Consolidated Financial Statement Preparation We handle the entire process of preparing consolidated financial statements in accordance with Vietnamese Accounting Standards (VAS) and International Financial Reporting Standards (IFRS).
  • Review and Approval We send the consolidated reports to your company for review and approval, ensuring everything aligns with your business objectives and regulatory requirements.
  • Responsive Query Resolution We provide prompt and thorough responses to any questions or concerns regarding the consolidated financial statements.
  • E-Invoice Registration Assistance We provide guidance on registering and using e-invoices, a critical component in today’s digital economy.
  • Bank Account Number Submission to the Department of Planning and Investment We assist in submitting your company’s bank account details to the relevant authorities, ensuring full compliance with regulatory requirements.

Why Choose KMC for Your Consolidated Financial Statement Needs?

KMC is committed to excellence in financial reporting. With our deep expertise in both VAS and IFRS standards, we deliver consolidated financial statements that not only meet regulatory requirements but also support your company’s long-term growth and development. Our experienced team ensures that your financial reports are accurate, timely, and aligned with your strategic objectives.

Contact KMC today to learn more about how our consolidated financial statement services can enhance your company’s financial transparency and performance!

Other Services

Accounting Advisory

KMC provide professional initial accounting and tax registration services, you shall not bother about issues related to tax and accounting after post license. Our team with high expertise and many years experiences will support and accompany you.

Taxation Advisory

Our tax services rely on our local knowledge to ensure tax compliance, tax administration and dealing with tax authorities. We assist you by taking into account the latest regulations thus ensuring full tax compliance and optimization.

Business Advisory

KMC believes in an approach to our client, as we familiarize ourselves with all aspects of your business and the environment in which you operate, it enables us to propose you the most appropriate plan at a competitive service fee.

Mergers and Acquisitions (M&A) Advisory

Our global network in combination with our deep industry knowledge means that we can help companies identify other businesses that offer a good strategic fit and assist them with acquisitions, mergers and alliances that allow them to maintain and build their competitive advantage.

Transfer Pricing Advisory

Transfer pricing refers to the rules and methods for pricing transactions between related entities, typically within multinational companies. Currently, regulations on compliance of transfer pricing are very complexly and strictly.

Annual Consulting Services

KMC has the expertise with experienced resources, including lawyers, auditors, accountants who have many years of experiences working in the investment, accounting, taxation and labour consulting fields.

Other Services

Besides Accounting, Taxation, Business Services, etc. KMC also has efforts to provide other services to Clients related to business activities of the enterprises in Vietnam.