Field notes
Notes from consolidation fieldwork
Short articles on elimination pitfalls, FX translation, and planning a group close in Taiwan.
When unrealised profit in inventory quietly inflates group margin
How unfinished goods sold between subsidiaries leave profit in ending inventory — and why consolidation teams miss it under time pressure.
Building a consolidation close calendar that people actually follow
Assign owners to FX rates, elimination entries, and component packs — then protect two buffer days before the board pack lock.
Foreign-currency translation vs. transaction gains — keep them apart
CTA from translating foreign subsidiaries is not the same as transaction gains on foreign-currency invoices — mixing them confuses the consolidation.
What group instructions should tell a component auditor
Materiality, significant risks, and reporting deadlines — the three sections that prevent component packs arriving incomplete.