Groups of companies in Malta are consolidated for statutory financial reporting purposes. Although a statutory requirement, consolidations provide a bird’s eye view of the financial position and performance of the group, or parts thereof, that is useful for management’s review and control. This is a process which may be cumbersome depending on the granularity and quality of information available to the group, and the complexity and user-friendliness of the consolidation model used by the finance team to aggregate the data and pass the consolidation adjustments. KPMG has the right tool for your consolidation needs – C-TRECK.
C-TRECK has all the features required to prepare ad-hoc management consolidations and to fulfil your statutory annual consolidation obligations. The main features of C-TRECK are: