u/Embarrassed_Flight45

I’m wondering, especially for big companies with hundreds of subsidiaries, what kind of deliverables you prepare for the budget each year. Do you prepare financial statements (P&L, Balance Sheet and Cash Flow) per subsidiary and then a consolidated view including financial consolidation adjustments? Would be interesting to know that, how many subsidiaries you forecast and the size of the FP&A team, also which systems are being used.

Just want to know what’s being done out there. We prepare consolidated financial statements projected using revenue, capex etc by subsidiary (200 subsidiaries aprox), but not individual financial statements. We mostly use excel.