Introducing consolidated statement system under IFRS – Taking Company X as an example.

• Main Authors: Tsai,Ya-Ching, 蔡亞晴
• Other Authors: Shaio Yan Huang
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/c3k8g8

碩士 === 國立中正大學 === 會計資訊與法律數位學習碩士在職專班 === 104 === Most of companies rely on human efforts to use Excel to establish consolidated statements before the adoption of IFRS in 2013. However, the need to introduce the system to assist in consolidating financial statements is urgent and necessary. The research is motivated to investigate how to solve the challenges and build an automatic system to consolidate financial statements when facing the challenges from time, quality, changes and costs under IFRS adoption. The research uses the case study to investigate how companies adopting Hyperion system introduces the Oracle consolidated statement system to save costs and improve time efficiency and quality. Furthermore, the research discusses eight key issues including creating the ledger, establishing the chart of accounts, defining accounting segment values, setting multiple ledgers transfer rule, transferring data and posting consolidation journals, eliminating entries, reporting and analyzing reports, and translating the multi-currency accounting report. The result shows that the group company can not only improve and solve the practical issues of consolidated statements but also achieve great benefits of information and management by introducing the consolidated system. To assist enterprises satisfy the IFRS requirements, this research suggests that future researches can further discuss how companies improve self-consolidating statements ability and the establishment the internal control process of the consolidated statement system. Keywords: Consolidated statements, Consolidated statement system, IFRS