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Survey: Consolidation and Reporting Functions in European Multinational Enterprises

PublisherIBM
Format532.9KB PDF, requires Acrobat Rdr 5Date added15 Apr 2002
Topics Financial Management
Downloads67

This survey of Group Reporting processes and systems in European multi-nationals presented in this paper has proved to be very timely. Prior to the second half of 2001 the corporate centres of European corporations were already facing a number of heavy demands, for example the pressure for additional information caused by the recessionary environment, preparation for harmonisation of reporting under International Accounting Standards (IAS) from 2005 and market moves in a number of key countries to report externally on a quarterly basis. After the tragic events of September 2001 and subsequent corporate shockwaves such as Enron this pressure has grown to unprecedented levels.

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