FAS compliance checklist
Review this checklist before signing off on each consolidation period:
Checklist item |
Responsible |
|---|---|
Full consolidation applied for all controlled subsidiaries |
Group consolidation team |
Equity method applied for all associates |
Group consolidation team |
Proportional consolidation applied for joint ventures (where elected) |
Group consolidation team |
P&L accounts translated at AVG (RATETYPE = AVG) |
System administrator |
Balance sheet accounts translated at END (RATETYPE = END) |
System administrator |
Equity accounts translated at HISTAVG — not opening rate |
System administrator |
Muuntoero posted within equity (not OCI) |
Group consolidation team |
Goodwill amortized over agreed useful life |
Group consolidation team |
Negative goodwill / negative difference treatment confirmed |
Group consolidation team |
All three IC elimination steps completed (debt, intra-group profit, income/expense) |
Group consolidation team |
NCI (Vähemmistöosuus) calculation reviewed |
Group consolidation team |
Deferred tax on PPA posted |
Group consolidation team |
Consolidated balance sheet passes control check |
Group consolidation team |
Consolidated P&L passes control check |
Group consolidation team |
Finance controller has formally approved consolidated statements |
Finance controller |