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2nd consolidation exemption: the group has an average size

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When a parent company and its subsidiaries do not exceed, for best training Best school of accountancy In Lahore , during two consecutive financial years, two of the three thresholds, the consolidation exemption applies (but none of the companies meets the definition of an EIP - Public-interest entity i.e. not listed companies, other consolidation exemptions The last two consolidation exemptions are introduced (they are rarely encountered in practice): One concerns subsidiaries controlled exclusively or jointly, which, together and separately, represent an insignificant interest in terms of fair presentation (justifications must nevertheless be made in the appendix to the financial statements); The other, applicable to fiscal years beginning on January 1, 2016, concern the parent companies control only of companies that can be excluded from the scope of consolidation due to severe long-term restrictions hold securities for a Or for reasons for obtaining information in incomp...
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Consolidation exemptions

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Although required to prepare and publish consolidated financial statements, some companies may find exempted in some cases. These exemptions are called exemptions. They are exhaustively enumerated in the Act. Compta-Facile describes them here and answers the question: what are the cases of exemption from the establishment and publication of consolidated accounts? Consolidation exemptions 1st consolidation exemption: the parent company is already consolidated Where a company is required to draw up and publish consolidated accounts but is itself under the control of another company, it is exempted from its obligation to consolidate. This case involves only the so-called parent companies of subgroups. The following cumulative conditions must be met: The parent company includes the parent company of the sub-group in its consolidated accounts, The parent company of the subgroup does not issue securities admitted to trading on a regulated market or negotiable debt securities,...
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The recovery of banking data, what is interesting?

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The recovery of bank data enables a time saving valuable. For best accountancy training Best school of accountancy In Lahore . Thanks to this mechanism, time spent on seizure can be used by the entrepreneur to develop his business or by the accountant to direct his work towards missions with higher added value for his client ( And thus enhance its essential advisory role). Beyond the increase in productivity, this mechanism makes it possible to increase the reliability of the data entered: the manual entries disappear and the risk of human error is thus limited because the accounting imputations are performed automatically according to the parameterization performed upstream. The recovery of bank data at a cost to the company if it sets up this solution directly with its banking establishment. If it benefits from it through its accountant, the latter generally has preferential rates (having several customers affiliated to this service) and its cost is generally not passed on to...
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The recovery of bank data, who is concerned?

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In theory, all companies are affected and can benefit. However, in practice, only companies that are authorized to hold cash accounts should have recourse to them. They are therefore essentially: Holders of non-commercial profits (NCBs): the liberal professions covered by the declaration regime; Holders of industrial and commercial profits (BIC): merchants and artisans under the system of simplified real taxation allowed holding super-simplified accounting. There may be an interest for companies directly, if they keep their own accounts using their own accounting software or their accountant (if they delegate their bookkeeping). Self-entrepreneurs and micro-entrepreneurs (persons belonging to micro-BIC or micro-BNC) have no interest in joining this service since they have no accounting obligations in this area. Recovery of bank statements, how does it work? Two methods currently exist (the second one is intended to replace definitively the first, eventually): The expo...
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Recovery of bank statements in accounting

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Some software vendors offer interesting features, including the ability to retrieve data from company accounts and automatically inject them into their accounts. For best accountancy training Best school of accountancy In Lahore . Accounting-Easy has the utility and modalities of operation of the recovery of bank statements for accounting. Recovery Data Bank Accounting The retrieval of bank data consists, in accounting, of automating the process of entering bank statements. In this way, all company bank statements are retrieved via the Internet and automatically integrated into the company’s accounts (or retrieved using an embedded export file later in the company's accounting software). The transactions are, as far as possible, allocated in the correct imputation accounts. In addition, it is possible to set the software so that it uses a special account root if it encounters a particular label on the statement. For example, any transaction involving the word "France...
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