Audience
Finnish groups preparing consolidated financial statements under Finnish GAAP, their CFOs and finance managers, and accounting and audit firms
About Greatwill
Greatwill is Finnish consolidation software built for preparing consolidated financial statements under the Finnish Accounting Act (FAS, Finnish GAAP). It breaks the consolidation down into group events: each event is a short form, and the elimination entries, reconciliations and the consolidation worksheet are generated from the data entered in the forms.
There is a form for every group event: founding and acquiring a subsidiary, intra-group income, expenses, receivables and payables, unrealised margins in inventory and fixed assets, intra-group dividends, translation differences of foreign subsidiaries, minority interests, the transfer of depreciation differences and tax-based reserves to equity and deferred tax, equity-method accounting for associates, and the sale or merger of a subsidiary. Each form asks only for what matters; exchange rates, tax effects and minority shares are handled automatically.
