{"id":14548,"date":"2024-10-14T16:32:47","date_gmt":"2024-10-14T14:32:47","guid":{"rendered":"https:\/\/ginesis-finance.com\/cas-clients\/creation-of-a-consolidation-division-as-part-of-a-spin-off\/"},"modified":"2025-07-02T17:46:30","modified_gmt":"2025-07-02T15:46:30","slug":"creation-of-a-consolidation-division-as-part-of-a-spin-off","status":"publish","type":"cas-clients","link":"https:\/\/ginesis-finance.com\/en\/cas-clients\/creation-of-a-consolidation-division-as-part-of-a-spin-off\/","title":{"rendered":"Creation of a consolidation division as part of a spin-off"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"14548\" class=\"elementor elementor-14548 elementor-7676\" data-elementor-post-type=\"cas-clients\">\n\t\t\t\t<div class=\"elementor-element elementor-element-51bcb529 contexte-bc e-flex e-con-boxed e-con e-parent\" data-id=\"51bcb529\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2f044930 elementor-widget elementor-widget-heading\" data-id=\"2f044930\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Background and objectives<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-113b0782 elementor-widget elementor-widget-text-editor\" data-id=\"113b0782\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Major player in the energy industry to spin off part of its activities<\/p><p>Need to set up the new entity&#8217;s future consolidation department and a project team<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-43c00602 mission-bc e-flex e-con-boxed e-con e-parent\" data-id=\"43c00602\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-27049ccf e-con-full e-flex e-con e-child\" data-id=\"27049ccf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ae36145 elementor-widget elementor-widget-heading\" data-id=\"4ae36145\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Our mission<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-21f86080 elementor-widget elementor-widget-text-editor\" data-id=\"21f86080\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Spin-off preparation:<\/b><\/p><p>Creation of the consolidation department, production of the combined financial statements of the future Group, assistance with the production of the prospectus.<\/p><p><b>Publication of interim and annual financial statements :<\/b><\/p><p>Analysis of closing process efficiency (Smart Close),<\/p><p>Production of IFRS and Adjusted consolidated financial statements,<\/p><p>Definition of Sox controls to be integrated into consolidation processes,<\/p><p>Drawing up, organizing and deploying a communications plan for subsidiaries<\/p><p>Deployment of the &#8220;Right First Time&#8221; principle within entities (feedback process, support, pre-closing process, etc.).<\/p><p>Overhaul of closing processes (exchange rates, interco, tax, etc.)<\/p><p>Update to the Group Accounting Manual.<\/p><p><b>Projects :<\/b><\/p><p>Optimization of the HFM consolidation tool, deployment of Anaplan for IFRS 16, Workiva for Disclosure Management, and tax reporting in HFM.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4c5722bb e-con-full e-flex e-con e-child\" data-id=\"4c5722bb\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ffb54f4 elementor-widget elementor-widget-heading\" data-id=\"4ffb54f4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Results<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6aae977 elementor-widget elementor-widget-text-editor\" data-id=\"6aae977\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Quarterly publications and Annual Financial Report produced on time and praised by Group Management<\/p><p>Successful roll-out of new processes and tools in the Consolidation department<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Background and objectives Major player in the energy industry to spin off part of its activities Need to set up the new entity&#8217;s future consolidation department and a project team Our mission Spin-off preparation: Creation of the consolidation department, production of the combined financial statements of the future Group, assistance with the production of the [&hellip;]<\/p>\n","protected":false},"featured_media":13368,"template":"elementor_theme","meta":{"_acf_changed":false},"sector":[288,333,334],"prestation":[307],"class_list":["post-14548","cas-clients","type-cas-clients","status-publish","has-post-thumbnail","hentry","sector-consolidation-en","sector-post-merger-integration-en","sector-processes","prestation-energy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Creation of a consolidation division as part of a spin-off &#8211; 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