The purpose of the package is to enable conformity with the rules
and regulations of the VII directive of the EEC and the compiling
of consolidated financial reports to enable management to monitor
the period by period position of a group.
SESTANTE is an effective and flexible tool which makes it possible
in a guided and customizable way, to define the structure of the
consolidation model:
• The Principles of Consolidation – starting with the mandatory
issues and definition of the area, through to the layout of the
operating report.
•
The Regulations and Standard Practices of Interpretation – or
a guide, complete with practical examples, making it possible to
evaluate fully each individual situation encountered in the real
world.
•
The Organisational and Accounts Elements – definition of
the organisational structure necessary to carry out the handling
of the technical entries by the accounting processes.
•
The Preliminary Instructions and the Package to be given out and
distributed throughout the entire consolidation area in order to
ensure that preparation of data is both correct and consistent
and that responsibilities are clearly defined.
•
The Control Check-list to be able easily to monitor the correct
execution of each individual phase.
Then, rather than just a software application, an integrated functional
organisational model is offered, structured with appropriate check-up
functions which, by connecting the data and the activities carried
out, makes it possible to monitor whether all the necessary phases
have been followed correctly, hence assisting correct management.
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