Consolidation Model

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A Consolidation Model is built by merging the financial results of multiple business units into one single model. Usually, the first worksheet of this model is a summary or consolidated view that shows the highest-level figures (monthly and yearly revenues, productivity rate,  costs and profits etc.) in the form of tables, graphs or charts. Other tabs in the model display financial data by various business units, departments, or product lines by years, quarters or months. There are two types of models available in the consolidation model, one is ‘Variable interest model’ and the second one is ‘Voting interest model’.

Though this model is a very simple model with only a few inputs, in the real-world business scenarios, consolidation models can be quite complicated and involve numerous data sources and in-depth calculations.

Below given are the various steps defining how to build a consolidation model?

• Generate workbooks with labels corresponding to the respective projects
• Classify columns and rows labels from highest- to lowest-level granularity
• Insert relevant data into the tables
• Calculate financial figures using the data tables
• Validate data with the financial statements
• Create a summary or consolidation tab
• Fill in the cells by using cell references from individual project data
• Generate charts and graphs to visualize the summary data
• Showcase the model in a professional and neat format

Rajagiri Business School in Kerala offers you a choice of post graduation courses like MBA, MHRM, PGDM etc. Locates in the IT hub of Kerala at Kakkanad, this MBA College in Kerala promises you a serene environment, best in class learning infrastructures, best hostel facilities and top placements. Rated as one of the Top B Schools in Kerala by Business World, this institution will definitely fulfill your dreams.  

To know more and admissions, visit : https://rcbs.rajagiri.edu/

Location: Kerala, India

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