Pacioli Consolidation Accounting Program

Consolidation Accounting Program (CAP) is a unique 24/7 virtual consolidation tutor software for students. CAP enables students to gain knowledge of, and become proficient in preparing, consolidation accounting adjustments for two-level group structures, at their own pace. 

Using a spreadsheet matrix approach, the program provides a learning environment for students to devise the elimination and other journal adjustments needed in the preparation of accurate consolidated financial reports.  Primary emphasis is on the debits and credits involved in the process, with secondary emphasis placed on how the journal entries are reflected in a consolidation worksheet.

 

In broad outline, CAP generates and displays financial data for two legal entities – a parent entity (P Ltd) and a subsidiary entity (S Ltd).  Using the data provided (income appropriation worksheet, balance sheet worksheet, acquisition details and additional information), students devise the consolidation adjustments needed to prepare consolidated financial reports for the economic entity (the PS group).  As students input and post each adjustment in the consolidation journal matrix, CAP will automatically update the consolidation worksheets.

 

WHAT STUDENTS ARE SAYING

“The explanations and feedback options allow for easy understanding of difficult topics”

“I now understand how to consolidate accounts”

“Has helped me understand consolidation accounting better than using a textbook alone”

“Taught me the majority of what I know about the consolidation adjustment process”

“I would highly recommend it to anyone wishing to study Consolidations”