Intercompany Accounting and Reconciliation (AF-064) Training Course

Intercompany Accounting and Reconciliation

In groups with many legal entities, intercompany transactions are a frequent source of delay and error at period end. Mismatched balances, inconsistent cut-off, currency…

5 daysClassroom or online

49Upcoming dates

12Cities

£2,250Fees from

Course overview

Introduction

In groups with many legal entities, intercompany transactions are a frequent source of delay and error at period end. Mismatched balances, inconsistent cut-off, currency differences and unclear ownership can hold up consolidation, distort results and attract audit findings.

This Intercompany Accounting and Reconciliation training course gives participants a structured approach to recording, matching, reconciling, settling and eliminating intercompany transactions. Participants learn how to design intercompany policies and agreements, manage netting and settlement, resolve differences quickly and prepare reliable eliminations for consolidated financial statements.

The course also covers governance, controls, tax and transfer pricing interfaces, and the technology options available to automate intercompany processes and support a faster, cleaner close.

Course Objectives

By the end of this training course, participants will be able to:

Explain the types of intercompany transactions and their accounting treatment
Design an intercompany policy covering agreements, pricing, cut-off and settlement
Establish efficient matching and reconciliation processes across entities
Investigate and resolve intercompany differences, including currency effects
Manage intercompany netting, settlement and cash flows
Prepare consolidation eliminations for balances, transactions and unrealised profits
Implement controls and governance that reduce intercompany errors
Evaluate automation options for intercompany accounting

Target Audience

This training course is suitable for a wide range of professionals, including:

Group and consolidation accountants
Financial controllers of subsidiaries and regional entities
Shared service centre accounting teams
Record-to-report process owners
Treasury professionals involved in settlements
Internal and external auditors
Finance systems and transformation specialists

Training Methodology

Participants work through a multi-entity case study using spreadsheets to record transactions, run reconciliations, analyse differences and prepare eliminations. Group discussions, process design workshops and control reviews help participants transfer the techniques to their own group structures.

Target Competencies

Intercompany accounting
Balance reconciliation
Consolidation eliminations
Settlement and netting management
Financial close control
Finance process improvement

Course outline

1Day One: Intercompany Fundamentals

Group Structures: Parents, subsidiaries, branches and joint arrangements
Types of Intercompany Transactions: Sales, services, loans, recharges and dividends
Accounting Treatment: Recording transactions consistently in each entity
Common Problems: Timing, currency, coding and pricing mismatches
Impact on the Close: Delays, adjustments and audit risk
Roles and Responsibilities: Entities, group finance, treasury and tax
Case Study: Diagnosing intercompany issues in a regional group

2Day Two: Policy and Process Design

Intercompany Policy: Agreements, invoicing rules, cut-off and dispute resolution
Intercompany Agreements: Service, supply and financing terms
Charging Mechanisms: Allocations, recharges and service fees
Transfer Pricing Interface: Aligning accounting with tax policy
Master Data: Counterparty codes and chart of accounts design
Process Calendars: Aligning timelines across entities
Workshop: Drafting an intercompany policy framework

3Day Three: Matching and Reconciliation

Matching Principles: Transaction-level versus balance-level matching
Reconciliation Procedures: Templates, thresholds and sign-off
Investigating Differences: Systematic root cause analysis
Foreign Currency Effects: Rates, revaluation and translation differences
Resolving Disputes: Escalation and decision rights
Reconciliation Reporting: Ageing of differences and management visibility
Practical Exercise: Reconciling a set of intercompany balances

4Day Four: Settlement and Consolidation

Settlement Processes: Timeliness, netting and payment methods
Netting Centres and In-House Banks: Benefits and controls
Intercompany Loans: Interest, documentation and repayment tracking
Elimination Entries: Balances, revenues, expenses and dividends
Unrealised Profits in Inventory and Assets: Calculation and elimination
Non-Controlling Interests and Partial Ownership: Key considerations
Workshop: Preparing consolidation eliminations

5Day Five: Control, Automation and Continuous Improvement

Internal Controls: Preventive and detective controls for intercompany processes
Key Metrics: Unmatched balances, ageing and settlement timeliness
Technology Options: ERP functionality, matching tools and intercompany hubs
Automation Roadmap: Prioritising improvements and building the business case
Audit Readiness: Documentation and evidence
Change Management: Engaging entity controllers across the group
Action Plan: Improving intercompany processes in participants' organisations

Frequently asked questions

How long is the Intercompany Accounting and Reconciliation course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Intercompany Accounting and Reconciliation course?

The next public date is 7 - 11 Dec 2026 in Barcelona. There are 49 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Barcelona, Frankfurt, London, Munich, Paris, Rome, Vienna, Amsterdam, Dubai, Geneva, Kuala Lumpur, Madrid.

Can I take Intercompany Accounting and Reconciliation online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,250 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

Intercompany Accounting and Reconciliation

Course overview

Introduction

Course Objectives

Target Audience

Training Methodology

Target Competencies

Course outline

Dates and fees

Frequently asked questions

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