FP&A Today cover image

FP&A Today

The Consolidation King on Working Better with FP&A – Charaf Bourhalla

Feb 19, 2025
40:20

“Consolidation. A  lot of people don’t know exactly what it is. They think that it’s just an aggregation of numbers. Like you just add numbers, but it’s more technical than that. Most of the time when we are talking about consolidation, it’s international big groups that have subsidiaries around the world. Consolidation is the process of converting those financial statements normally built locally, because they have to be compliant with the local requirements and be compliant with the GAAP of the group.”

Charaf Bourhalla has been Head of Consolidation at Nestle Skin Health, Vimian Group and Edify Investment Partner.  He holds several key certifications, including the FMVA from CFI, ACCA with a focus on IFRS, and the PMP from PMI. His posts on LinkedIn reach millions of people explaining complex topics simply such as IFRS 10 – Consolidated Financial Statements, AS 16 – Property, Plant and Equipment and AS 1 – Presentation of Financial Statements.

In this episode:

  • From years of struggle, to Kimberly Clarke as a reporting analyst to entering a pharma company as business controller 
  • 13-year tenure as a consultant developing a deep understanding of IFRS, USGAAP, French GAAP, and IPSAS, 
  • 3 Jobs as Head of Consolidation including Nestle Skin Health with 70 subsidiaries around the world
  • Simplifying complexities of financial consolidation and non financial KPIs
  • Secrets to working with FP&A for consolidation and forecasting and building a mid-term plan
  • Continual training for teams in subsidiaries 
  • Technology and complexity changing the consolidation game
  • How Charaf called in when a company found itself consolidating more than 70  legal entities using Excel
  • Not to pick consultants with partnerships with only one provider 

Connect with Charaf on LinkedIn: https://www.linkedin.com/in/charaf-bourhalla-04760a1b/

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode