Pre-Close Financial Integration Checklist

Sections

Budget
insurance
Limits of Authority
Accounting
Reporting Process
Purchase Price Accounting
Divestment
Internal Audit
External Audit

Budget

• Update FY25 budget to exclude  divested entities
• To obtain Acquired Co. FY25 budget for incorporating into NewCo budget - communicate with Acquired Co. entities/agree on deliverable format 
• To discuss/align on deliverables -  Budgets in systems
• Prepare NewCo budget - high level P&L for Day 30
• Prepare NewCo budget - detailed level P&L, BS and CF for Day 60
• Make adjustments for synergies / disynergies.
• Work with Acquired Co. Finance / Internal Consulting Team to determine new annual budget and forecast process for NewCo, (following the initial (1st 6 month budget above), ensuring requirements for both shareholders met while minimizing duplication of work at NewCo level
• Plan out a mutually amenable timetable for yearly budget and forecasting cycle and process.
• Acquired Co. to decide on which level of detail the forecast  is needed
• Preparing data entry into system 
• Provide Training about tasks in forecasting process
• Provide data for the forecast
• Budget 2026: training and integration into Acquired Co. budgeting process (Sales, P&L, Working Capital, Personnel)
• Budget 2026: training and integration into Acquired Co. budgeting process (Investment Budget)
• Acquired Co. to provide overview on budget rates 2026
• Providing data for budget
• Strategic long-term planning (further steps to be aligned --> to be updated at later point in time)

Insurance

• Obtain and review current insurance coverage.
• Discuss and align insurance policies looking for opportunities for better premium/coverage.
• New insurance policy/coverage ...

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