Accounting consolidating partnerships

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Strike out intra-group transactions -- that is, income, expenses and cash flow transactions among the member entities of the group.

This is because these transactions neither concentrate nor dilute the overall value of the business.

Paul Cole-Ingait is a professional accountant and financial advisor.

He has been working as a senior accountant for leading multinational firms in Europe and Asia since 2007.

"We believe a new business model is required to achieve this – one that is more integrated and customer-centric – with digital transformation at its heart.