The trend of globalization affects the business structure of the world. There are more and more international companies where business is taking place through several markets and different countries. Competition pressure is increasing and imposes businesses to adapt to dynamic environments and to expand their business towards foreign markets. Such changes in business have a significant impact on international accounting. Different countries have different financial reporting regulations, which should be combined and collected as the same information in the consolidation of the group. Financial accounting is an area where there are considerable differences between the regulations of different countries and the accounting standards that are in use. This causes significant challenges for accounting professionals tasked with drawing up consolidated reports from the international group. In groups where there is control of one company over others, then the controlling company is obligated to carry out consolidation. In the process of consolidation of financial reports of the group, the first step is to translate the company's reports from their functional currency into the reporting currency. It is necessary to perform the conversion of the reports and then eliminate all mutual transactions in the group. After consolidation, the reports of the entire group are presented as a single business company. When translating the reports from foreign currencies into the reporting currency, there are effects of alterations in exchange rates, which due to constant fluctuations in values, change the translated amounts and ratios of comparable positions. In conversion of the business results of different foreign companies in the group, significant changes in exchange rates can alter the profitability image of individual companies, and therefore the entire group. When observing changes from year to year, the trend obtained on the basis of translated amounts is sometimes not reliable to assess business profitability. International companies find it necessary to reshape the reports for internal purpose of obtaining a more accurate image of the business, without the influence of exchange rates. In today's environment, business decisions that are made from incomplete information generally result in the lack of competitiveness in the market and thus endanger their own survival. In consolidation of production companies, the level of complexity is even higher due to the mutual sale of short-term assets. In order to eliminate the effects of such transactions in consolidation, it is essential to have information system that can provide the necessary data of the inventories and their realized margins that are purchased within the group. It is necessary to obtain specific information of the mutual inventories of all types; raw materials, finished products and commercial goods. In consolidation, the elimination of margins from mutual inventories is one of the factors that can significantly diminish the consolidated result of the group of manufacturing companies, especially if it is an activity that achieves high sales margins.