IFRS Reporting

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IFRS Reporting

IFRS have replaced many different national accounting standards around the world but have not replaced the separate accounting standards in the United States where US GAAP is applied. Companies operating internationally face numerous challenges. In addition to difference in culture and taste, regulatory and accounting requirements can also differ substantially. IFRS is the common global financial reporting language. Major new standards for financial instruments, revenue recognition and leasing present significant challenges to preparers of financial statements.

Our Solutions Include

  • Preparing Individual and consolidated financial reports in compliance with International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (US GAAP)
  • Assisting companies to understand, operationalize, and assess impact of complex accounting and reporting changes resulting from shifting regulations, new accounting standards, change in business structure;
  • Understanding the impact on other strategic initiatives in your company (e.g. Quality Close, Enterprise Resource Planning (ERP) and other system integration and upgrade initiatives)
  • Providing support with the end-to-end accounting, process integration, and financial reporting support related to mergers, acquisitions, IPOs and divestitures;
  • Development of new IFRS accounting policies and procedures
  • Gap analysis between information required and currently available
  • Performing financial reporting benchmarks with your selected peer group;
  • Drafting accounting manuals, accounting policy papers and accounting position papers;
  • Offering tailored training and update sessions with practical examples and cases studies.

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