Accounting methodology and financial close processes
A well-designed accounting methodology ensures transparency, scalability, and accurate tracking of key results. A fast close, prepared according to different GAAPs and in multiple presentation currencies, also provides flexibility for reporting results in various formats.
Development of tailored accounting policies
High-quality accounting starts with a clear, well-established methodology. We develop tailored accounting policies that serve as a reliable foundation for statutory financial statements, while providing the level of detail needed to track key performance indicators in management reporting. A thoughtfully designed methodology also accelerates period-end close processes and supports efficient audits.
For multinational groups, we take into account the differences between local accounting standards and design unified methodological solutions applicable for both group reporting and consolidation. Each solution is also reviewed from a tax perspective to minimise discrepancies between the proposed accounting approach and tax regulations across jurisdictions.
When developing accounting policies, we focus on technical precision, clarity, and seamless practical implementation. A robust and standardised methodology delivers substantial value by enhancing business scalability and simplifying the integration of new acquisitions.
GAAP conversion and change of presentation currency
We deliver comprehensive assistance with accounting conversions between various GAAP frameworks and the change in presentation currency.
This includes ensuring a complete accounting conversion between GAAP frameworks, either at the primary accounting level through methodology changes or at the financial statement level via targeted adjustments to the original framework.
Mechanisms are designed and implemented to present reports in any chosen currency, including full recalculation of all relevant figures and historical comparative data, always fully compliant with the applicable accounting standards.
Financial close process and acceleration
We help organisations design a fast, efficient, and well-governed financial close process. By pinpointing bottlenecks and recommending acceleration strategies, we deliver a comprehensive close manual that clearly defines process steps, timelines, responsibilities, and control mechanisms. Our team also provides hands-on support and training to ensure the process is fully repeatable, reliable, and scalable.