Enhance the quality of your financial reporting. Our accounting advisory professionals provide clients with innovative solutions and expert knowledge in these areas:
DISTRIBUTION OF TASKS AND PLANNING OF APPOINTMENTS
- Deadlines for the last posting of the group internal transactions
- Deadline for closing of group internal balances
- Deadline for reporting package
METHOD OF CONSOLIDATION AND
CIRCLE OF CONSOLIDATION ( HGB,IAS,US - GAAP, ETC.)
- Preparation of shareholder value list and decision about the basis of Accounting Principles
- Determination of the included group enterprises
- Establishing the consolidation method for separate group enterprises
- Provision and proof of the reasons for the exclusion of group enterprises
STANDARDIZED GROUP GUIDELINES (GROUP HANDBOOK)
- Standardized accounts distribution guidelines (Same chart of Accounts for the group, standardized Accounts distribution)
- Standardized Accounting Principles (as far as it is possible with subsidiaries abroad)
- Guidelines for Transmission Bridge (HB I to HBII.)
STANDARDIZED REPORTING OF GROUP ENTERPRISES (REPORTING PACKAGE)
- Balance Sheet and Profit & Los of single financial statements (HB I)
- Balance Sheet and Profit & Loss according to Group policy (HB II)
- Documentation of Transmission Bridge ( HB I to HB II)
- Further data relevant to consolidation
- Stock of group delivery
- Production costs for delivery to group
- Subsidiaries
- Internal group turn-over and material use from group deliveries
- Internal group claims and obligations
- Other internal group settlements
- Group related provisions
- Obligations and liabilities arising from certain circumstances
CONSOLIDATION TECHNIQUE
- Simple tabulation
- Consolidation software (e.g. Hyperion)
CONSOLIDATION
- Calculation of the conversion of foreign currencies
- Preparation of B/S and P/L Trial Balance
- Consolidation of assets
- Consolidation of liabilities
- Consolidation of income and expenses
- Procedure concerning latent tax within the group
- Development of the group property register
- Preparation of group balance sheet and group Profit & Loss
- Preparation of the group balance appendix and group status report
