Accounting Services provides accounting consulting with a focus on IAS/IFRS and US GAAP conversion, check-ups, general support, and technical support for a carve-out or ERP software launch such as SAP.
An IAS/IFRS or US GAAP check-up is performed prior to a (possible) conversion to IAS/IFRS or US GAAP. In this check-up, differences between the previous accounting standards and IAS/IFRS or US GAAP are examined. This service is also used for existing IAS/IFRS or US GAAP accounting in order to ensure that the accounting is up to date and in compliance with the current IAS/IFRS or US GAAP. This is performed on the basis of checklists and workshops, and can be implemented with very short notice.
There may be various reasons for conversion to IAS/IFRS or US GAAP, such as access to the international capital market or sale to a publicly listed company. The first step is frequently an IAS/IFRS or US GAAP check-up. The actual conversion to IAS/IFRS or US GAAP builds on this by preparing the conceptual design of the future IAS/IFRS or US GAAP accounting with accounting manuals, reporting packages, training, and system-side conversion. Then the actual conversion takes place, with preparation of the reconciliation posts for IAS/IFRS or US GAAP as well as preparation of the "notes" (to the financial statements) and the consolidated IAS/IFRS or US GAAP financial statements.
IAS/IFRS and US GAAP are a complex subject with countless special areas. Often, one does not have the appropriate in-depth knowledge immediately available or would like to discuss the matter with another expert. Our IAS/IFRS and US GAAP hotline is staffed with accounting specialists who are glad to help. All you need to do is use the appropriate contact form. We will contact you right away. We also offer preparation of expert accounting reports and 2nd opinions on accounting subjects. We are recognized sparring partners for all the leading auditing firms.
Accounting manuals are frequently not up to date, hard to read, and not based on practice. With our accounting manual services, we provide you with support for preparing or updating your accounting manual, whether your accounting is based on IAS/IFRS, US GAAP, or the German Commercial Code [Handelsgesetzbuch, HGB]. Practical relevance is our priority, not simple reproduction of accounting standards. We are able to access a large body of already existing manuals in order to help you in this regard. In addition, we will also provide you with support with roll-out of the manuals, through online and offline training sessions, coaching sessions, or auditing activities for example.
When parts of companies are carved out, this is not only a significant challenge with regard to the psychological stress for the affected employees. The preparation of carve-out balance sheets, the allocation of assets and liabilities, and the completion of pro-forma analyses of the past require a significant expenditure of time and effort. Our experts handle these activities as part of carve-out support.
When new software is implemented, whether it is ERP, consolidation, or planning, technical departments are frequently overloaded. To take the pressure off your employees by providing technical support for introducing software, by preparing charts of accounts or cost center plans, helping with the incorporation of old data, or handling test cases. We work together with a broad range of established software and IT consulting companies.