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Enhance the quality of financial reports.Our accounting advisory professionals provide clients with great solutions and knowledge for:

Distribution of Tasks Planning of Appointments

• date for the last posting of the group internal transactions
• date 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.decision about the basis of Accounting Principles
• determination of the included group enterprises
• fixing of consolidation method for separate group enterprises
• provision and proof of reasons for the not including 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 consolidation relevant data e. g.:
• Stock of group delivery
• Production costs for delivery to group
• Subsidiaries
• Group internal turn-over Material use from group deliveries
• Group internal claims and obligations
• Other group internal settlements Group related provisions
• Eventuality-obligations and liability

Consolidation Technique

• Simple tabulation
• Consolidation software (e.g. Hyperion)

Consolidation

• Calculation of foreign currencies conversion
• Preparation of B/S and P/L Trial Balance
• Consolidation of assets
• Consolidation of liabilities
• Consolidation of income and expenses
• Proceeding of 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