"The service in outsourced accounting covers such basic areas as inventory and fixed assets bookkeeping, payroll etc."
Hannes Snellman Ukraine LLC
Compilation and Financial Reporting Services
By definition, a compilation is the presentation of financial statement data without the auditor's assurance as to conformity with International Financial Reporting Standards (IFRS) or National GAAP. A compilation is a financial statement that presents information that is the representation of an organization's management (owners) without undertaking to express assurance on the financial statements. We will acquire a general understanding of your bookkeeping methods and compile the reports in a presentation format according to your needs.
We work with senior management teams to help stabilize businesses, restore financial reporting integrity, timeliness and analysis, and streamline inefficient accounting procedures to free up management time to focus on strategic planning initiatives. Our consulting team provides you with top level financial expertise that complements your accounting and finance skills with following services:
- Financial reporting compliant with IFRS and effective management decision-making
- Analysis of trial balance accounts for presence of supporting detail and reconciliations
- Reconstruction and restatement of prior period financial statements
- Financial statement and management report format reviews
- Development and implementation of accounting and reporting policies, procedures and controls
- Accounting and finance organizational structure reviews
- Implementation of effective cash management policies and assistance with creditor relationships
- Design and implementation of financial models and analysis to improve performance and reduce costs
- Accounting system conversion planning
- Capital and debt restructuring assistance
To learn more about our Compilation and Financial Reporting Services please contact us.
See also
Audit and Assurance Review Services
