Financial statements and financial reporting process

Financial statements and financial reporting process

We support our clients in developing and implementing tools used in the financial reporting process.

Support in developing and implementing tools used in the financial reporting process.

Our services relating to financial statements and financial reporting process include:

The use of tools and models to support financial reporting:

  • Preparation of templates of financial statements and integrated reports
  • Assistance at various stages of period-end close
  • Compilation of financial statements
  • Optimizing financial reporting processes.

 

The use of tools and models to support financial reporting

We support our clients in developing and implementing tools used in the financial reporting process. We assist in the preparation of complex calculation used in the process of preparing the financial statements, e.g. calculation of impairment charges, accounting for long-term contracts , accounting for financial leases, capitalization of financing costs and accounting for investments or conversion into the presentation currency.

 

Preparation of templates of financial statements and integrated reports

We help our clients in the preparation of templates of financial statements tailored to specific business circumstances, accounting standards’ requirements and requirements imposed by capital groups . We offer our support in preparation of separate and consolidated financial statements, in particular in such a way that the financial statements:

  • Increase their usefulness to investors , in particular by focusing on client and industry specific disclosures and ensure that not material information does not limit the comprehensibility
  • Are comparable to other ones within the client’s industry
  • Meet all the accounting requirements of applicable accounting standards.

Our services also include specific support in the implementation and preparation of integrated reporting.

 

Assistance at various stages of period-end close

We help our customers at various stages of the process the period – end close (month, quarter, year), e.g . inventory counts, calculation of provisions, deferred taxes, etc.

 

Compilation of financial statements

We compile (prepare) financial statements, group reporting packages and other financial reporsts in accordance with the Polish Accounting Act, IFRS and other accounting standards.

 

Optimizing financial reporting processes

We help our clients meet the expectations of stakeholders in respect of reliable, transparent and useful financial information. We advise on how to improve the systems and processes of financial reporting in order to maintain an appropriate balance between efficiency, risk and control in terms of providing adequate and compliant financial information. We analyze the existing financial reporting processes, identify areas for improvement and propose appropriate changes. We support the process of consolidation and preparation of the consolidation model as well as tools used in the process.

 

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