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IFRS Accounting Methodology Services

IFRS Accounting Methodology Services

KPMG's team of professionals assists clients in IFRS accounting and reporting methodology issues.

KPMG assists clients in IFRS accounting and reporting methodology issues.

KPMG's team of professionals provides targeted assistance in IFRS accounting and reporting methodology for businesses at various stages of development. Depending on the tasks facing your company, we offer:

Ensuring the preparation of financial statements in accordance with IFRS requirements

  • Preparing financial statements in accordance with IFRS requirements by means of transformation of accounting data prepared under NAS   
  • Transition of companies to IFRS
  • Organizing the reporting function in accordance with IFRS
  • Training to enable unsupervised preparing of IFRS financial statements

IFRS: new standards

  • Bringing the Company's accounting policies to the requirements of new IFRS 9/15/16
  • Development of the method for calculating adjustments in accordance with the requirements of new IFRS 9/15/16
  • Calculation of adjustments in accordance with the requirements of new IFRS 9/15/16 and assistance with their disclosure in the Company’s financial statements

Improving the quality of accounting and reporting

  • Development of IFRS accounting policies and practices
  • IFRS trainings
  • Audit readiness diagnostic
  • Organization of work of the financial function, improvement of accounting and reporting processes and procedures

Automation of accounting and reporting

  • Development of methodology and functional requirements for the system, including for Oracle, IBM, SAP, Microsoft, 1C
  • Selecting the system and the implementation contractor
  • Project management for accounting and reporting systems implementation
  • Organizational change management during the system implementation project
  • Assessment of quality of the information system implementation, including involvement in system testing

Fast close

  • Increasing the efficiency of closing the reporting period
  • Improving the quality of reporting
  • Optimization of IFRS reporting processes

 

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