IIAS & US-GAAP accounting

Enhance the quality of your financial reporting. Our accounting advisory professionals provide clients with innovative solutions and expert knowledge in these areas:

Distribution of Tasks and Planning of Appointments

  • Deadlines for the last posting of the group internal transactions
  • Deadline 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 and decision about the basis of Accounting Principles
  • Determination of the included group enterprises
  • Establishing the consolidation method for separate group enterprises
  • Provision and proof of the reasons for the exclusion 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 data relevant to consolidation
  • Stock of group delivery
  • Production costs for delivery to group
  • Subsidiaries
  • Internal group turn-over and material use from group deliveries
  • Internal group claims and obligations
  • Other internal group settlements
  • Group related provisions
  • Obligations and liabilities arising from certain circumstances

Consolidation Technique

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

Consolidation

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

René Udwari

Attorney-at-Law
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Copyright Counselhouse 2017
*Copyright Counselhouse 2017. Counselhouse is a legal service provider. All legal advisory services offered on this website are provided by René Udwari & her team. René Udwari is a registered business lawyer in Germany.