International Financial Reporting Standards (IFRS)
Our experts have deep knowledge and relevant experience in solving complex issues related to the International Financial Reporting Standards (IFRS).
IFRS convergence or implementation of new accounting standard could be a major or minor change to an organization and the change could affect company financial results, people, processes and the information system.
Our services include:
- IFRS implementation and advisory
- IFRS accounting policy advice
- IFRS corporate training
- IFRS diagnostics and GAP analysis Producing data for
- IFRS Preparing
- IFRS financial statements
Our IFRS Implementation Methodology
Phase 1
Scope & Impact Assessment
Review of old and new accounting policy; impact assessment and preparation of GAP analysis, review and identification of functions affected; review of financial statement, management reports, business processes, governance structure, together with discussions with management to outline all the affected areas. Evaluation of first-time adoption exemptions and accounting policy choices.
Phase 2
Design, Test & Develop
New accounting policies, processes, revised chart of account, revised KPIs and
management and operational training plans are designed and agreed with the management; training is delivered; designing internal and external financial reports, along with testing.
Phase 3
Implement
Process and technology changes will be go-live; IFRS compliance reports will be generated; presentation and disclosure modification are generated and reviewed.
Phase 4
Review
Post-implementation review and validation.
Contact us at the accountaxsquare office nearest to you or submit a business inquiry online.
Client we served
How we work
Book an initial no-obligation online meeting or a phone call
Free initial 30 minutes introductory meeting with a subject expert
We will submit our proposal along with engagement team profiles
Engagement letter acceptance
Engagement team will execute the service within timeline and with high customer satisfaction
Our Client Cases
latest Insights
-
CFO COCKPIT VIEW – Strategy & Performance Management Under COVID-19 Business Challenges
Saving businesses from crashing and making plans. CFOs have cockpit view of the business situation, however, they don’t have any blueprint to navigate the business through current business situation caused by COVID-19, they are tied around large numbers of unprecedented and enormously complex challenges– a disturbance in the global supply chain, liquidity shortage, credit risk,
September 10, 2020 in Uncategorized