Accounting & Financial Reporting Advisory

Accounting advisory addresses the reporting treatment of transactions where recognition, measurement, presentation or disclosure requires reasoned judgement.

Business owners and functional leaders responsible for a defined operating, technology or people-management requirement can use this service to clarify a particular issue. A useful starting question is: “Can one accounting policy be applied unchanged to every group entity?” Begin with the facts behind that question rather than assuming that a standard package will resolve it.

The engagement can cover the following workstreams. The proposal specifies which apply to your matter and what evidence or specialist input is needed.

• Identify the applicable reporting framework.
• Analyse complex transaction accounting.
• Prepare position papers and reporting schedules.

Start with the records below where available. They help establish the facts before a more specific checklist is agreed.

• Transaction agreements.
• Accounting policies.
• Trial balances.
• Prior statements.

Provide the relevant entity, transaction or reporting period and any existing notice or deadline. Identify missing or inconsistent records so they can be addressed explicitly.

A group accounting policy may need adaptation for the reporting framework of the local entity.

1. Define the question: identify the applicable reporting framework, using the available transaction agreements and the facts you provide.
2. Examine the evidence: analyse complex transaction accounting. Record unresolved information and the assumptions that affect the analysis.
3. Agree the action: prepare position papers and reporting schedules. Set the required deliverables, responsible owners and any follow-up or external dependency.

The proposal for Accounting & Financial Reporting Advisory sets out the analysis, documentation or coordination deliverables and the work you retain. The availability of transaction agreements, accounting policies, trial balances and prior statements affects readiness and the amount of follow-up needed. Fees and the working schedule are agreed after that initial assessment. Any required independent report, legal representation or authority application is identified as a separate responsibility where relevant.

• Financial Reporting
• Financial Reporting Advisory
• Internal Controls over Financial Reporting
• Valuation & Financial Advisory

Share a short summary of your Accounting & Financial Reporting Advisory requirement and the records already available. BIATConsultant can assess the proposed scope and explain the next steps.

• Request a Accounting & Financial Reporting Advisory consultation
• About BIATConsultant