A large number of operations that need to be performed manually when transforming reporting according to national standards into reporting according to IFRS
Problems with promptly providing management with the information necessary for decision-making
Lack of a single format, classification and chart of accounts for all departments of the organization
Lack of formal policies and procedures
Significant costs for the finance function
How Russell Bedford RCG can help in solving these problems:
Detailed diagnostics of the financial function and comparative analysis of financial processes with world best practices
Assistance in developing the optimal structure of the financial function
Development and harmonization of accounting policies according to NP(S)BOU, IFRS and other accounting standards
Development and implementation of the methodology for transition to IFRS or other accounting standards (transformation and consolidation of financial statements)
Development and implementation of the methodology for the reporting system
Development of practical computer tools to meet the needs of users in analytical data at different levels
Adaptation and development of procedures and rules for accounting and reporting preparation according to IFRS in information systems
Formulation of functional requirements for information systems specially designed taking into account the needs of your business
Implementation of our own methodology to reduce the time for preparing financial and management reporting and improve its quality
Benefits for our clients:
Transparency of accounting and preparation processes reporting
Minimal costs for efficient processing of transactions, accounting and regular preparation of financial statements
High accuracy and reliability of financial information
Timely provision of reporting to stakeholders on business results and effective process of making management decisions
Reconciliation of management and financial reporting systems
Professional development of personnel by gaining new experience
Other services
Assistance in resolving methodological issues in accounting;
Providing advice on accounting issues, as well as on the interpretation of accounting legislation;
Assistance in recruiting personnel for the accounting and tax accounting department (including conducting interviews with the candidate, compiling a list of questions, etc.);
Restoration of accounting for previous periods;
Representation of the Company’s interests before tax authorities in the event of desk or on-site inspections, upon request.
