IIAS & US-GAAP Accounting

Enhance the quality of financial reports.Our accounting advisory professionals provide clients with great solutions and knowledge for:

Distribution of Tasks Planning of Appointments

  • date for the last posting of the group internal transactions
  • date 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.decision about the basis of Accounting Principles
  • determination of the included group enterprises
  • fixing of consolidation method for separate group enterprises
  • provision and proof of reasons for the not including 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 consolidation relevant data e. g.:
  • Stock of group delivery
  • Production costs for delivery to group
  • Subsidiaries
  • Group internal turn-over Material use from group deliveries
  • Group internal claims and obligations
  • Other group internal settlements Group related provisions
  • Eventuality-obligations and liability

Consolidation Technique

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

Consolidation

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

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*Copyright Consultinghouse 2017. Consultinghouse is boutique management consulting firm & professional services provider. All services offered on this website are provided by Consultinghouse A.M.C. Int GmbH. Consultinghouse provides management consulting as well as services with regard to accounting of current business activities, the generation of payslips, as well as the registration for payroll tax. For tax or legal services please contact our cooperation partner http://www.counselhouse.ch.