Our approach to FIRS conversion first considers gap analysis to determine existing compliance status and development of a conversion approach that recognizes industry, financial accounting, reporting and regulatory environment of the clients.
Our services include:
First time adoption of IFRS – Conversion to IFRS from the local GAAP
GAP Analysis between IFRS and the local GAAPs as mentioned.
Development of IFRS accounting policy manuals best suited for your industry.
Re-aligning local charts of accounts to IFRS disclosure requirements for easy preparation of the annual financial statements.
Account Receivable Management/Debt collection
Conduct of standard credit health checks for trading Partners/Distributors for credit grants