More expertise in accounting & consolidated financial reporting
Efficient support in financial reporting – tailored, sound, practical
Financial reporting, particularly the preparation of consolidated financial statements, involves complex requirements and can place a significant burden on internal resources. The variety and increasing complexity of regulatory standards, as well as their continuous updates, require ongoing attention and extensive expertise.
Our experts bring precisely this expertise. Working closely with you and based on your specific requirements, we develop tailored solutions for both single-entity and consolidated financial reporting under national (UGB) and international accounting standards (IFRS).
With many years of experience in supporting national and international groups we not only prepare annual consolidated financial statements but also assist in preparing consolidated interim financial reports and addressing complex consolidation issues. Depending on the scope and complexity of the consolidation, we work with on Excel-based consolidation tools or specialised consolidation software.
Our services at a glance
- Support with, or full outsourcing of, the preparation of consolidated financial statements
- Preparation of consolidated interim financial statements
- Advisory on the initial implementation of consolidation processes as well as ongoing optimisation of financial reporting processes
- Preparation or enhancement of accounting and group accounting manuals
- Advisory on the scope of consolidation and on the timing of initial and deconsolidation events (including impact analysis)
- Preparation of customised consolidation tools, both Excel-based and using consolidation software
- Implementation of revised or new accounting standards (eg IFRS 15, IFRS 16, or IFRS 18)
- Assessment of complex accounting matters and interpretation of judgement areas
- Support with valuation matters in separate and consolidated financial statements (impairment testing, purchase price allocation)
- Support in managing (group) financial statement audits
- Support with group tax compliance through supplementary consolidation measures related to the interest barrier rule and Pillar 2
Glossary
- UGB – Austrian Commercial Code
The UGB governs national financial reporting in Austria and ensures legally compliant financial statements under Austrian law.
- IFRS – International Financial Reporting Standards
IFRS are international accounting standards that create transparency and comparability for globally operating companies.