IIAS & US-GAAP Accounting

Enhance the quality of your financial reporting. Our accounting advisory professionals provide clients with innovative solutions and expert knowledge in these areas:

Distribution of Tasks and Planning of Appointments

  • Deadlines for the last posting of the group internal transactions
  • Deadline 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 and decision about the basis of Accounting Principles
  • Determination of the included group enterprises
  • Establishing the consolidation method for separate group enterprises
  • Provision and proof of the reasons for the exclusion 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 data relevant to consolidation
  • Stock of group delivery
  • Production costs for delivery to group
  • Subsidiaries
  • Internal group turn-over and material use from group deliveries
  • Internal group claims and obligations
  • Other internal group settlements
  • Group related provisions
  • Obligations and liabilities arising from certain circumstances

Consolidation Technique

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

Consolidation

  • Calculation of the conversion of foreign currencies
  • Preparation of B/S and P/L Trial Balance
  • Consolidation of assets
  • Consolidation of liabilities
  • Consolidation of income and expenses
  • Procedure concerning 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
Consultinghouse UK

Klaus Schottler, CPA

Managing Director
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Copyright Consultinghouse UK 2017
*Copyright Consultinghouse 2017. All services offered on this website are provided by Consultinghouse UK Limited. Consultinghouse UK is a boutique management consulting firm and professional services provider. Consultinghouse UK provides tax and 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 legal services please contact our cooperation partner http://www.counselhouse.eu.