deen
Nexia Ebner Stolz

International Financial Reporting

For many companies, financial reporting based on international standards is a legal obligation; for others, it’s a way to attract new investors.

In the EU, pub­li­cly tra­ded cor­po­rate groups are requi­red to pre­pare their con­so­li­da­ted finan­cial sta­te­ments under IFRSs (Inter­na­tio­nal Finan­cial Repor­ting Stan­dards). Other cor­po­ra­ti­ons may be requi­red to report under US GAAP. But even when com­pa­nies are not requi­red to use inter­na­tio­nal repor­ting stan­dards, there may still be an advan­tage in doing so, because the focus in repor­ting under IFRS or US GAAP is on pre­sen­ting a com­pany’s or group’s ear­nings pic­ture from the inves­tor’s per­spec­tive. Repor­ting under the Ger­man Com­mer­cial Code, on the other hand, is con­cei­ved first and fore­most in terms of pro­tec­ting cre­di­tors – which may be an impe­di­ment if you’ve set your course for growth and inter­na­tio­na­liza­tion.

If you’re not already requi­red to report under IFRSs or US GAAP, or haven’t made the change yet, we can talk with you about the spe­ci­fic advan­ta­ges and disad­van­ta­ges of swit­ching, and can work out an effi­ci­ent, practi­cal course of imp­le­men­ta­tion. Then we’ll see you through to its com­p­le­tion, with skil­led advice and a part­ner’s sup­port.

Our ser­vices at a glance

  • Audi­ting and pre­pa­ring finan­cial sta­te­ments under IFRSs and US GAAP.
  • Assi­s­tance with chan­ging from natio­nal to inter­na­tio­nal repor­ting stan­dards
  • In-house trai­ning and work­shops on the fun­da­men­tals of inter­na­tio­nal finan­cial repor­ting and on issues spe­ci­fic to your com­pany
  • Assi­s­tance with com­plex acco­un­ting issues in inter­na­tio­nal repor­ting, such as
    • Purchase price allo­ca­tion (PPA)
    • Impair­ment tests
    • Lease tran­sac­ti­ons
    • Deri­va­ti­ves
    • Defer­red taxes


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