Preparation of management reporting in accordance with IFRS, US GAAP, German GAAP (HGB) and / or head office corporate requirements for local divisions of international companies operating in Ukraine.
Do you prepare reports on the activities of the local division for the parent company or meet the requirements of regulators for reporting according to international standards?
SCHNEIDER GROUP consultants will check financial statements in accordance with local standards, analyse head office corporate requirements and generate a set of management reports to ensure transparency of subsidiaries for shareholders abroad. We will:
- Prepare reports for the head office on a monthly, quarterly or annual basis
- Provide management reporting according to IFRS, US GAAP, German GAAP (HGB)
- Transfer the data of the Ukrainian reporting to your corporate chart of accounts.
SCHNEIDER GROUP management reporting services may include:
- Preparation of weekly and monthly reports on: cash flow, warehouse relocation of products revenues, orders, sales analysis in terms of customers, products, etc. receivables.
- Preparation of weekly and monthly cash flow forecasts / budgets.
- Preparation of monthly management reports (SFP - statement of financial position and SFR - statement of financial results) according to IFRS, US GAAP, German GAAP (HGB).
- Preparation of notes to the articles of the SFP and SFR and / or detailed transcripts to them.
- Transfer of Ukrainian reporting data to corporate financial accounts; advising on the preparation of reports in accordance with the National provisions (standards) of accounting NP(S)A, ensuring transparency of Ukrainian reporting data.
- Assistance in the budgeting process.
- Quarterly update / adjustment of budget data.
- Reconciliation of management reporting data with the data of annual financial statements, prepared in accordance with the standards of NP(S)A, with the annual income tax return; identification of inconsistencies; providing comments.
- Preparation of annual and quarterly tax balance sheets (providing transcripts of expenses and income, both deductible and non-deductible for the purpose of income tax calculation).
- Preparation of other management reports at your request.
Reporting is available in either Ukrainian, Russian, English, or German.
What you get
Why Schneider group
Since 2006 SCHNEIDER GROUP has been supporting international companies expanding to Ukraine. Our portfolio includes a full scope of services: from market analysis and partner search to complete accounting outsourcing, legal and tax consulting, and interim management services. We take over all non-core business functions so that our clients can focus on developing their business. We help our clients establishing subsidiaries in Ukraine compliant with local legislative requirements and transparent for international management. Our experts offer advice on best practices to optimise processes, reduce risks and minimise costs.