Management reporting
Gain visibility into the financial health of local divisions operating in Eastern Europe, Central Asia and the Caucasus. We transform reporting prepared under local accounting standards into manage-ment reports under IFRS, US GAAP, German GAAP (HGB) and/or head office corporate require-ments.
Head office needs regular financial reports from local subsidiaries, but these reports are generally prepared according to local rather than international accounting standards. This makes reports difficult to comprehend and integrate into consolidated corporate reporting. Even though local subsidiaries may be legally required to prepare IFRS reporting, they sometimes lack the necessary in-house expertise.
SCHNEIDER GROUP consultants will check accounting reporting according to local standards, analyse head office corporate requirements and generate a set of management reports to ensure that subsidiaries' activities are transparent to shareholders and decision-makers abroad. We will:
- Prepare monthly, quarterly, and annual management reporting for headquarters according to your preferred international standards (such as IFRS, US GAAP or HGB).
- Provide reconciliation and mapping between local data and management reporting.
- Transfer local reporting data to your corporate chart of accounts.
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