Management reporting

Gain visibility into the financial health of local divisions operating in Armenia, Belarus, Kazakhstan, Poland, Russia and Uzbekistan. We transform reporting prepared under local accounting standards into management reports under IFRS, US GAAP, German GAAP (HGB) and/or head office corporate requirements.

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.

SCHNEIDER GROUP's labour and migration law services include:

  • Recommendations and support on labour and migration law issues
  • Advice on changes in organisational structure (downsizing) and optimisation of staffing costs
  • Support during layoffs due to company liquidation
  • Audit of HR documents, internal regulations, policies, and other local regulations
  • Legal support for employers in labour disputes; assistance in complicated dismissals, including dismissals for violations of labour discipline and dismissals of protected categories of employees; negotiations with employees; legal representation
  • Representation of your business before regulatory and supervisory authorities (State Labour Inspectorate, Prosecutor's Office, Ministry of Internal Affairs, etc.)
  • Advice on transferring employees to remote work (both permanent and temporary), and assistance in drafting necessary documents
  • Development of employment contracts, job descriptions, internal policies, orders, and other internal regulations
  • Audit of civil law contracts to analyse employment relationships and minimise legal risks
  • Advice on the types of work activities that can be allocated to foreign nationals depending on their visa and other supporting document types
  • Full migration support, including technical, work, and business visas, patents, and work permits
  • Drawing up and submitting necessary notifications on the conclusion of an employment agreement with a foreign national; fulfilment of payroll obligations to foreign highly qualified specialists (HQS)
  • Advice regarding special working hours (e.g. accounting of total hours worked, flexible schedule, shift schedule)
  • Consulting on personal data processing and protection of trade secrets; assistance in drafting necessary documents

Reporting is available in either Russian, English or German.

What you get

TRANSPARENT REPORTING ACCORDING TO YOUR STANDARDS
We prepare management reports in accordance with both regulatory requirements and head office corporate standards. If necessary, we will provide templates created by SCHNEIDER GROUP based on our many years of experience preparing management reports for international companies. We will make all necessary changes to the templates to account for information that is important to your business.
AUTOMATED REPORT PREPARATION
We will help you to automate your IFRS accounting using suitable software such as 1C, SAP, Navision and Oracle. We integrate local accounting systems with the solution used by head office to exchange data in real time. We set up automatic generation and distribution of reports with information you require, such as warehouse stock, invoiced amounts, accounts receivable etc.
ACCESS TO SOURCE DATA
In addition to final reports, we provide working files to monitor all adjustments, from the local trial balance to the financial information stated in the report. We simplify data verification for head office, thus saving time spent clarifying details with local divisions.

Why Schneider group

OPTIMISED ANALYSIS AND REPORTING
We always try to do what’s best for our customers. We examine your requirements, ensure that the scope and format of the project truly matches your goals and propose solutions that optimise the presentation of your specific financial information. We provide free consulting to improve 3-way communication between our consultants, local divisions and head office during the preparation of reports.
FOCUS ON LONG-TERM PARTNERSHIP
We go the extra mile, because we aim to form long-term partnerships with our clients. We ensure that data is consolidated across multiple local divisions and transfer it to head office in a timely manner. If necessary, we will prepare additional explanations regarding certain operations accounted for in the reports, in your choice of either Russian, English or German.
RELIABLE, HIGH-QUALITY SERVICE
For each client, we put together a project team comprising experts with extensive relevant industry experience in cross-cultural environments. Our employees receive regular training and undergo a competence assessment twice a year; time after time, SCHNEIDER GROUP is ranked among the largest providers of accounting outsourcing services.
FREE ACCOUNTING & REPORTING EXPRESS-CHECK
When clients order accounting or management reporting services, we carry out a free expedited audit of their activities and check the accuracy and quality of their accounting and tax reporting. Afterwards, we analyse the findings and prepare a comprehensible summary report concerning any shortcomings identified, with practical recommendations for remedying them.

About SCHNEIDER GROUP

SCHNEIDER GROUP has been helping businesses to expand to new geographical markets since 2003, offering a full range of business support services: from developing strategy for successful market-entry to helping arrange or optimize accounting, reporting and financial planning processes and establishing efficient IT infrastructures.

500 top experts in 9 countries take care of all resource-consuming non-core business tasks, so our customers can focus on achieving their business goals. We offer services in Armenia, Austria, Belarus, Germany, Kazakhstan, Poland, Russia and Uzbekistan, with minor regional variations. Get in touch via our contact form to request details of specific service packages available in your target country.

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