Despite signs of recovery, today’s economic environment remains uncertain. As companies continue to seek growth in developed and rapid growth markets, challenges clearly remain.
You need to continue keeping a close eye on costs and carefully manage cash flow. You also face an increasingly complex and rapidly changing regulatory environment, in which changes to accounting guidance can impact business decision-making.
And you need to anticipate the impact of key business decisions on your accounting and financial reporting.
- Is your organization raising debt or equity? Acquiring a business? Carving-out a non-core operation? Complex accounting and financial reporting issues can arise as a result of changes dictated by your entity’s capital agenda.
- Are you undertaking a significant business transformation? Assessing how a shared services center can improve efficiencies in your reporting process? Streamlining your accounting policies can help you reduce risk and manage cost.
- Does the business operate in multiple jurisdictions? An assessment of your statutory reporting processes can allow you to manage risk, increase consistency in financial reporting, and realize efficiencies.
- Are you planning to upgrade or replace your existing ERP system? Early assessment of changing accounting requirements should be incorporated into planned migrations to avoid expensive rework later.
The pace of change to accounting standards is unprecedented. Multinational enterprises need to understand how business decisions affect accounting and reporting. They also need practical strategies for managing the impact of accounting changes on their organization.
We can help
Our Financial Accounting Advisory Services practice assists finance leaders in addressing the strategic accounting and financial reporting challenges facing their businesses and the finance function. Our professionals are not only deeply versed in technical accounting, but can provide practical, business-focused advice to leading organizations.