EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
Whether your business is looking to grow in already mature or emerging markets, overcoming the many challenges that arise is crucial.
We are here to support you in building an effective finance function through a wide range of accounting, reporting, and analysis services. Understanding the impacts of your business decisions is important in light of increasingly complex, extensive, and constantly evolving regulations.
Read more about the services we offer pertaining to financial reporting and Financial Accounting Advisory Services (FAAS):
The CFO Consulting service is a one–stop shop for all technical accounting questions. Normally, but not exclusively, focused on the most complex of accounting questions, this service can provide you with the support required when entering into or interpreting existing contracts, as it combines deep commercial as well as accounting insight.
We are always ready to help your company with complex accounting issues in accordance with IFRS or local financial reporting standards. Whether, for example, your company plans to carry out an acquisition of a business (IFRS 3 Business Combinations) or a restructuring of an existing business, has entered into a sale and leaseback transaction (IFRS 16 Leases), wants to investigate the possibility of applying hedge accounting (IFRS 9 Financial Instruments), reports a share-based compensation program (IFRS 2 Share-based Payment) or is facing other challenges, we can assist you according to your circumstances and needs.
We can help you through improvement projects related to your interim and full-year reporting. The project includes, among other things, proposals for improvements by reducing “noise” in the information, reworking and structuring note information, automation of processes, standardizing procedures to reduce time consumption, as well as compliance with applicable disclosure requirements.As accounting regulations develop, we can assist you in identifying which areas affect your business, analyse impacts and document the analysis and your position paper, as well as update financial reports and external reporting (including digital reporting in the form of ESEF/iXBRL) to meet the applicable requirements.
As accounting regulations develop, we can assist you in identifying the developments that affect your business, analyze impacts, and document the analysis and your position paper, as well as update financial reports and external reporting (including digital reporting in ESEF/iXBRL) to meet the applicable requirements.
Within sustainability reporting, we work with guidance relating to the reporting of climate impacts on financial reports, i.e., the connection between the sustainability information presented in the sustainability report and financial reporting, with a focus on how individual companies' financial reporting is affected.
Long-term power purchase agreements (PPAs) are an increasingly popular way for large corporates to reach ambitious renewable electricity targets while achieving power price security and cost savings. We can assist you in understanding the broader financial and non-financial impacts and reporting treatments by providing accounting and reporting treatment guidance issued in accordance with IFRS or local GAAP equivalent.
With years of experience, we are specialized in assisting customers in accounting standard conversions. There are many options for implementing the conversion, and we take your company's special needs into account.
We can assist you with an impact assessment, which provides clarity as to whether it will be beneficial for you and your company to convert to IFRS / local financial reporting standards.
If you have already decided to proceed with a GAAP conversion, we can help you identify the most important consequences and considerations for the financial statements. We can assess the need to update systems and processes, help you implement the new accounting policies you have selected, train your key people, as well as prepare a skeleton chart of accounts and financial statements that take care of your reporting needs.
A GAAP conversion entails many decisions related to accounting policies and will affect your financial figures. We can assist with a benchmark analysis that compares you against a relevant reference group and help assess how contracts can possibly be changed to adapt to a new accounting framework.
We help you achieve increased efficiency and quality to improve the financial statement close process, financial reporting and the finance function. Our offering includes the following services:
Improve the reporting process to free up resources for more value-creating activities, such as analysis and management support
Map, evaluate, develop and streamline activities and processes within financial reporting
Design management reporting and advise on the implementation of relevant financial key figures to ensure appropriate reporting
Assist in changing and adapting processes, personnel and systems related to the finance function
Advise on or assist in increasing efficiency and effectiveness via redesign of consolidation processes by implementing higher degrees of automation and standardization
At times when companies are under pressure to quickly adapt their service and product offerings to a globalized market, changes in operations must also be analyzed from an accounting perspective. We see that adjustments to operations may involve acquisitions of existing companies or group restructurings. Corporate transactions place high demands on quickly analyzing accounting effects and updating the analysis constantly in accordance with the latest regulatory changes.
Our advisors and specialists support you in analyzing effects prior to the implementation of the transaction as well as in the practical implementation and documentation of the accounting aspects of these transactions.
Examples of our offerings include:
Acquisition reporting and questions regarding the accounting treatment of contingent consideration, agreements with minority shareholders (put/call options), reverse acquisitions and other parts of structuring transactions
Proforma accounting and other types of financial information for presentation in prospectuses or for other types of transactions
Accounting for spin-offs and presentation in financial reports as well as preparation of consolidated financial reports for the divided business prior to listing or sale
Accounting for mergers and other types of group restructuring
Supporting companies in developing and documenting accounting policies for the entire group
Ongoing support in accounting issues
A successful listing of equity or debt instruments can take your company's growth story to the next chapter. However, making a decision on how and when to list – while making sure your company is ready for this – is not easy. The key is the right preparation, an experienced advisor and effective implementation. The journey to a successful IPO requires months of advance planning related first to the IPO itself and then to operating as a listed company.
On the business transformation journey from a private operator to a company operating in the public market, your company faces numerous management challenges. It is the responsibility of the CFO and other executives to find the right balance between the transactions related to the IPO and the day-to-day operations. EY CFO Consulting will leverage our global network, market leadership, industry expertise and experience in guiding your company both during and after the IPO to help your company reach its full potential.
To help your company respond quickly to overcome the challenges of financial reporting, we offer a wide range of training opportunities for your employees. The training takes into account the specific needs of your company. We have experience in the development and implementation of trainings for companies operating in the private sector, public administration and finance.
Our trainings are designed to assist to achieve the following benefits:
Support your company to overcome current challenges.
Prevent future challenges by empowering your company's employees.
Help identify new opportunities through collaboration and employee training.
By showing interest in your company's current needs and future aspirations, our team is happy to deliver a dynamic and tailored training program suitable for your business.
