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ASSURANCE SERVICES

 
 
Financial Accounting Advisory
 
SMS's Financial Accounting Advisory Services teams leverage their extensive expertise to bring together global, multi-disciplinary teams. We offer deep sector knowledge to help you navigate the complex finance issues facing your business.
 
Transaction accounting and financial reporting assistance
 
Our team works with you to optimize the transaction outcome by addressing key accounting and regulatory challenges that arise on mergers, acquisitions, and divestitures including:
 
⇒      Identification and analysis of accounting issues

⇒      Analyzing financial and regulatory impacts

⇒      Preparing opening balance sheets, carve-out, proforma or combined financial statements

⇒      Modeling of impacts on future income statements, balance sheet items, and KPIs

⇒      Analyzing financial communication and competitor benchmarking

⇒      Working with our transaction advisors on valuation projects and determining the PPA
 
Shareholders, regulators and professional bodies are taking a greate interest in how companies derive, report, disclose and communicate the about-the-financial position.
 
Companies seeking to optimize their business face complexity in bot, FRS, and US GAAP accounting for mergers, acquisitions, IPOS, and carve-outs. Accounting convergence also changes the requirements for reporting on financial instruments fair value accounting impairments and
revenue recognition.
 
The current environment secures business to be able to access the concerns of their stakeholders and be prepared to change processes in order to adapt accounting and finance practices. This will allow them to ensure they are positioned to respond to market demands both now and in the future.

Accounting Standards and regulatory requirements
 
The current environment secures business to be able to access the concerns of their stakeholders and be prepared to change processes in order to adapt accounting and finance practices. This will allow them to ensure they are positioned to respond to market demands both now and in the future.
 
We support companies in implementing new accounting standards and regulation in their business. Our support includes assistance:
 
Implementing IFRS for published or forthcoming financial statements including advice on notes to financial statements and adequacy of documentation
 
Technical assistance in complex accounting issues and enhance financial information as well as analyzing and improving information gathering process and competitor benchmarking
 
 Meeting local regulatory requirements under their local GAAP
 
Identifying your reporting needs and the impacts in the implementation phases
 
Understanding the impact on your accounting information systems
 
Understanding the tax implications to assist to proactively control and manage tax reporting requirements and the effective tax rate
 
Benchmarking and analysis of prospective impacts of accounting standard developments on financial statements Accounting and financial processes
 
The need to improve your business systems and processes can arise at any time. Our team Works with clients on:
 
Help them to design and enhance accounting and financial reporting processes as well as КРIS
 
Redesigning accounting processes to ensure effective and efficient control
 
Transitioning from cash to accrual basis accounting in public sector organizations
 
Monitoring long-term contract performance - Reviewing sources of loss of accounting control and assist in the implementation of accounting remediation plans
 
Enhancing their cost accounting system
 
 
Budgeting & Planning
 
SMS provides a proven track record of implementing powerful business intelligence and financial performance management applications that are designed to address the planning and forecasting challenges faced by organizations everywhere. 
 
SMS'S Budgeting, Planning and Consolidation solutions can help free up your time for more strategic, value-added activities that can grow your business. The solution combines planning, budgeting, and forecasting capabilities with management and legal consolidation functionality in a single solution, so you can shorten budget cycle time, close the books faster and ensure compliance with regulatory and financial standards.
 
Salient features and functions include:
 
Familiar interfaces:  Leverage Microsoft Excel, PowerPoint, and Word interfaces, plus the Web
 
Business process flows: Drive process consistency and visibility Business planning - Streamline sales, revenue, CAPEX, cash flow, and other planning processes 
 
Top-down and bottom-up budgeting: Conduct top-down and bottom-up budgeting for more aligned and Supported budgets 
 
What-if analysis and scenario planning:  Model different scenarios and assess potential future outcomes to determine a preferred course of action Support for driver-based planning and other budgeting methodologies
 
Variance reporting: Perform plan versus actual comparisons and quickly determine root causes of variances 
 
Financial close: Shave days and weeks off closing the books - and get a full view of your financial landscape - with functionality for currency conversions, intercompany eliminations, multi-tier allocations, journal entries, and various reports
 
Compliance and statutory reporting: Ensure Sarbanes-Oxley and standards compliance, including IFRS and GAAP; integrate with Corporate governance, risk, and compliance solutions
 
Budgeting and forecasting are one of the core functions undertaken by Finance departments, increasingly industry analysts, and software vendors are taking about Corporate Performance Management or Business Performance Management. These terms are about now organizations ink strategy to operational execution by forecasting outcomes then measuring and analyzing results - at the heart of which is the budgeting forecasting and reporting

  • FINANCIAL ACCOUNTING ADVISORY
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