Strong partners in complex times

Accounting & Reporting Advisory: Expertise that creates trust

In the dynamic environment in which we are currently moving, the requirements on management and supervisory bodies are increasing, because legislation and guidelines – which are partly linked to higher personal liability risks are also continually changing. At the same time, the public and capital markets expect a presentation of the situation for business that is reliable and comprehensive.

Your question is – who can help us with in-depth know-how on the topic of accounting and reporting? Can we outsource certain components to competent and reliable advisors to increase efficiency?

Grant Thornton Germany brings trust and security!

Our range of services particularly includes:

  • Comprehensive support with special issues such as purchase price allocation (PPA), impairment tests or provisions
  • Our structured approach for PPAs:
    - analysis of the background to the transaction (reasons, structure, etc.)
    determine the acquisition date, calculate acquisition costs
    - identify assets and liabilities (including those as yet not recognised), derive the fair values of the acquired assets and liabilities, 
    determine deferred taxes
    - derive goodwill, analyse the effects on the balance sheet and statement of profit and loss, follow-up accounting (impairment test)
  • Calculate and present accounting effects relevant to decisions for planned corporate transactions or intercompany reorganisations
  • Expansion to include questions on the notes to the financial statements: Completeness of the notes in compliance with the principle of materiality
  • Provide information and development of plans to prepare for IFRS conversion
  • Provide tools and methods to execute the conversion quickly and with focus.
  • Specialist support with profound IFRS expertise and practical experience from numerous conversion projects
  • Assistance with the entire conversion process to initial compilation of IFRS financial statements
  • First summary of the changes
  • Thorough study of present accounting
  • Support with implementing new processes or tools
  • Company-specific implementation of the new standards
  • Impact analysis and selection of software support
  • Compilation and adjustment of documentation
  • Tagging simulations
  • Strategic and tactical communication planning
  • Process management and specialist support
  • Research in literature and databases
  • Suggestions for argumentation and formulations, responses to complex issues
  • Assistance with talks with FREP auditors
  • Support with case-based queries to FREP on pre-clearance proceedings
  • Compilation of requirement lists and an accounting policy
  • Development of group reporting and consolidation plan
  • Preparation of the separate financial statements for consolidation (procedures for HB II , currency translation), compilation of a uniform group chart of accounts
  • Consolidation of capital, liabilities, intercompany profits, income and expenses
  • Calculation and adjustment of deferred taxes
  • Proportionate consolidation and equity-method consolidation for non-consolidated entities
  • Compilation of the consolidated financial statements and the notes to the consolidated financial statements in compliance with the relevant German Accounting Standards (DRS) or international accounting standards.
  • Set up of organisation for compilation of consolidated financial statements, process optimisation
  • Development of business processes to compile and approve the (group) management report
  • Conceptualisation and support with identifying specific, mandatory contents
  • Analysis regarding conformity with GAS 20: “Group management report” and IDW PS 350 (revised): “Audit of the management report as part of the annual audit” with recommendations for formulation
  • Support with identifying the most important financial and non-financial performance indicators
  • Support with compiling documentation
  • Written opinions on the theoretical basis of complex accounting matters
  • Involvement in the current specialist discussions on individual German GAAP/IFRS issues
  • Support with compiling argumentation
  • Clarification of issues of fact by a neutral third party
  • Support with selecting the framework to be applied
  • Description of the business model and plans followed by the company, including applied due diligence processes and results
  • Materiality analyses complying with the legally required double materiality
  • Identification, assessment, management and reporting of non-financial risks
  • Development of measures, indicators (non-financial performance indicators) and targets 
  • Basic training for accounting staff
  • Follow-on and advanced seminars on specific topics for specialists
  • High level training courses for directors and board members
  • Workshops and seminars according to specification
  • Regular update seminars to present new rules and on-going projects (German GAAP, IFRS and US GAAP)
We build trust in your reporting.

Excellence in accounting & reporting advisory

Our experts will be glad to render you their support with comprehensive advisory services. The size and make-up of the teams is tailored to our clients’ individual needs.  An interdisciplinary collaboration with our outstanding colleagues from tax and legal advisory is a matter of course.

Our specialists in accounting & reporting advisory have many years of practical experience in the preparation and auditing of national and international companies. They also sit on national and international auditor committees and are represented by Grant Thornton International, thereby actively working on the further development of accounting and reporting. Take advantage of our experience and expertise!