Your personal financial reporting advisor
K2, K3 or IFRS? Which financial reporting standard your company applies depends primarily on the size of your company. However, a couple of situations could trigger a requirement of a conversion to another financial reporting standard. A growing company would eventually need to convert from, e.g. K2 to K3, but an IPO may also trigger a requirement of a conversion, e.g. from K3 to IFRS (on regulated markets, e.g. OMX Nasdaq).
Regardless of financial reporting standard, there are continuous changes, as well as questions regarding interpretations of the standards. Our specialists will gladly assist you with consultancy services for technical accounting, both theoretical and practical.
Recent changes within your business?
Changes in the organization is a part of doing business. Mergers or acquisitions, divestments of associated companies or a new ownership structure. All of these are examples of actions that can lead to a need for adjustments in the financial reporting. In some cases, a need to create or adjust a consolidated report arise, while in some cases a need for a conversion to another standard might be required. At RSM we will help you with everything from advisory before – to establishing of – your first annual report as a new consolidated corporation, as well as with a new financial reporting standard.
Specialist IFRS and related regulation implementation support
IFRS (International Financial Reporting Standards) is the common language of the global business community. Regardless of whether you run a listed company or business voluntarily adhering to IFRS, we can help you implement IFRS and will tailor our work to meet your needs. Our specialists have been focusing on the development of the IFRS regulatory framework for well over a decade. Customisable and personal to each one of our clients, let our knowledge and experience become yours.
Our specialisms include:
- Consolidated reporting and cash flow statements
- Annual- and interim reports
- Management of adjustments between domestic and international accounting principles
- Adjustments of internal reports for management purposes
- Impairment testing
Please contact your local RSM office if you need any help in a specific question.