How PwC’s Smart Accounting team can help
- Financial and accounting processes are not documented properly, efficiency is low
- Reports from different systems are not reliable
- Sharing information and communication between other departments or subsidiaries is difficult
- There are unreconciled balances in the general ledger
- Difficulties in compliance with all of the information requirements of IFRS reporting
- Unexpected changes in financial information
Financial and accounting processes are not documented properly, efficiency is low
- Comprehensive review of current accounting and financial processes, providing support in documentation.
- Review of period-end closing schedules and tasks.
- Gap analysis between “as-is” and “to be” processes.
- Project and change management.
- Recommendations for process improvement in the short and mid-term.
Reports from different systems are not reliable
- Review of the accounting and reporting systems and the related reports.
- Analysis of system settings, set-up.
- Software based analysis of accounting big data in order to identify trends and patterns of accounting processes.
- Identification of financial and operational risks, provision of recommendations.
Sharing information and communication between other departments or subsidiaries is difficult
- Define information requirements supporting improvement of communication processes and the related controls.
- Organise training and workshops for employees.
- Optimise consolidation and other reporting about new processes, systems.
There are unreconciled balances in the general ledger
- Analysis of past transactions, investigation of unreconciled items.
- Provision of experts to support projects and employees on site.
- Analysis of ERP system settings.
- Software based analysis of accounting big data in order to identify trends and patterns in accounting processes.
Difficulties in compliance with all of the information requirements of IFRS reporting
- Provision of experts to support projects and employees on site.
- Define information requirements, supporting improvement of communication processes and the related controls.
- Organise trainings and workshops for employees on new processes, systems.
Unexpected changes in financial information
- Review of available accounting policy choices and other methods (e.g. hedge accounting, setting up new rules for IC transactions).
- Review of period-end closing schedules and tasks.
- Provision of experts to support projects and employees on site.
Why choose PwC’s Smart Accounting?
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