Accounting change services
Helping you solve complex accounting and financial reporting challenges
As you face changes related to deals, consolidations, debt or equity offerings or even bankruptcy, we can help you meet those challenges and preserve the value of your business.
Accounting and reporting challenges include:
- Business combination accounting
- Consolidation/ joint venture formation accounting
- Convertible securities
- Fair value measurement
- Derivatives and hedge accounting
- Lease accounting
- Restatements
- Financial statements compilation
- Deals accounting
Explore our services
- Financial Statements Compilation
- Deals structuring and Accounting
- Impact assessment and IFRS transition plan
- IFRS Training Academy
Financial Statements Compilation
Various clients across many industries face a number of challenges with their annual IFRS financial statements. The following are potential challenges clients face in financial reporting and our approach in addressing these challenges.
Major financial reporting challenges:
- Complex disclosure requirements
- Inconsistencies in reporting quantitative and qualitative information
- Timely delivery of financial statements for authorisation
Our approach:
- Assign subject matter experts on International Financial Reporting Standards
- Design tailored questionnaires to address specific disclosures
- Advise on pitfall areas of inconsistencies
- We work and deliver ahead of tight timelines
Deals structuring and Accounting
Our dedicated experts advise on attaining an optimal deal structure and evaluate accounting implications of these transactions. The team provides solutions to support a broad range of transactions, including acquisitions, divestments, IPOs, PPP agreements, group reorganisations, financial restructurings and strategic alliances.
The team reviews in detail, the specific transaction objectives to be achieved. These are balanced with the relevant accounting, regulatory and commercial considerations to provide you with the optimal deal structure.
Impact assessment and IFRS transition plan
A number of new accounting standards have become effective (IFRS 9, IFRS 15), others will become effective soon (IFRS 16 and IFRS 17). Leading companies are proactively preparing for the change via an impact assessment and a transition plan to ensure optimal adoption. We summarise the five top benefits of acting now as follows:
- You can ensure no surprises. Knowledge is power
- Gives you time to manage key stakeholders including investors, analysts and regulators.
- There’s time to review the impact on KPI’s both at the entity level and various management levels.
- You can manage the outcomes upfront to give you a desired accounting impact.
- Helps you achieve a seamless adoption with minimal disruption to operations.
As part of helping with the implementation of these new accounting standards, we provide trainings to leading companies across industries by working with them to develop training materials specific to their needs.
IFRS Training Academy
PwC's IFRS training is a world class programme delivered by subject matter experts in a comfortable learning environment that will facilitate the assimilation of key IFRS principles.
Our competitively priced IFRS training is open to clients who are looking to acquire or update their IFRS skills, become more employable, obtain IFRS training certificates, obtain ICAN MCPE credits and stay relevant. Participants will also have an opportunity to network and exchange ideas with other professionals.
To see our proposed training dates and curriculum click here.
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