Capital Markets and Accounting Advisory Services

An IPO is a cornerstone event for an organisation, and preparation for “being public” is just as important as preparation for “going public”. Ensuring maximum value from an IPO requires confidence, decisiveness, and the right foundation for success.

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SPACs continue to gain popularity as a potential liquidity option for many companies. This method allows for a substantially shorter timeline than a traditional IPO but brings its own unique set of challenges.

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Integrating environmental, social and governance (ESG) in corporate strategy continues to take priority globally. Green and sustainability-linked loans have presented significant opportunities for companies to transition to more sustainable practices to create value.

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Challenge:

With development of new markets and innovative solutions such as green instruments and crypto assets, existing accounting standards may not contain clear answers. Companies will have to develop their own accounting policies that are consistent with applicable accounting standards. In some cases, business model changes and companies may have to consider change in accounting policies.​

As companies respond to crisis situations and regulatory changes, they may have to consider restructuring, capital raising, contract modification and the related accounting implications.

The evolution of accounting standards have also made them more complex to implement. Particularly where auditors or regulators have raised concern, companies may need to seek independent advisory to align their application with the requirements of accounting standards.

PwC solution:

We offer a comprehensive suite of accounting services designed to meet your specific needs, ensuring precision and compliance across various aspects of your financial operations, including:

• End-to-end implementation for new businesses or new accounting standards, covering key transaction identification, accounting considerations, policy development, and system reporting changes
• Holistic transaction-driven advice from structuring specialists, helping you understand the accounting implications of different structures while considering commercial rationale and impacts on other areas
  
• Compliance-driven advice from PwC, identifying gaps and ensuring consistency with applicable accounting standards, backed by expertise in financial instruments, revenue recognition, business combinations, and other accounting topics, along with industry best practices
  

Challenge:

With the emergence and use of green products, companies will have to understand their accounting implications. While entrants in the sustainability sector face the challenge of developing accounting policies, some companies face the need to restructure.​

As stakeholders demand businesses to be held accountable for their environmental impacts, sustainability reporting has become an essential accompaniment to financial reporting. It is a developing area, and therefore questions and challenges abound. What are the digital solutions for ESG reporting?

PwC solution:

Our approach embodies who we are: a multi-disciplinary team that works together to help your company transit to the new economy. Our services include (not limited to):​

• Accounting advisory for ESG products (e.g. carbon credits, virtual power agreements, sustainability-linked instruments) and setting up of accounting policies
  
• Accounting advisory for restructuring
• Advise on quantification of climate scenarios to financial statements
• Implement and digitise ESG reporting
  

Challenge:

Access to real time data is critical for effective decision making. However, traditional reporting processes in most organisations mean that finance functions require significant turnaround time on generating reports for management that are historical-focused and unable to deliver predictive insights.

PwC solution:

Intelligent automation is transforming the business landscape, offering organisations sustained advantages through digitisation, and we can support you in your transformation journey for reporting where the finance team is a ‘true business enabler’:

• Reducing costs while improving controls, quality, and scalability
• Supporting your transformation to a finance team that acts as a "true business enabler"
  
• Leveraging our multidisciplinary team with expertise in finance processes, accounting and reporting and technology to help you navigate the complexities of implementing reporting solutions
  

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Challenge:

Finance functions are operating in a complex and rapidly changing environment. The role of a finance function has been changing from scorekeeping and ensuring compliance to reporting requirements to business partnering that brings insights based on financial data. A step up in business partnering is often cited as a key driver of improved business performance. Yet questions frequently remain about the processes, tasks, skills and organisational components of successful business partnering.​

To transform into a true business partner, Finance needs to reduce the time spend on transaction recording and reporting of past information by considering the key changes below and operates out of a leaner core to focus on value-adding activities such as analysis and insight.​

• Simplify, standardise and automate manual processes​
  
• Standardise reporting across group and legal entities​
  
• Increase trust in data​

PwC solution:

We support Finance to transform towards a new operating model for reporting. This helps Finance to improve productivity and reduce costs. As a result, Finance can focus on playing an advanced strategic business partnering role, collaborating with various departments across the organisation and supporting enterprise value creation. ​

• Set up or re-design and optimisation your core finance processes
  
• Set up and implementation of new accounting policies, data gathering and reporting processes, models for complex accounting computation, and reporting systems to address complex accounting and financial reporting issues
  
• Design and implement accounting and reporting requirements changes, including re-design of chart of accounts, uplift of policies and reporting processes due to changes in reporting requirements e.g. new financial reporting standards requirements, new sustainability reporting requirements
  

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Challenge:

With the unique market landscape we are in today, coupled with the unprecedented operational challenge of accessing skilled and experienced resources and evolving technology advancement, companies are looking for new ways such as a dynamic service delivery model in order to operate their business effectively and efficiently.​

Our managed services deliver a scalable solution to help companies tackle the challenges and optimise operations, solving complex issues from both the financial reporting and non-financial reporting areas. We provide a team of skilled and experienced professionals with deep knowledge and insights on technology and process, and they will be able to work hand in hand with you to achieve your success.

PwC solution:

You may outsource the responsibility for maintaining and performing a range of accounting and financial reporting processes and functions to us:

For lease accounting

• Manage lease accounting for the entire lease portfolio including contract review and quantifications, covering new lease contracts, lease modifications, terminations
  
• Perform reconciliations and preparation of journal entries
  

For revenue accounting

• Manage revenue accounting include review of new contracts or modifications
• Tracking of revenue recognition by contracts/ projects based on progress/ milestone/ performance obligations
  
• Perform reconciliations and preparation of journal entries

For hedge accounting

• Manage end-to-end hedging accounting including hedge designation for new hedges, modifications, hedge documentation, effectiveness assessment and journal entries
• Tracking of hedge designation for effectiveness assessment

For other reporting needs

• Consolidation supported by software solutions
• Last mile of reporting including financial statements, management reports, and group reporting supported by software solutions
  
• Maintenance and update of accounting policies
  

Our managed services delivery models:

Using your current system and processes

• How
  We deliver tasks within your current systems and processes using your existing templates
  
• Benefit
  Minimal disruptions to your existing operations
  

Using digital reporting solutions

• How
  We deliver tasks using appropriate software solutions to enable us to perform more efficiently and cost-effectively
  
• Benefit
  Seamless transition to automated reporting processes for the future
  

Providing additional capacity

• How
  We deliver tasks by providing additional capacity using your systems or software (cloud or on-site)
  
• Benefit
  Access to additional resources and capacity without the need for hiring
  

Challenge:

Accountants have to keep up to date with changes in accounting standards, as well as development in the sustainability reporting guidelines. In the face of growing demands from stakeholders and scrutiny from regulators, there is a need to upskill fast.

PwC solution:

Our range of training courses aim to provide you with the latest updates for IFRS (or SFRS(I) or FRS) and sustainability reporting (e.g. ISSB, TCFD), while considering trending topics. We offer trainings in different modes, including:

• Full face-to-face workshops for greater interactivity with the trainers and peers
  
• Virtual training for convenience
  
• E-learn modules to supplement your ongoing professional and technical development journey
  
• Customised corporate training that is tailored to your business and industry
  

Learn more about our training offerings