Accounting and reporting methodology advisory
Leveraging more than 20 years of methodological expertise, FBK serves as a knowledge hub for resolving complex accounting and reporting challenges. We develop policy documents: methodologies and regulations to address latest business needs triggered by the issuance of accounting standards and changes in the clients’ business.
FBK methodology specialists unify accounting approaches across group or holding structures and draft regulatory documentation – internal policies for group-wide compliance.
We know how to provide accounting convergence – develop integrated models bridging financial, tax, and management reporting.
Besides methodological documentation, FBK’s team is engaged in operational implementation, designing processes to embed methodologies into client business workflows.
Our methodologists conduct training programmes and workshops on emerging IFRS/RAS reporting requirements and resolve unregulated accounting issues through professional forums.
- Needs assessment and diagnostics
- Current methodology and internal regulation evaluation
- Identification of factors in need of change (new standards, changes in business, accounting process consolidation in a group of companies)
- Interviews with key stakeholders and analysis of existing accounting processes
- Definition of objectives and requirements for future methodological documents
- Approach alignment
- Defining best-practice accounting framework design
- Cross-process impact assessment
- Group-wide standardisation strategy development
- Stakeholder validation of the designed accounting model
- Development and approval of methodological documentation
- Preparation of methodological guidelines, regulations, and internal regulatory documents
- Approval of documentation with the management and key stakeholders.
- Formalised accounting methodology
- Approved methodological guidelines, regulations, and internal policy manuals.
- Unified accounting principles tailored to your business specifics and corporate structure.
- Compliance risk reduction
- Full alignment with latest accounting and tax requirements
- Minimised errors through clear procedures and clear instructions and regulations.
- Simplified group accounting in a group of companies
- Standardised accounting processes across holding companies
- Scalable methodology for other business units and divisions
- Optimised accounting function
- Streamlined processes ensuring transparency and control
- Synchronised financial, tax and management reporting
