IFRS Financial Statements are of great importance in the decision-making process of investors and are a prerequisite of admission at many stock markets. We support you personally and committed in the preparation of IFRS compliant Financial Statements taking account of your strategic objectives and the regulatory requirements. We are happy to share our experience from other IFRS transition projects with you. 

For us, the most important is a good understanding of your business and your plans. Then the conversion to IFRS accounting is performed in several steps, including:

  • Kick-off and planning meeting
  • Set-up of project team
  • Identification of applicable standards
  • Development of accounting policies for the relevent topics, such as
    • IAS 16 Property, plant and equipment
    • IAS 38 Intangible assets
    • IFRS 16 Leases
    • IFRS 15 Revenue from contracts with customers
    • IFRS 9 Financial instruments
    • IAS 19 Pension
    • IFRS 2 Share-based payments
    • IAS 12 Deferred taxes
  • Implementation work
    • IFRS conversion tool (excel)
    • IFRS consolidation tool (excel)
    • Restatement of comparative periods
    • Layout of financial statements including notes
    • Balance sheet, P&L, CFS, Equity and OCI
    • Notes including all required disclosures
    • Ensure completeness (IFRS-Checklist)
  • Cooperation with Auditors
The above explanations shall, by analogy, also apply for the transition of the accounting to Swiss GAAP FER. 

As specialists, we are supporting local accountancy firms in projects for the transition of the accounting to IFRS or FER standards.

As independent consultants we provide services to audit clients which the auditor cannot provide itself in conformity with professional standards on independence. Such services include the assistance in the preparation of Financial Statements in accordance with IFRS or Swiss GAAP FER and the involvement in the process of consolidation.