Consolidation & IFRS Standards

For which companies ?

For companies that already apply IFRS standards or aim to apply them due to thresholds or financial strategy reasons.

Process Overview

• An introductory meeting (can be conducted online).

• Review and analysis of existing financial processes: annual reports, management reports, notes to consolidated financial statements, reference documents (if applicable).

• A planning meeting to define objectives, the scope of intervention, and key challenges.

• Optional: Preparation of analyses and IFRS memos independently or in collaboration with the teams.

• Training for accounting and reporting teams on the applied methodology and impacts.

• Identification and deployment of new processes, including upgrades to existing processes.

• Updating financial statements, annexes, and other communication materials (if applicable).

• Collaboration with external providers or internal IT teams to ensure information system upgrades.

• Monitoring and support during accounting closures to ensure proper implementation of new processes and validation of financial impacts.

• Coordination with auditors (CACs) to validate adjustments and annex disclosures.

Note: I do not offer subcontracting services or assistance in producing consolidated accounts. My work focuses on preparatory activities and second-level review during closures.

For which industries ?

Applicable to all industries.

Benefits

• Reducing Operational Pressure: Delegating this mission to an expert relieves teams already focused on their daily activities, ensuring better resource allocation.

• Optimizing Time Management: Teams, better trained and equipped, become more autonomous, leading to smoother and more efficient task management.

• Strengthening Internal Competencies: Progressive support enhances team capabilities, enabling them to effectively adopt new standards and/or strengthen their consolidation work.

• Reliability and Compliance: Ensuring the accuracy of financial impacts and statements to minimize the risk of errors or non-compliance.

Duration and Pricing

Various options are available:

• Independent review of consolidated accounts and selected options, focusing on quality of consolidation and IFRS processing for one fiscal year. This review may take 6 to 12 weeks, depending on the consolidation scope and operations.

• Account analysis for applying a new standard, measuring impacts, reprocessing workflows, and upgrading communication documents and systems. This could range from a 2 to 8-months project, with support during at least one closure period.

• Review of information systems and automatic processes, requiring 1 to 3 weeks.

• Review of reference documents and published information (notes to consolidated statements, financial statement formats, and annexes), including analysis of existing processes, requiring 3 to 8 weeks.

Note: For each intervention, access to the consolidation system is required (read-only access).

Pricing is determined after an introductory meeting and depends on the objectives, applicable standards, and the complexity of your consolidation operations.

Any questions ?

Answers within 48 hours

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