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International Accounting


The importance of international accounting is increasing due to the increasing international interrelations of companies. International investors and foreign banks require a corporate reporting based on IFRS, US GAAP or UK GAAP as they are not familiar with the German GAAP regulations. Some even disapprove the latter regulations as the creation of hidden reserves impedes a true and fair view of the company’s net asset position. In addition, most loan agreements contain clauses (financial covenants) which require that certain performance figures have to be met during the term of the loan engagement. These performance ratios are often based on international accounting.

The application of international accounting standards required a high level of professional and technical challenges to the company. The application of international accounting standards requires also a conjunction between the external accounting with the internal risk and management reporting system. The addressees of the financial reporting data are enabled to make a judgement concerning the risk attitude of the company and the measures to limit these risks.

Overview of my services

  • Conversion of the accounting to IFRS / US GAAP / UK GAAP;
  • Compilation and audit of single and group financial statements in accordance with IFRS / US GAAP / UK GAAP;
  • Compilation and audit of reconciled financial statements in accordance with IFRS / US GAAP / UK GAAP;
  • Compilation and audit of reporting packages for consolidation purposes in accordance with IFRS / US GAAP / UK GAAP;
  • Advice concerning specific accounting issues;
  • Conduct of IFRS trainings;
  • Assistance with purchase price allocations and business combinations.