Conversion to IFRS and introduction of new standards

In this context, IFRS can provide a decisive advantage and improve relationships with stakeholders. Transparency and information content are the clear guiding principles in this accounting system and signal a forward-looking corporate policy. Particularly in the course of further globalization, this can open up competitive advantages and reduce capital costs, not least through better access to (international) capital markets.

 

In addition, by using globally recognized IFRS accounting standards, internationally operating companies can often take advantage of synergies “of the known”, especially in phases of expansion and subsequent integration.

The world of accounting is constantly changing. It is often difficult for individual users to maintain a constant overview. As the pace of change increases, so does the risk of unpleasant surprises due to new mandatory accounting requirements and accounting standards.

We provide you with a concise overview of current developments in the field of accounting and filter out those that are relevant to you.

On the basis of an ongoing analysis, you should start planning for a successful implementation at an early stage, and we will be happy to support you in this. In addition, the affected employees must be trained promptly so that they can apply the new standards independently and safely in the future and avoid the risks of incorrect accounting. The effects on balance sheet ratios and key financial figures must also be analyzed, especially if these form the basis for contractual agreements (e.g. loan agreements with debt covenants).

We support you in recognizing the relevance of new standards for your company and implementing them successfully in your accounting.