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Financial Accounting Advisory ServicesWe know that quality in accounting and financial reporting means more than just following a set of polices a procedures. It means delivering a powerful and superior client experience across borders, while also managing the business risks posed by changing regulations and a volatile economic environment.
EY’s accounting, regulatory, compliance and IT professionals combine technical expert its business and industry insights. Whether your focus is on managing complex accounting requirements or addressing governance and regulatory issues, having the right advisors on your side can make all the difference. Our seasoned multidisciplinary teams help clients navigate the ever-changing accounting and reporting landscape, so they can face their challenges with confidence.
Your EY team will understand your industry and use proven, integrated methodologies to help you solve your most challenging business problems, deliver a strong performance in complex market conditions and make improvements sustainable for the longer term. We understand that you need services that are adapted to your industry issues, so we bring our broad sector experience and deep subject-matter knowledge to bear in a proactive and objective way. Above all, we are committed to measuring the gains and identifying where the strategy is delivering the value your business needs.
High-performing teams, delivering exceptional client service, worldwide
EY | Assurance | Tax | Transactions | Advisory
About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee,does not provide services to clients. For more information about our organization, please visit ey.com.
© 2013 Ernst & Young, s.r.o. | Ernst & Young Audit, s.r.o. | E & Y Valuations s.r.o. All Rights Reserved.
ey.com
Contacts
Alice Machová Senior manager
Tel.: +420 225 335 169 Email: [email protected]
Martin Skácelík Partner
Tel.: +420 225 335 375 Email: [email protected]
Klára Mádlová Senior manager
Tel.: +420 225 335 366 Email: [email protected]
Michaela Kubýová Partner
Tel.: +420 225 335 608 Email: [email protected]
Financial Institutions
Achieve best-in-class accounting and reporting• Technical assistance in complex
accounting issues (CAS, IFRS and US GAAP)
• IFRS conversion• Preparation of
accounting manuals
Meet regulatory, governance and financing-related needs• Transaction accounting• IPO assistance• Analyses of new regulation
and compliance
Achieve best-in-class accounting and reportingFinance functions face two key issues in today’s environment:
1. Constant changes to accounting and reporting regulations to achieve convergence of standards worldwide
2. Complex cross-border merger and acquisition activities, requiring continuous asset portfolio management
Successful organizations assess and understand the complexities of reporting financial performance-related decisions in a constantly changing business
environment. When needed, they increase efforts around financial management, access technical IFRS expertise, and maintain clear and consistent accounting policies and guidelines.
How strong is your business position?
We will use our technical knowledge to support you in GAAP conversions, prepare notes, streamline your internal processes and keep up to date with accounting standards, IT systems and evaluation of long-term contracts. We also guide you in strengthening your procedures, improving efficiencies and reducing errors in your financial information.
Meet regulatory, governance and financing-related needsAs regulatory requirements become increasingly complex and demanding, stakeholders look for solid evidence of good corporate governance and compliance, and expect timely, effective communications. The finance function also often plays an extended role in a business, from managing financial and operational aspects of transaction to overseeing foreign exchange exposure.
Improve your accounting through IT and process enhancementCompanies often struggle with effective management oversight, cost pressures and growing regulatory requirements. Many have difficulty monitoring all their methods and controls.
Do you face the same challenges?
Working alongside you, we can assess, transform and reorganize your finance and control functions, align accounting processes and metrics following new acquisitions, improve the financial statement close process, evaluate and redesign internal controls, and provide accounting and financial support on consolidations. We will assist with tax-reporting packages and
All processes and IT systems must align for reporting financial information to stakeholders and lenders.
Consoli-dated
reporting
Group or business areas
Shareholders or lenders
Management
Investor reporting
Liquidity reporting
Manage-ment
reporting
Covenantreporting
Harmonized financial information
Single and consolidated financial statements
(local GAAP)
Financial accounting
Cost accounting
Information and data management
Bookkeeping system and IT system
Cash and treasury
Single and consolidated financial statements
(IFRS, US GAAP)
Address other audit, attest and accounting impactsManagement teams often receive recommendations on process and control improvements, and require external assistance to augment a lack of resources or technical expertise.
How do you deal with these recommendations?
We focus on eliminating the deficiencies affecting the production and results of your financial reporting. We offer accounting and individually tailored training sessions to keep your employees playing at the top level. We can also help you unlock hidden value in your business by using the information contained in your data to gain competitive advantage.
Fair market value calculation and benchmarking
Finance and accounting executives now use increasingly sophisticated techniques to value financial instrument portfolios. This complex area has a high risk of error. We can provide you with an independent analysis of your financial portfolio, benchmarking information and advice on your related processes and controls, to help you face the future with confidence.
5. Sustain
4. Implement
3. Design
2. Diagnose
1. IdentifyFair market value calculation and benchmarking.
Manage and execute remediation project as a whole. Communicate results back to the auditor or reviewer.
Design and agree an action plan, considering regulatory and accounting changes.
Organize all audit and review findings.
Analyze root causes,combine into groups and
assign to existing projects.
Remediation process
2
3
4
51
Improve your accounting through IT and process enhancement• Consolidation and reporting• Financial processes and data
analytics
Your Financial Accounting Advisory agenda
Address other audit, attest and accounting impacts• Audit remediation• Training services for
business professionals (CAS, IFRS and US GAAP)
determine and document actual and budgeted effective income and tax rates. We can also use analytical methods to leverage existing data and boost performance.
Our audit remediation approach
Is your business well positioned to meet its requirements?
We will help you:• Address new regulatory requirements• Account for financial derivatives
and commodities• Navigate your IPO or refinancing journey• Address accounting impact of transactions • Assess potential effects of transactions
on future financial issues
Post
-dea
l phase Pre-deal phase
Implem
enting phase Contracting
phas
e
Transaction Accounting
Financial Accounting Advisory ServicesWe know that quality in accounting and financial reporting means more than just following a set of polices a procedures. It means delivering a powerful and superior client experience across borders, while also managing the business risks posed by changing regulations and a volatile economic environment.
EY’s accounting, regulatory, compliance and IT professionals combine technical expert its business and industry insights. Whether your focus is on managing complex accounting requirements or addressing governance and regulatory issues, having the right advisors on your side can make all the difference. Our seasoned multidisciplinary teams help clients navigate the ever-changing accounting and reporting landscape, so they can face their challenges with confidence.
Your EY team will understand your industry and use proven, integrated methodologies to help you solve your most challenging business problems, deliver a strong performance in complex market conditions and make improvements sustainable for the longer term. We understand that you need services that are adapted to your industry issues, so we bring our broad sector experience and deep subject-matter knowledge to bear in a proactive and objective way. Above all, we are committed to measuring the gains and identifying where the strategy is delivering the value your business needs.
High-performing teams, delivering exceptional client service, worldwide
EY | Assurance | Tax | Transactions | Advisory
About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee,does not provide services to clients. For more information about our organization, please visit ey.com.
© 2013 Ernst & Young, s.r.o. | Ernst & Young Audit, s.r.o. | E & Y Valuations s.r.o. All Rights Reserved.
ey.com
Contacts
Alice Machová Senior manager
Tel.: +420 225 335 169 Email: [email protected]
Martin Skácelík Partner
Tel.: +420 225 335 375 Email: [email protected]
Klára Mádlová Senior manager
Tel.: +420 225 335 366 Email: [email protected]
Michaela Kubýová Partner
Tel.: +420 225 335 608 Email: [email protected]
Financial Institutions
