Statutory Financial Reporting
Preparation and review of statutory financial statements in Romanian or in bilingual Romanian–English format, in accordance with local reporting requirements.
- Preparation of annual statutory financial statements
- Preparation of financial statements in bilingual Romanian–English format
- Review of financial statements prepared by the company
- Reconciliation of the trial balance with the financial statements
- Preparation and review of explanatory notes
- Consistency checks across the components of the financial statements
- Assessment of disclosures required based on the company's activity
- Support throughout the finalisation, approval and audit of statutory reporting
Directors' Report
Preparation of a report that is complete and consistent with the financial statements.
- Preparation or update of the directors' report structure
- Presentation of the company's activity and key developments
- Analysis of financial performance and relevant indicators
- Presentation of key risks and uncertainties
- Description of significant events during the reporting period
- Presentation of subsequent events and development outlook
IFRS & Technical Accounting
Analysis and practical support for complex transactions and accounting requirements.
- Analysis of the accounting outcome for complex or first-time transactions and determination of the appropriate accounting approach
- Analysis and assessment of the differences between Romanian accounting regulations, IFRS and group accounting policies
- Preparation of the adjusting entries required to convert local financial statements to IFRS
- Reconciliation of financial results prepared under local accounting standards with IFRS results
- Support for the effective implementation of the agreed accounting policies and practices
Group Financial Reporting
Reporting packages, reconciliations and alignment with group policies.
- Preparation and review of group financial reporting packages
- Mapping of local accounts to the group's chart of accounts or reporting structure
- Reconciliation of statutory reporting with financial reporting submitted to the group
- Preparation and documentation of reporting adjustments
- Analysis of intra-group balances and transactions
- Coordination of requirements and communication between the local finance team and the group team
Accounting Policies & Manuals
Clear and consistent accounting rules, tailored to the company's business.
- Review and enhancement of existing accounting policies and manuals
- Tailoring of documentation to the company's operations, transactions and organisational structure
- Definition of relevant responsibilities, processes and approval workflows
- Support with the implementation and communication of policies across the finance team
Management Reporting & Financial Compliance
Reports, controls and tools for monitoring and better decision-making.
- Design of periodic financial and management reports
- Definition of relevant financial and operational indicators
- Analysis of results, budgets and significant variances
- Development of reports tailored to management or shareholder requirements
- Documentation of internal controls over the financial reporting process
