Accounting and Valuation Challenges
Accounting and valuation topics are among the most complex areas in financial reporting, where accounting standards, professional judgment, and a company’s underlying business activities directly intersect. The following are some of the most common challenges encountered in practice.
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Identification, analysis, and assessment of contracts,
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Interpretation and application of accounting standards,
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Use of professional judgment and estimates in recognition, measurement, and presentation,
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Clear and well-documented accounting decisions,
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Limited resources for non-routine accounting topics.
My Services for Your Organization
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Technical support on accounting and valuation topics under German GAAP (HGB) and IFRS,
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Preparation of an Accounting Manual - German GAAP (HGB) and IFRS,
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Coordination with actuarial experts, specialists and external auditors,
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Review of existing accounting and valuation documentation,
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Support for the Accounting Policy Department,
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Training of employees.
My Approach
01. Project Initiation
╋ Objectives and scope definition
╋ Review of available documentation
02. Planning
╋ Assignment of roles, responsibilities, and milestones
╋ Definition of tasks and work packages
╋ Alignment with internal and external project stakeholders
03. Execution
╋ Review of underlying contracts and supporting documentation
╋ Interviews with relevant contacts within the company
╋ Research into applicable accounting standards and technical guidance
╋ Coordination with actuarial experts, specialists and external auditor
╋ Preparation of a technical accounting position paper
04. Quality Assurance
╋ Discussion of the position paper
╋ Clarification of open items
╋ Regular reporting to the primary contact
05. Project Completion
╋ Finalization of the position paper
╋ Documentation and handover of supporting documents
╋ Knowledge transfer and lessons learned
