Financial Reporting Services

With Prospectacy on board, you can offload any or all of your accounting functions to your “virtual accounting department.” Prospectacy can develop policies and procedures to streamline your accounting process, thus increasing your overall business efficiency. Customized financial dashboards enable us to monitor and benchmark your performance, so you always know where you stand.

Our financial reporting services include:

  • Accounting and Bookkeeping
  • IFRS Implementation and Conversion
  • IFRS Training
  • Other ReportingPreparation of Financial Statements
  • Accounting and Bookkeeping

Outsourcing accounting and financial support is a cost-effective way to smooth out financial staffing demands. Prospectacy’s financial reporting team helps you define the kind of support you need and brings the right talent to accomplish your goals — from bookkeeping and transaction processing to strategic financial planning and complex enterprise project management.

IFRS Implementation and Conversion

Nearly all significant non-US capital markets have adopted International Financial Reporting Standards (IFRS). Transitioning from your local GAAP to IFRS is not just an accounting issue. Prospectacy will help you address impacts to information systems, vendor contracts, tax reporting, incentive compensation arrangements and benefit plans. Appropriate implementation planning is critical to successful adoption of IFRS.

IFRS Training

Converting to IFRS has broad implications for your business. Some clients want detailed information. Prospectacy IFRS training gets them up-to-speed. Typically our training covers the fundamentals of IFRS as they relate to the local GAAP standards you are used to (US, UK, Canadian, Chinese, etc.) We can also focus your training by entity type, stage, and size, as well as industry.

Other Reporting

Nowadays, accountability in multiple formats to multiple institutions is the norm. No one knows everything, but we are quick learners. Our accessible team can help you compile any type of internal or external financial reporting, as well as budgets and forecasts.  We can also create customized reports, financial dashboards etc.

Preparation of Financial Statements

Prospectacy can help you prepare financial statements in accordance with GAAP or IFRS, based on current best practices. Clients also benefit from our experts’ advice on presenting financial information in a format suitable for external users and advisors.Prospectacy offers the full range of financial statement support. We can advise you, we can help you, we can educate your staff, or we can do it all. The choice is yours.