International Accounting
If you are a growing business looking to expand your operations overseas, improve visibility of your international operations or manage the cost of doing business worldwide, BDO can help.
BDO’s team understand the challenges that operating globally can include:
- Lack of available resource in the country to support your growing accounting needs
- Having to manage multiple providers in different countries
- Inconsistent management reporting
- Inefficient finance functions operating without control or governance
- Inflexible solutions that are slow to reflect your changing business requirements
- Lack of visibility
BDO offers a high quality, fresh approach which can be tailored to your accounting needs. We will provide you with a complete outsourced service managed by a single dedicated team, under one contract for multiple jurisdictions to ensure clear communication and 24/7 control, wherever you are, or want to be, in the world.
Our global network and geographic coverage allows us to support your changing requirements, offering flexibility and agility.
Our specialists know from experience the pros and cons of switching from the Estonian financial reporting standard regulations to the European IFRS (International Financial Reporting Standards). It should be noted, however, that the new standards also offer specific advantages to non-listed companies or SMEs. Of course, this is only as long as the costs - administrative ones, but also the cost of being more ‘open’ towards the competition – do not outweigh the benefits. More than enough reasons to do the maths together.
From the outset, it is worth remembering that banks and prospective acquirers will consider a business already using IFRS a modern organisation that takes its financial reporting seriously. Does your business have branches in multiple countries? If it does, it is only convenient if uniform principles are applied to each of their annual accounts. Additionally, if your acquisitions also use IFRS it is easy to include them in your group’s reporting system.
Is your company already applying IFRS? If so, should you run into any highly-complex transactions and operations our experts will always be at your service, from exploratory investigations with regard to highly specific issues to preparing your board for the transition to IFRS.