The cost of sales method is an important component of a modern, multi-dimensional and data-based controlling and provides an focussed assessment of costs and revenues, which forms the basis for effective reporting.
In the past, it was more the competition for listed companies who could prepare their financial statements the fastest. Fast Close as business card of the finance department.
Today it is digitization and the desire for efficient financial processes or the need to have reliable control information as quickly as possible in uncertain times.
In practice, there are many reasons for a company to convert its accounting to IFRS. These include the following events:
Potential initial public offering (in Europe or the U.S.)
International expansion
International investors
Acquisition by an international group
During many IFRS conversions of growing companies, some key factors have emerged that are crucial for project success and sustainable IFRS accounting:
In practice, there are many reasons for a company to convert its financial statements to IFRS. These include, but are not limited to, the following occasions: Potential IPO (in Europe or the U.S.), International investors
Internationalization, and Acquisition by an international group. During many IFRS conversions supported by PAS consultants, some key factors have emerged that are crucial for project success.
PAS is a competent partner for start-up CFOs.
In uncertain times, it is particularly important for emerging growth companies to be able to react to changing economic and social conditions with decision-making confidence.
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