Is your enterprise a small, medium-sized or large (reporting classes A, B, C or D) enterprise, alternatively a foreign-owned enterprise or with administration abroad? Do you wish to avoid worrying about the frequent amendments to accounting legislation?
What does PwC offer at the preparation of the Statutory Financial Statements (SFS)?
PwC handles the entire preparation of the Statutory Financial Statements. If you need to prepare an annual report, you may benefit from letting PwC perform this time-consuming work under current legislation.
What is the advantage of outsourcing the preparation of the annual report?
- You will get standardised and consistent financial reporting.
- The accounting files are kept with PwC - which makes it easy to prepare interim balance sheets if required, e.g. in case of distribution of dividend, capital increase or reduction.
- Our software ensures easily recognisable interconnection between the trial balance delivered and the annual report.
- Our software can import accounting data from all standard finance systems.
- We will ensure that the annual report is translated into the language of your foreign owner in the same financial statements layout.
- We can provide contact to our tax department in connection with recognition of current and deferred tax.
- Our standard concept ensures that your annual report will always comply with the Danish Financial Statements Act, the notification on minimum requirements and the bookkeeping notification.
- We use check lists to ensure that any amendments to acts and notifications are incorporated.
- We have contact with internal or external auditors concerning classifications or other audit adjustments to the annual report.
What should the company do in connection with the preparation of the SFS?
- The company should provide a file with trial balance to PwC - preferably in a format that can be imported into Excel from their own finance system.
- Management should be available at the preparation of the text part of the annual report, write the Review and participate in e.g. description of the accounting policies applied.
- Management should make the post-entries as indicated by the auditors and forward a new balance sheet for input into the system.
- As far as possible, Management should provide specifications to the annual report as well as tax specifications from the previous year.
