Although driven by accounting changes, some of the reportorial requirements impact areas other than accounting and cause management to change business practices. Consolidation and revenue recognition are two important examples. Identifying the implications of the required or elected accounting changes takes time, as the impact can be broad and vary in significance.
Recognising the interrelationship of accounting changes with IT systems, business processes, taxes, and general operations extends the scope and timing to address all identified issues. It also essentially indicates that companies should be sizing up the potential impact of new/revised IFAS, Bapepam-LK Regulations, and other statutory reporting requirements today, or in the future.
PwC has the breadth and depth of knowledge and technical expertise to assist organisations like you that require high quality accounting advices to achieve high quality financial reporting.
PwC provide the following services to help you manage accounting change: