We solve accounting and financial reporting challenges, so you can lead your business effectively
Accounting advisory services
In a world of changing regulations and enhanced corporate governance, navigating complex accounting and financial reporting challenges is essential. Entities are increasingly aware of their obligations to produce independent financial reports, even as reporting deadlines become more demanding. Shareholders and stakeholders now require diverse and high-quality financial information, intensifying the need for efficient resource and cost management. Our dedicated team of accounting advisors is ready to help you optimise your finance function, navigate the changing regulatory landscape, execute a deal, and address complex accounting issues. All while offering practical and sustainable solutions to address your needs.
Are the following situations familiar?
- Your company has completed a significant transaction and needs a review of the accounting and financial reporting implications
- You have a difficult technical accounting issue wish to seek a second opinion
- Your company effected an acquisition and you need insight into harmonising accounting policies, accounting for acquisition costs or allocating purchase price to assets acquired
- Your company has entered into a group reorganisation and you need assistance in understanding the relevant accounting implication, including complex consolidation, business combination under common control, the application of Predecessor/Book-value Method of accounting
- IFRSs do not provide guidance on a specific transaction (e.g. transactions under common control with no commercial substance) and you need assistance in developing an accounting policy to reflect the economic substance rather than the legal form of such transaction while ensuring proper disclosures
- You would like to keep yourself or your team up-to-date on developments in IFRSs and in GAPSME
- You would like to evaluate the impact of new or revised standards, pronouncements, or accounting policy changes on the company’s financial data
- You need assistance in drafting manuals for specific accounting standards, such as for hedge accounting purpose
- You require an independent advisor or service provider in respect of accounting advice and support
- You have a small finance function and would require support from financial accounting and reporting specialists
- You are transitioning to IFRS accounting framework from other accounting frameworks, including GAPSME
- You want to upskill your finance teams on specific areas of IFRSs or GAPSME
PwC's accounting advisory services
At PwC, we offer high-quality accounting advice, supported by a wealth of knowledge and technical expertise. Leading both locally and internationally, we offer comprehensive experience encompassing all areas of accounting and financial reporting. Our specialised Accounting Advisory Services (AAS) team led by IFRS experts, has been guiding clients in Malta, including both audit and non-audit entities for years. With access to an extensive global network, our experts stay abreast of IFRS developments and drive initiatives to support clients. Furthermore, as PwC, we have been heavily involved in the development of GAPSME in Malta.
We support entities in preparing reports under IFRSs and GAPSME, leveraging cooperation with industry specialists and deploying proven PwC tools. Our resources offer statutory report preparation and expert analysis on specific issues, readily available to address unique needs.
Our goal is to deliver value-for-money services and solutions, tailored flexibly to each entity’s circumstances, whether on-site or off-site, project-based or ongoing.
This is your call to discover a tailored approach that empowers you to act.
Our Services
- Financial Accounting
- External and internal financial reporting
- Training events teaming up with PwC's Academy
Financial Accounting
- Setting up of a chart of accounts
- Assistance with the selection of appropriate accounting policies
- Design of accounting procedures and processes
- Accounting advice on complex areas or subject matters, including reviews and interpretations of contracts/agreements to address accounting implications issues (e.g. acquisition and mergers, call/put options, derivative financial instruments, hedge accounting, revenue recognition, share based payments, leases, cloud accounting, etc.)
- Accounting advice on restructuring, reorganization or complex consolidation, including the predecessor/book-value method of accounting
- Guidance on the accounting impacts of a specific transaction, structure or significant event, in conjunction with the firm’s Tax and Legal specialists
- Developing accounting policies based on economic substance for specific transaction which are not within the scope of IFRSs
- Advice on the introduction of new or revised standards and pronouncements, or changes in accounting policies, and the impact these will have on the entity
- Conversion/transition to IFRSs from other accounting frameworks, including GAPSME
External and internal financial reporting
- Advice on presentation and disclosure requirements under both IFRSs and GAPSME
- Advice on, and assistance with, issuance of financial information and management accounts, including preparation of periodical reports and complex consolidation reporting
- Analysis of financial information produced by the entity
- Preparation, or assistance with the compilation, of statutory financial statements and consolidated financial statements in accordance with IFRSs or GAPSME
- Performing consolidations under IFRSs and the preparation of related consolidation schedules
- Preparation of group accounting manual, including formal documentation for hedge accounting and chart of accounts for subsidiaries in the context of the consolidation process
- Preparation of group consolidation instructions for subsidiaries and head office
- Providing tools for preparation of financial information (e.g. forecasts, cash-flow projections, cash-flow statements and interim reporting) in conjunction with the firm’s Financial Advisory specialists
- Connection and liaison with auditors in the context of financial reporting matters
Training events teaming up with PwC's Academy
- Providing basic and advanced in-house training courses tailored for individual needs
- Accounting and financial reporting developments seminars and workshop, possibly addressing specific subject matters
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