Accounting Advice

When your company enters into major transactions such as a lease, divestment, disposal, employee benefit scheme, issuance of debt, restructuring of debt, etc., we can offer the following services:

Provide accounting interpretation and impact of the arrangement
Define possible options and their impact on KPIs,financial statements
Develop or review accounting policies
Advise on the classification and the implication of operating vs. financing leasing - pre and post agreement advices
Advise on debt vs. equity financing - pre and post issuance of debt / equity instrument advices
Assist in restructuring of bad loans and transactions with old receivables
Employee benefits and share based payments advices – accounting of existing or structuring of new ones
Joint arrangement advices – joint venture vs. joint operation
Support in allocation of capex into fixed asset components, designing allocation schemes, defining capex and opex, reconstruction of fixed asset register

When your company is unsure about potential embedded derivatives in complex contracts or is implementing or changing a hedging policy, we can offer the following services:

Identification of embedded derivatives in contracts
Defining the hedging strategy, hedging policy and assistance with documentation requirements

Major Transations within IFRS SK GAAP

When your company enters into major transactions such as a lease, divestment, disposal, employee benefit ...

When your company plans an acquisition, merger or group restructuring (incorporation of new entities, transferring business or assets between different entities, mergers within the group, creating branches, etc.), we can offer the following services:

Preparation of accounting scenarios for different restructuring options
Identification of main accounting risks and pitfalls
Simulation of results under different accounting scenarios
Aligning accounting processes, procedures and policies
Assistance in preparation of financial statements or pro-forma financial information
Support in defining purchase price

Acquisition plans within IFRS SK GAAP

When your company plans an acquisition, merger or group restructuring (incorporation of new entities...

When the new IFRS standard is issued, we can offer the following services:

Perform an impact analysis of the new IFRS on your business
Perform pre and post implementation assurance
Support the full implementation of new standards
Support your company in policy development and disclosures
Review the contracts concerned
Draft new or changed disclosures in response to the changes in the IFRS standard

IFRS standard issues within IFRS SK GAAP

When the new IFRS standard is issued, we can offer the following services:

When your company is converting from Slovak GAAP to IFRS, we can offer the following services:

Project management or assistance in conversion process
Assistance in preparation of full IFRS financial statements
Identification and calculation of Slovak GAAP / IFRS / Group accounting differences
Advices on how to eliminate Slovak GAAP requirements if group reporting package is under IFRS
Development of accounting policies, group manuals or optimisation of those existing

Converting Slovak GAAP to IFRS

When your company is converting from Slovak GAAP to IFRS, we can offer the following services:

When your company is implementing a new accounting system, setting up consolidation processes, or needs to improve timeliness and financial statement quality, we can offer the following services:

Advices on closing procedures and automation of reporting
Advices to ensure that financial statements are in full compliance with IFRS / Slovak GAAP requirements
Review of processes, chart of accounts, compliance with the Accounting Act
Optimisation of the financial statement’s disclosures
Advise on selection of consolidation system
Implementation of eConsolidation, Smart Cube or other consolidation systems
Direct assistance in financial statement preparation in accordance with IFRS / Slovak GAAP

Implementing accounting system

When your company is implementing a new accounting system, setting up consolidation processes...

PwC Slovakia offers highly qualified specialists with US accounting, reporting and auditing expertise, including secondees from the US who work at PwC Slovakia on international assignments and hold a US CPA license, the highest certification for public accountants in the US. We also have local staff with significant US experience who are well versed with US GAAP and PCAOB/AICPA audit requirements.

PwC Slovakia has a number of multinational Fortune 500 clients that are publicly traded in the US. In addition, PwC in the CEE region has organised a US Accounting & Reporting team of experts who act as a centre of excellence to the region for US accounting and reporting matters. Our experience and knowledge allows us to assist our clients with the application and adoption of US accounting principles and to conduct a globally consistent audit under PCAOB or AICPA audit requirements.