Ongoing Financial Reporting
Periodic reports give you an overview of your company’s overall performance. With the help of the detailed MIS and financial dashboards that is provided by us on a monthly basis enables you to identify your company’s strengths and weaknesses. You are also able to spot any errors and avoid a potential crisis well in advance. Since these reports reflect your business’s revenue and expenses in actuality, it helps the business grow in the right direction.
Month End Closes
Month end closing can be a tedious process since you would be evaluating the entire company’s financial records for that month and would be making sure that you have not missed out on anything. If any transaction has not been recorded then adjustments have to be made. This can be excruciatingly time consuming which is why you could fast track your month-end close process with assistance from OBX
Board and Management Reporting
We can’t stress enough the importance of systematic and efficient management reporting. These reports that are generated helps your team take the right business decisions, helps boost your business’s performance and enables good governance! Not only that but it also helps improve investor confidence. Our team of experts can help analyse and generate in depth reports for your business.
If you are suddenly faced with multiple audits – be it bank audit, HO audit, tax audit, transaction audit, etc.; leverage on OBX’s strength to successfully complete this quickly.
The implementation of IFRS, a principle-based set of standards, is not just about changing accounting policies but need special consideration. For companies, ensuring that IFRS is applied in a globally consistent manner may involve significant efforts around the creation of policies, the modifications of systems, and the training of personnel. With the use of IFRS, companies, auditors, regulators, and users will need to adapt to an accounting and financial reporting framework that requires more judgment and less reliance on detailed rules and bright lines. Companies will be required to understand base principles and objectives, how judgments are made, and how they are applied.
By leveraging our previous lessons learned and the experience we have of implementing IFRS globally, we developed an IFRS implementation methodology which is well structured to address the broad implications of IFRS.