| In 2005, the Italian listed
companies made the switch to IFRS. Ithas been a challenge getting
through the IFRS conversion process and initial reporting period.
Conversion to IFRS is much more than a technical accounting
issue. IFRS may significantly affect any number of a company’s
day-to-day operations or even impact the reported profitability
of the business itself.
RSM Italy has a proven track record in helping companies
successfully complete the transition to new accounting standards
IFRS from Italian GAAP and/or US GAAP. Reflecting the complexity
of the task at hand, we have a range of specialists to assist
your company's conversion to IFRS, including: technical accounting,
treasury, tax, human resource, M&A valuations and project
management specialists. Our methodology, as well as getting
the numbers right and guiding companies through operational
problems, focuses on effective knowledge transfer to ensure
lasting benefits.
We can provide the following services:
- Objective evaluation of project processes, controls, and
deliverables.
- Preparation of reconciliation from Italian GAAP to IFRS,
US GAAP and/or group accounting principles.
- Advice on adapting processes, data, and systems for IFRS.
- Preparation and review of group accounting manual.
- Training and coaching support.
- Technical accounting advice and support tools.
- IAS 39 and financial instruments.
- Purchase price allocation related to business combinations
in accordance to IFRS3.
- Valuation and impairment testing.
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