Finance & Accounting Services

Finance function effectiveness

We perform detailed diagnostics of the company’s Finance function, giving particular attention to where the function stands against its global and local competitors.

On the basics of diagnostics we work on redesigning of the Finance function in order for it to support execution of the business strategy, and to adopt the structure and culture that would react to changes in the environment around it.

Improvement of performance management system

We help to improve the company’s performance by alignment of its operations with business strategy. The core of any company’s performance management system is organized around 3 main components:

• System of key performance indicators (KPI)
• Budgeting system
• Management reporting system

As a result of our service the clients benefit from:

• A clearer understanding of business goals and objectives at all levels of management
• Alignment of strategic and operational management via a system of indicators
• Increased employee motivation
• Application of common principles in consolidating and interpreting planned and actual data in budgeting and management reporting

Shared service centres (SSC) within Finance function

We provide services to set up shared service centres - individual business units created to enhance the efficiency of the standard finance function processes. The key benefits of a SSC are the acceleration of transactions, reduction of costs, standardization of processes, and elimination of errors.

We have successfully completed more than 100 similar projects globally. And, we supported the design and set-up of more than 40 SSCs in Europe alone.

SmartClose

We help you speed up and improve financial and/or management reporting by applying SmartClose, an unique proprietary Methodology of PricewaterhouseCoopers.

IFRS Transition

PwC has a proven track record in helping companies successfully complete the transition to new accounting standards. 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. (For audit clients subject to the provisions of the US Sarbanes-Oxley Act, non-audit services, including tax services, can ordinarily be provided by the auditor as long as the services have been pre-approved by the audit committee.) Our TransitionIFRS methodology has been applied to more than 200 conversion projects in the last few years. This methodology, as well as getting the numbers right and guiding companies through operational problems, focuses on effective knowledge transfer to ensure lasting benefits.

• Objective evaluation of project processes, controls, and deliverables
• TransitionIFRS project management tool
• Training and coaching support
• Advice on adapting processes, data, and systems for IFRS
• Technical accounting advice and support tools
• IAS 39 and financial instruments
• Employee benefits and share compensation programs
• Purchase price allocation related to business combinations
• Valuation and impairment testing
• Tax