Financial Management and Controlling

Financial reports are the core source of information for the management decisions. While some companies have its own personnel to ensure up-to-date financial flow of information, some, in particular newly emerged entities, require to outsource such operations. 

We provide our expertise in the following:

1. Preparation of the financial reports: profit and loss statement, cash flow statement, cost-profit analysis on the monthly, half-yearly and year basis, etc.
2. Сommunication and control over the accounting data and reports (balance sheet, profit and loss statement) prepared by the local outsourced accountants, including preparation and submission of the yearly corporate and individual tax returns
3. Сommunication and control of the overseas accounting and legal providers in the foreign-based subsidiaries, including preparation and submission of the yearly corporate and individual tax returns
4. Ensure compliance of financial transactions with the relevant legal regulations (transfer-pricing, anti-money laundering, etc.) by preparing or analysing legal agreements and other legal documentation supporting financial operations
5. Preparation of the financial reports for the investment proposals, including drafting of the investment proposals, communication and defence of the financial reports with the potential investors
6. Provision of additional analysis to ensure effective financial management of the company

We can also assist with conducting internal financial due-diligence. Internal financial due-diligence may prevent the risks of inaccurate financial or accounting reports, non-compliance with transfer-pricing regulations, lack of documentation supporting the financial transactions, lack of proper financial management, which may be revealed during the tax audit of the company. Although at first it may seem that it is only a financial due-diligence, in reality such due-diligence normally would touch upon legal, marketing, HR, sales, inventory, IT and other departments of the company.

The earlier prevention substantially saves financial and time resources of the company in the long run.