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Accounting Standards

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Oui Global offers personalised services to firms in the areas of:

  • Training;
  • Consulting;
  • Personalised assistance.

To help them succeed in their international financial harmonisation projects, and more generally, all their projects linked to financial reporting.

The transformation of finance:

Pressure on the finance departments of companies is extreme. The IFRS standards represent a significant project which adds to other important changes, which are often not over yet:

  • Implementation of Enterprise-Resource Planning (ERP) software has lead many non-financial players to contribute to the production of financial information, while at the same time reducing both the size of the financial teams, and the time available to prepare the information;
  • Real-time financial information has become a realistic target. To continuously improve the speed and quality of information to users both internal and external to the company, new projects must be started, which will mobilise significant resources;
  • At the same time, Finance professionals are mobilised by restructuring deals (mergers, acquisitions, combinations, etc...) of companies, in which they have a key role to play.

Finance professionals are the architects of all these changes, which draw not only on technical competencies, but also on human and management ones as well.

The consultants from OUI Global are dedicated to helping companies in these projects: to analyse, explain and facilitate the transformation of Finance and to aim at international financial harmonisation.

 


 

European” GAAP for foreigners

 Challenges:

Acquiring and running a business, for example in France, requires a minimum understanding of European accounting requirements. Among other things, the French "plan comptable" introduces significant differences in the profession all the way from day-to-day obligations for bookkeeping to the required format of financial information. Similar obligations are in force in other European countries such as Spain, Italy, etc…

Help from European accountants is necessary in any case, but not always sufficient or easy to act on: they would need to understand where you are coming from. To speed up and streamline reporting, distinguish real obligations from "that's the way we do it", foreign investors need specialised assistance.

 Oui Global service offering:

  • Doing business in Europe: general awareness and information on Europe tax, legal and accounting requirements;
  • Individual comparison and benchmark: specific review for similarities and differences applied to the particular context of the company, in every aspect of financial reporting : evaluation, presentation, information;
  • Particular topics: in-depth review for the harmonisation of complex issues.

Oui Global assistance is always personalised, and can be directed at groups or individuals.

 



  
US GAAP

 

 The stakes:

US GAAP standards are important on two accounts:

  • On one hand, as the USA represent such a significant player in the international economy, USA standards are widely implemented: by American subsidiaries, operating world-wide, as well as non American firms aiming to access the leading world-wide financial market: Wall Street;
  • On the other hand, the standards are subject to thorough and detailed research and are based on a found conceptual framework, often providing inspiration to other Standard Setting bodies, including the IASB.

For the above two reasons, knowledge of the US GAAP is essential.

Oui Global services:

  • To mobilise and prepare the company to the challenges resulting from the financial harmonisation changes;
  • To advise and assist in the realisation of the transitional project:

-Diagnostic: identification, evaluation, and resolution of technical issues on all aspects of Financial Reporting: evaluation, presentation, disclosure;
-Personalised follow up and coaching of the key players.

  • To train and develop relevant competencies:

- Identifying the firm's needs and designing a plan of action to be implemented;
- Identifying and designing the tools required to implementing the changes;
- Prepare and run workshops and training courses.

Oui Global will guide you through all the steps of your project to implement US GAAP.


 

UK GAAP

The stakes:

UK GAAP standards are important in Europe, due to the significance of the United Kingdom as a prime economic partner to European countries within the European Union.

A large and increasing number of European groups already have, or are in the process of setting up operations in the UK and vice-versa. In both cases, a thorough understanding of UK GAAP is required.

Oui Global services:

  • To advise and assist in achieving a successful conversion:

- Diagnostic: identification, evaluation, and resolution of technical issues on all aspects of Financial Reporting: evaluation, presentation, disclosure;
- Recommendation of matching tables.

  • To train and develop relevant competencies:

- Identifying the firm's needs and designing a plan of action to be implemented;
- Identifying and designing the tools required to implementing the changes;
- Prepare and run workshops and training courses.

Oui Global will assist you through all the steps of your project to convert to (or from) UK GAAP.

 


 

IFRS (IAS) standards

The stakes:

The requirement to comply with IFRS standards in Europe from 2005 has resulted in significant changes which firms had have to deal with. They had to:

  • Simulate the impact of the transition to the new standards;
  • Explain the differences of the new standards to the relevant financial information users;
  • Review the procedures and information systems for incorporating the new standards;
  • Train employees on the new concepts and maintain their competencies.

To succeed, the firm has to enhance and reinforce its competencies. Oui Global will assist in this endeavour.

Oui Global services:

  • To mobilise and prepare the company to the challenges resulting from the financial harmonisation changes;
  • To advise and assist in the realisation of the transitional project:

- Diagnostic: identification, evaluation, and resolution of technical issues on all aspects of Financial Reporting: evaluation, presentation, disclosure;
- Personalised follow up and coaching of the key players.

  • To train and develop relevant competencies:

- Identifying the firm's needs and designing a plan of action to be implemented;
- Identifying and designing the tools required to implementing the changes;
- Prepare and run workshops and training courses, and other actions decided in the action plan.

Oui Global will guide you through all the steps of your project to implement IFRS.

More about us

You're welcome to visit us at any moment please find us on the map.

For more information about our Alliance, please download our
PDF brochure

Secretariat

The Secretariat is in charge of the coordination of the Alliance and it is based at the Madrid office:

Address
Calle Alfonso XII, 8
28014 Madrid
Spain

Contact us
Phone: +34 915 231 038
Fax: +34 917 616 181
Email: madrid @ oui-global.com

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