IFRS Conversion

As of the financial year beginning January 1st 2005, accounting according to IAS/IFRS is mandatory for companies which are subject to the laws of the member countries of the EU. This EU statute of 2002 entails a number of changes for the corporate finance departments of European corporations. New methods of balancing and evaluation have to be developed and implemented. The extensive expansion of reporting obligations necessitates additional reporting processes. Changes in balancing often require corresponding adjustments of processes and IT systems. In order to ensure a smooth transition to international balancing practices, conversion projects are necessary. Within the framework of such a project, holistic solutions will have to be developed for questions of content, process-related technical requirements, as well as organizational changes that take corporate strategies into account.

Caleo assists you in the conversion of accounting practices. In order to be able to manage customer projects, Caleo continuously requires its consultants to attend professional and technical trainings.