International Reporting & Accounting Support
Companies that operate inTurkey must prepare financial statements in accordance with the Turkish tax and Trade law. Whereas the rest of the world reports under International Financial Reporting Standards (IFRS). While there is significant overlap between the two systems, there are marked differences. Our company provides solutions to clients during the accounting and reporting stages to eliminate these differences.
We provide the services below to our clients for International Reporting and Accounting Support:
- International Reporting According to Clients’ Country Chart of Accounts (US/Canadian/Australian/ Austrian/ Spanish / Italian / Chinese / German / UK GAAP )
- Establishing an accounting system which minimizes the differences between local GAAP and the parent company’s accounting system
- Preparation of Headquarters Reporting Packages
- Financial Statements in Foreign Currency
- Budget & Cash Flow
- EU Fund & Budget Preparation & Reporting
- Fixed Asset Reporting
- Checking and Advising on Accounting Documents and agreements in compliance with Local Requirements
- Consolidation
- IFRS conversion with an explanation of adjustment entries.