Accounting Advisory Services

Accounting and financial reporting rules and standards are becoming more and more complex. Companies frequently need to deal with complex accounting and financial reporting issues in their operations as well as when transitioning to new accounting standards, undergoing a reorganisation or optimising business processes. To effectively resolve such issues, we provide accounting advisory services to companies from various sectors.

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Anna Uzornikova about new lease accounting standard - IFRS 16

Our services

IFRS/US GAAP

PwC has accumulated a wealth of experience helping companies in Russia and around the world to migrate to IFRS/US GAAP.

The transition to international reporting standards is more than just complying with requirements in legislation or parent-company bylaws.  International standards provide an opportunity for management to get a real picture of the business, improve management accounting and expand access to financing. We will help you to develop the best approach to such a transition.

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Developing accounting methodology

We provide extensive support in developing accounting methodology under various accounting standards, including IFRS and RAS. As a result, you will increase the efficiency of accounting and financial reporting processes, receive advice on complex accounting issues and improve the quality of your financial statements.

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Providing transaction and restructuring support

Mergers and acquisitions (M&A) accounting advisory services

We offer assistance in the following areas:

  • planning options for transactions/restructuring;
  • modelling potential accounting implications of M&A deals and business combinations;
  • integrating financial functions following M&A deals.

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Preparing for automated financial reporting

Automating the reporting process enables companies to take care of such issues as reducing the time required to prepare financial statements, saving time for IFRS department employees and minimising errors. PwC will help in selecting and adopting various tools for automating the reporting process.

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Due to ongoing changes in various accounting standards and industry regulations, CFOs and chief accountants have to spend more time analysing business processes and operations. We use our knowledge, long track record and innovative tools to develop practical accounting recommendations and solutions in accordance with the requirements of various accounting standards. We will help to align your accounting systems with the financial reporting standards and significantly improve the quality of your financial statements. 

Relevant topics

The new revenue recognition standard will have different implications for companies depending on their accounting practices and the sector in which they operate. The implications may be limited to the much wider list of requirements on information disclosures or may require broad changes in IT systems, business processes and internal control systems.

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The practical application of the new lease standard may become a real challenge depending on the specific circumstances of your business. We provide comprehensive support in adopting the new lease accounting standard (IFRS 16), including developing road maps, selecting and implementing IT solutions, collecting and analysing lease data, etc.

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Do you have an idea of what needs to be done for IFRS 9? Do you understand its practical application implications?

IFRS 9 applies to all reporting periods starting from 1 January 2018. Those who started applying the standard in advance have encountered a problem due to the lack of established practices and detailed explanations for applying IFRS 9 rules. Our financial instruments accounting team will help you overcome all of the challenges related to applying IFRS 9 rules.

Automating the reporting process makes it possible to focus on the most critical issues and tasks, such as analysing performance and evaluating the prospects for further business growth. PwC specialists have created a number of tools that help automate the reporting process and improve its efficiency.

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Contact us

Anna Uzornikova

Partner, Accounting Advisory Group Leader, PwC Russia

Tel: +7 (495) 967 6323

Kira Ermolova

Director, PwC Russia

Tel: +7 (495) 967 6000 ext.2896

Elena Asadova

Director, PwC Russia

Tel: + 7 (495) 967 6313

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