Harmonization of Accounting Principles

Harmonizing accounting practices across the multi-business company

Corporate structures do of course require a globally harmonized financial reporting. This includes the definition of a global guideline, like for example IFRS or US GAAP, but also the harmonization of the actual application of these guidelines. Often, this will go together with the responsibility for consolidation of financial statements.

Examples of Sub-Tasks:

• Consolidation of financial statements
• Controlling of the application of global accounting guidelines
• Definition of reporting contents
• Management of the consolidation process
• Accounting for specific items on the group level (e.g. goodwill)