KPMG's Accounting Advisory Services help finance executives meet the ever-changing demands of today's environment. Our Accounting Advisory Services team support finance integration through Finance Transformation Controls Optimization, Quality/Rapid Close, Regulatory Compliance, Policies & Procedures, Shared Services, Inter company Assistance, Chart of Accounts Assistance and other services.

Interpretation and implementation of accounting principles and regulations
Organizations are often required to report their financial results according to various sets of rules (requirements of local legislation, International Financial Reporting Standards, US GAAP, etc.) and to provide management with reliable and timely information to manage the business. These needs impose a significant burden on both the accounting system, which has to be able to provide reliable information in an appropriate format, and on the knowledge of the employees who prepare financial statements. Individual standards are often updated and their interpretation and application to different types of transactions is not easy. KPMG in the Baltics has a number of professionals who are able to advise on accounting standards interpretations and implementations.

Accounting Policies and Procedures Manual Management often understands the need for procedure documentation of accounting and other functional areas, yet cannot allocate internal resources to this need due to other competing priorities. In response to these issues and challenges, our Accounting Policies and Procedures Manual service is designed to provide the ability to outsource procedure manual development of accounting/controlling/finance departments.

Transition to a Shared Service Center
KPMG can assist management in evaluating the technical, legal and geographical issues that need to be addressed and advise on the processes, procedures and controls that are required for an efficient and service orientated shared service center.