Accounting advisory is a specialized service provided by accounting firms or professionals to help businesses and organizations navigate complex accounting issues, make informed financial decisions, and ensure compliance with accounting standards and regulations. This advisory service typically involves a wide range of accounting-related activities, including financial reporting, accounting system implementation, and technical accounting guidance. Here are some key aspects of accounting advisory:
Financial Reporting and Disclosure:
Assisting with the accounting treatment of complex transactions, such as mergers and acquisitions, lease accounting, revenue recognition, and impairment testing.
Accounting System Implementation:
Assisting with the implementation and integration of accounting software and systems to streamline financial processes and reporting.
Accounting Investigations:
Investigating financial irregularities, fraud, or accounting discrepancies to identify and resolve issues.
Financial Due Diligence:
Conducting financial due diligence to assess the financial health of target companies during the M&A process.