Conversions Services

Your expert for questions

Sylvia Weidinger
Partner, Capital Markets & Accounting Advisory Services, PwC Gwermany
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Support for the conversion of accounting

There are many reasons for converting a group's accounting from one set of rules to another: a so-called conversion may become necessary after an acquisition as part of an M&A transaction, when an investor enters the company or after an IPO. These accounting conversions not only represent a challenge for companies and their employees - they also have far-reaching effects on internal systems and processes.

Our service at a glance

The challenge

Whether an entire group is converting to IFRS on a stand-alone basis or companies are reporting to a new shareholder in accordance with their GAAP as a result of a transaction, companies require expertise in the new accounting standards, such as IFRS, US GAAP or Chinese GAAP. This means that a "major project" with complex project management is added to the day-to-day business. Personnel resources are often lacking for this. Not only is group accounting affected, but also the entire reporting of subsidiaries, joint ventures and associated companies. At the same time, companies must take into account possibilities and limitations - for example, with regard to controlling and taxes. Guidelines, processes and IT systems must be regularly adapted, and employees from different departments must be trained through additional training.

Our advisory approach in four modules

PwC's experts from Capital Markets & Accounting Advisory Services advise you on all aspects of conversion. Our proven conversion advisory approach comprises individual modules that build on each other: