Preparation of management reports in Ukraine

Management reporting to the parent company is a report that contains both financial and non-financial indicators, prepared in a special format, currency and language, according to internal group policy. Such management reports are usually drawn up acconting data based on the International Financial Reporting Standards (IFRS). Only specialized companies can prepare such documentation and PETTERSON & BENNETT is one of them. We will make accounting for the parent company at a professional level, taking into account national and international standards.

Management Reporting features for the parent company

What may be included into management reporting?

• standard IFRS financial reporting in corporate language and format;

• monthly, quarterly, annual budgets;

• reconciliation of bank transactions, with scanned copies of bank statements;

• sales report

• report on accrued wages and deductions from it;

• other information.

In other words, the reporting for the parent company may include a full range of information that will help it make the right strategic decision about business development in the future.

Relationship of reporting to the parent company (management reporting) and IFRS:

• the concept of reporting for the parent company may be much wider than financial reporting, since the entire range of available information (not only financial) is used;

• management reporting involves the formation of more indicators, graphs, reports based on the data of accounting information;

• users of management reporting are a narrow circle of persons, while financial statements can be used by investors, counterparties, banks and even employees.

Preparation of management reporting for the parent company in Kyiv with PETTERSON & BENNETT

Consulting company PETTERSON & BENNETT for many years has been leading the competitive market to provide management reporting services for the parent company. We provide quality service to domestic and foreign organizations, affiliates and missions.

Advantages of cooperation with the company PETTERSON & BENNETT:

• ability to communicate on a professional business level with foreign companies, to issue documentation in English;

• all tasks are performed by qualified specialists (accountants, lawyers, etc.);

• extensive work experience (thus we know how to solve even the most difficult tasks);

• guaranteed confidentiality of information about the customer;

• fast and high-quality reporting for the parent company.

We are an independent consulting company aimed at working with domestic and foreign companies for their further normal functioning on the basis of Ukrainian legislation and international standards.