Business Valuation
Acquiring or disposing of businesses or assets successfully is dependent on accurate and commercially meaningful valuation on both sides. The valuation process requires not only sophisticated analytical techniques but also a deep understanding of market performance now and in the future.
Compliance
One of the most basic but important functions of accounting firms is to ensure that accounts and financial statements and reports are prepared and managed effectively, accurately and in accordance with the law in each country. Our firms help clients understand what the numbers mean for their financial, commercial, strategic and operational decisions.
Financial controlling
In large organisations, financial controllers provide the essential link between accounting and financial management and commercial and operational decision-making. Their role is critical in both controlling income, expenditure and finance as well as giving support and advice to active business departments to help them obtain and use resources effectively.
Many small and mid-sized organisation do not have financial controllers and our firms can supply them with this important service to help make their businesses more effective and efficient.
Cost management
Good, practical cost management is essential for all businesses, especially those in a low cost, low margin environment. We can supply this service without you needing permanent internal human resources.
IFRS
The International Financial Reporting Standards (IFRS), produced by the International Accounting Standards Board, are increasingly being implemented in countries throughout the world as the standard accounting structure for all companies, to help make easy, transparent comparisons across borders when dealing with international financing, investment or mergers and acquisitions.
However, in many countries which have not fully adopted IFRS, the local General Accepted Accounting Principles (GAAP) still hold sway for your company accounts and so you need experts like member firms of MGI Worldwide to help you translate your own GAAP prepared accounts into IFRS format and vice versa.
This is a very important and sometimes highly technical area so we have a Global IFRS Group, whose members are top experts in this field.
Group reporting
Any group - that is, a company with subsidiary and associated companies - has to report its accounts not only on a company by company basis but also at a consolidated group level. This can be a tricky process, especially when you have subsidiary and parent companies in different countries. As a global network, we are specialists in dealing with national and international group reporting.
Public listed companies
Public listed companies are subject to much more stringent and demanding accounting and reporting regulations than normal private companies. Many of our member firms are licensed to support publicly listed companies and have all the special regulatory and compliance expertise required.
Forensic Accounting
Sometimes things go wrong and you end up in court. Several of our members are highly specialised Forensic Accountants, whose job is to give evidence as technical experts in court, in a wide range of cases, from fraud and mismanagement to complex divorces, contractual disputes involving asset and corporate valuations and so on.
These cases often have an international dimension and so we have created a Global Forensic Accounting Group, bringing together our best experts from around the world to share knowledge, expertise and best practice.
Insolvency & Restructuring
When companies become insolvent or threaten to do so, you need experts to help sort out the mess, to try to find solutions to keep the business going or to deal justly and transparently with creditors and all the other stakeholders.
Great insolvency and restructuring experts like our members can take away a lot of the pain and use innovative approaches to try to solve apparently intractable business problems.
Mergers & Acquisitions
M&A can be anything from the merger of two multinational giants to the acquisition of a small local supplier to make your business more efficient. The M&A process can often involve tricky questions about valuation, remuneration, staffing, business continuity, cultural fit and a host of other questions. Often the most difficult questions are not financial but human and operational. M&A experts will help both sides of the process negotiate better and deal with the problems before they arise.
Our Global M&A Group brings together specialists in this field from all over the world.
Outsourcing
Increasingly, the best long term strategy is to concentrate on what your business is really about, what you’re best at and to ask outside experts to deal with the routine, mundane but essential tasks such as accounting, HR, communications and IT operations for you. Not only does outsourcing make good business sense but it is frequently less costly than having permanent in-house resources. Outsourcing also allows you to adjust your costs as your business goes up and down, rather than being burdened with high fixed costs in the bad times as well as the good.
Payroll
For many companies managing payrolls and all the contractual and legal HR issues that go with it is an expensive headache. Our firms’ payroll services will take all of this off your plate and provide you with a service that is effective and efficient and allows you to concentrate on the real business of making business.