05 Ene Why not outsource the financial roles of your companies in Spain
Outsourcing your financial services involves using a service provider that essentially acts as your own financial team. Financial outsourcing enables businesses to improve their financial functions cost-effectively.
Accounting and financial roles are one of the most crucial functions in any company. Accurate and up-to-date financial data, enables company owners and executives to make the right decisions and better manage their companies.
- Cut hiring and infrastructural costs
- Gain flexibility
- Financial professionals let you focus on main business activities
- Higher level of competence and capacity
- Access to local expertise
- Permanent updating in Spanish GAAP (Plan General Contable) and local taxes
Implementation of a reporting system from your subsidiaries in Spain will support your financial team controlling your investee companies. Establishing:
- Financial reporting to the parent (holding) company
- Financial DATA consolidation
- Internal checks system
- Key Performance indicators -KPI
- Adoption Spanish GAAP – International IFRS
- Budget & Business plan & Rolling forecast
Consolidated Financial Statements:
Consolidated Financial Statements are used internally by management and can be extremely useful for investors, regulators, and other stakeholders such as financial institutions that wish to review the health of the company.
Consolidating the financial statements let you get a whole picture of your investments in Spain.
IFRS 10 — Consolidated Financial Statements. The objective of IFRS 10 is to establish principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.
AS AUDITORES is a specialized firm of professional auditing and financial consulting services with extensive experience in companies from various sectors. We work and collaborate with our clients in the field of financial consulting, optimizing their financial structure and business organization. Our team is formed by professionals involved in financial tasks with multinational companies implanted in Spain, in both sides, working inside financial department and providing financial advice as company consultors.