Many organisations often struggle with different data definitions due to different accounting principles (local statutory and fiscal laws, IFRS and US GAAP). It can be difficult to embed policy updates in daily accounting. Different processes and internal control procedures can make it difficult to align between different owners of data. Speaking the same finance language is key to overcome these challenges.
We will help you to define your common finance language which will serve as the standard way of accounting and reporting in all of your group subsidiaries. The Digital Accounting Manual is a robust and user-friendly digital KPMG solution which includes:
- Standard chart of accounts including account definitions
- Standard dimension structures including dimension definitions
- Uniform group accounting policies
- Detailed accounting treatments for journal entry guidance
- Standard Key Performance Indicators and reporting definitions
