GAAP Conversions GAAP Conversions GAAP Conversions

IFRS | Capital Markets & Accounting Advisory Services | IPO Advisory Services | Accounting policies & Financial statements

Are you concerned about the impact of a conversion to another reporting standard on your financial statements and business operations? We believe that companies should see a conversion to a different reporting standard from a broader perspective than just as a reporting issue for the Finance department.

With our multidisciplinary approach, we can support you in providing insight into how a change in the reporting standard affects your financial statements (process) and which (complex) reporting choices are possible or prescribed. We translate these changes into concrete actions within your business systems, processes, personnel and operational management. We ensure this by supporting you in the conversion process by:

• performing an initial impact analysis, in which the differences between IFRS, US GAAP and NL GAAP are made clear;
• identifying significant reporting differences and the expected impact on the income statement, equity, management information and KPIs;
• supplying accounting position papers and audit support;
• providing project management advice in the event of a conversion;
• support in mitigating unintended consequences of a conversion, for example in the field of remuneration, covenants, dividend, etc.

We identify the important reporting differences for your company between IFRS, US GAAP and Dutch GAAP and are happy to help you with the conversion of financial statements, management information and KPIs.

We offer the possibility to use our KPMG GAAP Conversion Tool to perform an initial impact analysis for an IFRS conversion. In an online environment, you, as a customer, can work together with the KPMG team and identify differences between your current principles and the requirements under IFRS.

Partner Capital Markets & Account Advisory Services
KPMG in the Netherlands
+31 (010) 453 4309
Nap.Paul@kpmg.nl

Partner Capital Markets & Accounting Advisory Services
KPMG in the Netherlands
+31 (020) 656 8685
Ebbinkhuijsen.Niels@kpmg.nl

Director Capital Markets & Account Advisory Services
KPMG in the Netherlands
+31 (020) 656 8665
DeWaal.Lawrence@kpmg.nl

Director Capital Markets & Accounting Advisory Services
KPMG in the Netherlands
+31 (020) 656 7757
DeGraaff.Gijs@kpmg.nl