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Smooth transition to IFRS with BDO's Conversion Plan

On the basis of an EU regulation, European listed companies must now prepare their consolidated annual accounts according to IFRS standards (International Financial Reporting Standards. This therefore also applies to listed companies in the Netherlands. Besides listed companies, there are companies that choose to apply IFRS voluntarily.

BDO can support your organisation in the full implementation of IFRS. We always work according to an integral, modular plan: the BDO IFRS Conversion Plan. meaning that we not only check your financial reporting, but also other aspects affected by IFRS. For example, knowledge transfer by means of training, changes in IT systems and processes, and communication with stakeholders. This way we reduce the risk of unpleasant surprises during the transition to IFRS.

Our plan

In the first part of the IFRS Conversion Plan we ensure that your annual accounts are prepared according to IFRS. for which we use our IFRS Checklist to check your annual accounts on the basis of all IFRS requirements. Once these checks are made we focus on more general aspects. Experience teaches us that the most important differences occur in pension provision, goodwill and financial instruments.

Our plan has been effective in both large and small businesses. We carry out IFRS conversions both at national and international level. BDO also has a special IFRS Helpdesk where entrepreneurs and controllers make inquiries about IFRS. Thanks to our international expertise and global network we can deal with any IFRS issue.

Contact

If you would like to know how BDO can help you convert to IFRS? Please contact our specialists  for more information about IFRS.