Services
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Flexible finance leadership without hiring a full-time resource
Businesses often need experienced finance support for a few days or weeks to improve visibility over performance, stabilise reporting processes and support management decision making
Services include:
Integrated three-statement financial models (P&L, balance sheet and cash flow)
Budget preparation and coordination across departments
12-month rolling forecasts with downside and sensitivity scenarios
13-week cash flow forecasting and liquidity analysis
Revenue and gross margin analysis by product, customer or business segment
Cost driver analysis to build a management view of costs separate from statutory accounts
Working capital analysis including receivables and payables quality review
Capital investment analysis including NPV, IRR and payback modelling
Month-End & Financial Reporting Support
Finance teams often lose time reconciling accounts, fixing errors and responding to reporting requests. This service provides practical support during reporting cycles
Services include:
Preparation of monthly management accounts and reporting packs
Preparation of consolidated management accounts for multi-entity groups, including intercompany eliminations and consolidation adjustments
Preparation of board packs and financial reporting summaries
Preparation of special purpose financial statements
Preparation of statutory financial statements
Balance sheet reconciliations and clearing historical reconciling items
Preparation of accruals, prepayments and recurring journals
Preparation of supporting schedules including fixed asset registers and debt schedules
Variance analysis and explanation of key movements in financial results
Other financial analysis (as required)
Excel Spreadsheet Support
Manually prepared Excel spreadsheets can slow down reporting and introduce a high risk of formula errors. Many finance teams rely on spreadsheets that have evolved over time and contain manual workarounds, inconsistent formulas and limited controls
Services include:
Review of complex Excel spreadsheets used in financial reporting processes
Identification of formula errors and inconsistent calculations
Rebuilding spreadsheets into structured and easy-to-maintain models
Development and completion of balance sheet reconciliation templates
Development and use of standardised journal entry templates
Standardisation of key Excel schedules used in month-end reporting processes
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M&A preparation is often underestimated. Transaction processes require management teams to prepare significant volumes of financial information, respond to due diligence requests from bidders and advisers, and present information in formats required by investment banks, lawyers and financial advisers. Without dedicated support this can place pressure on management teams, cause delays in responding to information requests and increase the risk of cost overruns or missed timelines which can impact transaction value. This service acts as a bridge between management teams and transaction advisers while coordinating the process end-to-end — from transaction kick-off and preparation, through execution and completion, to post-transaction support — helping ensure information is prepared efficiently, due diligence responses remain current and transaction processes stay on track
Services include:
Data room selection, set-up and management to organise financial and operational information for bidders and advisers
Project management coordinating advisers, management teams and shareholders throughout the transaction process
Preparation of financial information packs for investors and advisers including confidential information memorandums, investor presentations and transaction flyers
Coordination of financial information requests during financial due diligence processes
Management of Virtual Data Room Q&A processes between management teams, bidders and advisers
Financial modelling of run-rate earnings, net debt and working capital to ensure consistent financial information is used across valuation models and transaction workstreams
Preparation of trading updates during transaction processes to ensure bidders and advisers have access to current financial performance and that financial information used across diligence, valuation and negotiations remains consistent
Preparation and review of completion accounts and pricing adjustments to support transaction completion processes (Locked Box and Completion Accounts mechanisms)
Review of key transaction documentation including Sale and Purchase Agreements and Transitional Service Agreements
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External audits can quickly fall behind schedule when finance teams are stretched or key documentation is delayed. Audit adjustments identified late in the process can result in missed KPIs, delays in finalising financial statements, increased audit costs and additional pressure on management and boards. This service minimises the risk of late audit adjustments, facilitates adherence to audit timelines, reduces bottlenecks during the audit process and helps organisations prepare effectively for external audits
Services include:
Front-loading the audit through proactive planning and preparation of audit supporting schedules
Working with finance teams and accessing systems to collate and prepare information required to respond to external auditor request lists and queries
Assistance remediating management letter comments
Performing and documenting walkthroughs of key processes, systems and internal controls to support audit risk assessments, including preparation of process flow diagrams documenting people, processes, systems, risks, controls and inputs
Identifying risks, mapping them to controls and linking them to financial statement assertions
Preparing control databases covering account-level and entity-level controls
Preparation of account-level and financial statement analytical reviews to support audit risk assessments and reduce time-intensive substantive testing
Review of control design and operating effectiveness
Preparing statutory financial statements, including mapping to the final trial balance, to support finalisation of statutory accounts and the annual report
Supporting finalisation and wrap-up of the audit file, including resolution of outstanding audit evidence and final queries to facilitate timely sign-off of the audit opinion
Supporting the completion of audits of dormant entities
Technical Accounting Support
When new accounting standards are introduced, or contracts are entered into or amended, the accounting implications can create uncertainty around the correct treatment. Independent review of the accounting implications and preparation of memorandums explaining the appropriate accounting treatment helps ensure accurate financial reporting, supports good governance and reduces audit time
Services include:
Review of commercial contracts to determine appropriate accounting treatment
Technical accounting support for complex accounting standards including:
Revenue recognition (IFRS / AASB 15)
Lease accounting (IFRS / AASB 16)
Financial instruments (IFRS / AASB 9)
– Share-based payments and ESOP accounting (IFRS / AASB 2)Business combinations and purchase accounting (IFRS / AASB 3)
Others standards (as required)
Preparation of accounting memorandums documenting technical accounting positions
Support implementing new accounting standards and disclosure requirements