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Advisory

Accounting Advisory & Virtual CFO Services

Companies today have lean finance functions and are often facing a shortage of resources and talent. As accounting standards continue to evolve, it is important to leverage the right advice from professionals when addressing the increasingly complex accounting and financial reporting challenges.

Through services tailored to your business needs, our Accounting Advisory professionals have extensive knowledge and industry experience to provide advice in these complex areas.DT Accounting enables you to make better financial decisions for your group as a whole with reliable accounts consolidation or even get access to the expertise of a virtual CFO on an as-needed basis.

Implementation of new accounting standards

We assist our clients by implementing new financial reporting standards and presenting an impact assessment in the financial statements:

Our Services and Pricing

Digitalisation of finance and accounting

Through our range of specialised services, we have in-depth knowledge of accounting regulations and extensive experience working with companies from various industries. Our team of Accounting Advisory experts work alongside your finance team to ensure success in your finance and accounting digitalisation journey by using technologies in a wide range of activities:

Document recognition and automated data extraction
Direct data transfer with customers and suppliers
Digital payment

Interpretation of complex accounting issues

Our advisory services include accounting interpretation and advice on complex accounting issues and standards:

Consolidated financial statements
Business combination
Share-based payment
Financial instruments accounting
Tax accounting (deferred tax, uncertain tax positions)

Cash flow advisory

Cash is key to the survival and growth of any business, and that is especially important in the current market where businesses are faced with slowing demand caused by the pandemic.

Our Accounting Advisory professionals can help in many ways through the following services to enhance your cash flow management positions:

Analysing the level of liquidity and cash needs during crisis period
Assessing the impact of any immediate and near-term funding requirements
Adopting a working capital strategy to improve processes around accounts receivables, accounts payables, inventory and shorten the cash conversion cycle

Virtual CFO Services

Chief Financial Officers (CFO) today go beyond reporting and compliance oversight. The role of CFOs has evolved into a more strategic role to drive operational gains and provide insights to the company’s growth plans. However, many SMEs and start-ups do not have the resources for a full-time CFO. Our virtual CFO service would fill the gap by providing a part-time CFO at a reasonable fee to support businesses in the following areas:

Review financial health to provide insights on business performance and growth
Streamline operations to increase efficiencies
Analyse business drivers to build annual budget and forecasting

Accounts Consolidation Services

If you are a group of companies consisting of a parent company and subsidiaries, we can combine all the financial information for you. Our accounts consolidation services include:

Combining the assets, liabilities, equity, income, expenses and cash flows of the parent and its subsidiaries and present the numbers as those of a single economic entity.
Making consolidation adjustments to eliminate the parent’s investment in each subsidiary (in the parent’s separate financial statements) against the parent’s portion of equity of each subsidiary (in the subsidiary’s standalone financial statements), as well as the intragroup balances and transactions.