IFRS & OVERSEAS EXPANSION SUPPORT SERVICE
Although compliance with International Financial Reporting Standards (IFRS) is no longer mandatory for Japanese companies, it’s still necessary for companies that are considering raising funds overseas or planning to issue IFRS-compliant financial statements in in the future to spend considerable time adjusting their accounting systems and operations, making careful preparation essential.
In adopting IFRS, it’s also necessary to review the group’s management structure to establish a more effective and efficient financial reporting and business management system. If the company has subsidiaries overseas or in Japan, in addition to local accounting standards, it’s necessary for the parent company to issue financial statements in accordance with its own accounting standards for preparing consolidated financial statements.
In addition, funds with overseas financial vehicles may be required to report to investors in accordance with the accounting standards required by those investors.
We provide a service to convert between Japanese GAAP and IFRS to facilitate the preparation of consolidated financial statements.
As well as advising on international taxation, we also provide services for calculating the fair value and corporate value of financial instruments, as required by IFRS and US GAAP, to support trouble-free financial reporting.
Our Strengths
Not only do we provisionally implement IFRS but we also take advantage of our group’s overseas bases in Singapore and Hong Kong to provide a wide range of services from supporting overseas expansion to preparing consolidated financial statements and dealing with international taxation for overseas subsidiaries.
IFRS and Overseas Expansion Support Service Features
- Conversion advice (such as assistance in determining accounting policies)
- Calculation of fair value in accordance with IFRS and US GAAP (financial instruments, stock acquisition rights, and the like)
- IFRS-compliant enterprise value calculation and enterprise value calculation for cross-border M&A and the like
- Preparation of consolidated package covering overseas subsidiaries and consolidated financial statement
- International tax advice
Cases We Can Help With
- Companies wanting to develop in-house human resources capable of dealing with IFRS practices
- Companies considering overseas expansion but lacking the necessary expertise and requiring advice from external experts
- Companies lacking a complete overview of the project and not knowing where or when to start
Inquiries about IFRS and overseas expansion support
Feel free to contact us if you have any questions about IFRS or support for overseas expansion. All inquiries are treated in the strictest confidence.
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