An initial assessment helps analyse opportunities for future change and optimisation. By evaluating the current-state maturity of financial processes, people and technologies and identifying gaps compared to the desired future-state maturity, organisations can make informed decisions about their investments, transformation initiatives and the roadmap to meet stakeholder requirements.

A finance function assessment can focus on all aspects of the finance function including:

• Quality of reporting
• Effectiveness of routine tasks and controls
• Financial and non financial data quality and governance
• ERP functionality and other digital tools in the existing technology stack; and
• Team skills and capabilities.

Automation is a key strategic priority for CFOs. Leading companies are leveraging automation in accounting, budgeting, invoicing, and reporting to enhance efficiency, reduce errors, improve controls and allows finance teams to focus on strategic initiatives that drive growth.

Combining technology with modernisation of the finance function, RSM is well positioned to support CFOs with automation focusing on:

• Optimising the chart of accounts
• Streamlining financial close to report and consolidation processes
• Enhancing financial reporting and disclosures
• Improving treasury accounting
• Management reporting, KPI analysis and reporting insights

Complexity in financial reporting continues to increase, presenting challenges to finance leaders to  deliver compliant, high-quality reports while keeping up with evolving local and global reporting and other regulatory developments.  Your financial reports are a crucial communication tool for stakeholders including investors, lenders, suppliers, and customers. 

Our financial reporting specialists bring technical expertise to help navigate these complexities. We offer both advisory and financial reporting support services to ensure you receive the right solutions for your needs and can support you with:

• Accounting for complex restructuring, capital raisings, demergers, acquisitions, and disposals
• Technical accounting advice on complex topics
• GAAP analysis for various reporting frameworks and implementation of new accounting standards
• Consolidation, lease accounting, share-based payments and other calculations 
• Financial statement preparation and disclosures 
• Developing and reviewing accounting policies
• Financial instruments and treasury accounting

We help you understand the impact of changes in accounting and regulatory requirements and manage any resulting consequences. We act as an extension of your finance team and working with you when presenting outcomes to your auditors.

Having the right resources available when you need them is crucial for achieving your business objectives. We offer flexible solutions to provide your business with expert resources precisely when you need them. 

We identify the right expertise for your needs, which can include:

• Resource support at peak periods or when the finance team are working on other projects 
• Prepare or review of financial statements and disclosures
• Advise on a range of technical issues or preparation including review of technical accounting papers
• Consolidation, complex calculations or specific transaction support.

Whether preparing for a first time audit, acquisition, or other business restructure, a well prepared audit is an efficient audit.  Being well prepared minimises the risk of missing reporting deadlines and reduces strain on resources. 

A critical part of audit readiness is project planning including scoping the necessary resources and expertise and managing  project timelines. 

An external technical accounting consultant can be invaluable when a company lacks the resources or expert staff to manage the audit process . This is true for accounting standard changes, new disclosure requirements or documentation of complex topics.

RSM will work with you to identify the resource needs that allow you to meet your audit requirements in a smart and efficient manner.