International Accounting Standards Consultancy

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In January 2005, the International Financial Reporting Standards (IFRS) will come into effect and will be mandatory for every public company in Europe to adhere to. The standards will have wide-ranging effects on your business including:

* Profit and Loss
* Budgeting
* Balance Sheet
* Forecasting
* Management Reporting
* Corporate Governance
* Use of Hedge Funds and Leasing
* Taxation
* Employee Share and Pension Schemes

It is important to start planning for the introduction of IFRS now, as the year 2004 (or more) that will be included in the year 2005 accounts as comparative data need to reflect the new standards.

For many companies, the changes will not be favourable but IASC Limited can study the impact that IFRS will have on your accounts and taxes in order to give the best advice for your company to manage the changes and to manage your Profit and Loss and Balance Sheet.

We can also improve your Profit & Loss by estimating Fair Value on a many different items (e.g. company assets and liabilities - IFRS gives this option) and advise where best to have the fair value estimated in order to have the best possible effect dependent on the company?s geographical and tax structure. We can also optimise your forecast by advising you on how to adjust expenses in line with predicted sales.

As you know , your auditors can't advise you what accounting approach to choose and make estimations of you assets and liabilities, they can only audit it, in most of the cases you need to have consultant that can help you to come up with the best solutions for your business .

By choosing IFRS you find not only consultants , but also partners that can help you to manage your income trough day to day busin

OUR GOAL ? TO HELP YOU TO MANAGE YOUR PROFIT..

For this we use pure accounting technical analysis i.e., interpretation of the accounting standards, to choose the best option for your company?s situation and through commercial business analysis, we can pinpoint areas for improvement.

If your forecast is say 40% inaccurate at present, we can help you improve the forecasting process to reduce this gap, so that your net profit is optimised in line with the reduction in the gap.

Since we will have independent representation in your company we can present a more realistic picture about ?actual? revenue and expenses with recommendations of what areas you can make improvements to and how.

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