Financial Statement Preparation/Accounting Outsourcing/
Our professionals prepare our clients’ financial statements in accordance with IASs and Mongolian laws and regulations. Based on the supporting documents provided, we perform all the activities to be carried out when preparing the financial statements and hand over the documents to the client ready for archiving attribute. We also deliver integrated financial and tax reports preparation services. While engaging our services, we diligently ensure the integration between Financial statements and Tax reports in order to prevent our clients from various future risks arising from misstatements, non-compliance, and irrelevancy. Besides, we also offer partial-accounting service to our clients instead of a comprehensive service when needed. The service fee will be determined based on the estimate of required hours and the hourly rate of the outsourcing team.
Accounting advisory
Our qualified consultants advise you on difficult accounting issues and help you to resolve them at the theoretical and practical level by proposing possible solutions and outcomes that can be effectively addressed under the law. We provide accounting advisory within the following scopes to our clients:
International Accounting Standards
Mongolian Accounting Standards
Accounting Law of Mongolia
Auditing Law of Mongolia
Violations Law of Mongolia
Other relevant legal acts and resolutions
Also, we provide recommendations and assistance to ensure the practical implementation of the accounting standards. The advisors will also determine solutions under the law based on their professional experience in matters related to day-to-day transactions, the selection of financial software, the preparation of primary documents, and other considerations to address the client's accounting problems. The advisory service can be either in writing or in the form of a meeting and the consulting fees will be determined based on the estimate of required hours to accomplish the service.
Financial Statement Analysis
A Financial statement analysis service includes analyzing the financial statements to prepare the relevant economic information for decision-making purposes. Also, an analysis of economic indicators to develop a business and investment plan is prepared by our analysts. It is also a process of providing an independent consultant's opinion about the actual situation to help our clients make the most beneficial decision. The service fees will be determined based on the estimate of the required hours to accomplish the service.
Development of an Accounting Policy
The Development of an Accounting policy is a service that develops an accounting policy which defines an organization's accounting basic principles adapted for the client's operational specifications, in accordance with the IFRSs, accounting laws and other legislatures. It also provides advice and necessary assistance to the management on the implementation of the accounting policies and procedures in its operations. The service fees will be determined based on the estimate of the required hours to accomplish the service.