Accounting Advisory

Accounting Advisory

Today more than one hundred countries had adopted International Financial Reporting Standards (IFRS) as initially issued by the International Accounting Standards Board (IASB) or endorsed by a particular jurisdiction.

When Indonesia adopted this standard in 2008, the financial reporting framework changed significantly. The Indonesian Accounting Standards Board IAI (DSAK IAI) has issued four different accounting standards and will continue to evolve to suit any companies.

Reanda Bernardi understands the far-reaching impact of this change on your organization. Compliance with standards, adjustments to accounting information systems, adequate knowledge resources, implications of expected income to be reported, and linkages with taxation are some of the problems that may occur from these changes.

Besides, we also recognize that, due to independence rules, your external auditor can only provide limited services. As a provider of public accounting services, Reanda Bernardi has extensive knowledge of various aspects of IFRS and offers an approach that prepares your organization for a smooth transition. With our help, the change won’t be a daunting experience.

Our Services

As a provider of accounting or bookkeeping services, we have a solid team of accountants and tax consultants. Thus, we can support multiple organizations to meet their back-office needs.

We also work with our IT partners to provide cloud-based financial reporting that you can access 24/7.

How Reanda Bernardi can help your company

By partnering with Xero, our range of bookkeeping services includes:

  • Monthly financial reporting: we do the initial set-up of your financial reporting and the monthly reporting, accessible at your fingertip.
  • Customized management accounts, forecasting, and cash flow: at your request, we provide customization of financial reports. We also can do forecasting and cash flows to meet your needs.
  • Budget preparation and analysis of key ratios and indicators of financial performance.
  • Advice on accounting policies and procedures.
  • Preparation of statutory financial statements and coordination with auditors on statutory audit.

Talk to our Accounting Advisor team to find out how we can fully address your bookkeeping needs.

We have a dedicated team for IFRS convergence services. Our team continuously monitors the IFRS evolvement in Indonesia.

How Reanda Bernardi can help your company

We provide the following assistance related to the IFRS convergence process:

  • Giving advice based on a thorough knowledge of the differences between IFRS-based PSAKs and old-generation PSAKs, including industry-specific considerations that may shape your organization’s conversion.
  • Planning conversion that includes an action plan, detailed review of financial information, and identification and development of staff training
    Identify required information for converting to IFRS-based PSAKs.
  • Supporting conversion team that includes training and development updates, project and portfolio management, and helping assess the overall impact on the organization.
  • Create a conversion plan based on our proven framework to help ensure success in a project of this magnitude.
  • Implement a holistic project approach incorporating fundamental technical accounting changes and addressing the impact on Change and Project Management, Technology, Human Capital, Tax, and Process Drivers.
  • Assisting with stakeholder communications.

Speak with our specialists to find out how we can help you navigate the complex Indonesian Financial Accounting Standards changes.

Besides more challenging accounting standards, businesses have evolved to accommodate complex business structures that may arise from corporate actions such as mergers, acquisitions, debt or equity offerings, etc. All this requires a high level of expertise in accounting.

For this reason, we provide accounting consulting services related to these complex transactions.

How Reanda Bernardi can help your company

We provide accounting advice in the following contexts:

  • Accounting advice for structured and complex transactions
  • Support accounting and financial reporting in mergers/acquisitions (pre and post-deal) and IPO
  • Particular purpose financial reports (for IPOs, listings, capital raises, and haircuts)
  • Purchase price allocation/post-merger integration

You can discuss with us to strengthen your team to address all your reporting challenges adequately.

Fostering sustainability is our service philosophy. As a professional service provider, we continue to develop solutions that promote organizational sustainability. As your business grows, you will need the services of an accounting manual and standard operation procedures so that your company can run on its own.

How Reanda Bernardi can help your company

The services we provide include:

  • Development of accounting manuals integrated into your accounting system
  • Development of risk control manual
  • Development of standard operating procedures, covering critical business processes

Our accounting advisory team comprises accounting, tax, business process, and information technology experts. You can consult us to find ways that can make your business run by itself.

In developing a business, many companies face challenges. Some of them include enormous investment costs, less hiring flexibility, and increased employee costs. In the Indonesian market, hiring employees is becoming increasingly expensive because of the labor law stipulating specific compensation in the event of company liquidation, mergers and acquisitions, and so on. These rules can make it difficult for a company to achieve its business goals.

Outsourced finance, accounting, and tax (FAT) services are the solution to keep your organization lean and more focused on your core business. Our outsourced FAT team is your support department, handling all your financial, accounting, and tax matters. We also use Xero cloud-based software so you can access your business financial information anytime and anywhere in real time.

How Reanda Bernardi can help your company

We provide complete outsourcing solutions in financial and tax reporting, covering the following critical business cycles:

  • Receivables
  • Accounts payable
  • Tax processing and reporting
  • Payroll

Digital transformation has changed the way we do business. Machines will not only free up humans to do other tasks but also make the accounting process faster by automation to improve operations and reduce costs.

How Reanda Bernardi can help your company

The services we provide include:

  • Initial accounting system setup
  • Accounting consulting during the migration of accounting standards
  • Accounting standards based on IFRS
  • Accounting consulting during system migration
  • Accounting system improvement

You can contact us for a consultation if you still have trouble producing financial reports on time or have limited financial functions. We will help you to be able to do business analytics on time.

With rapid developments in accounting standards, regulations, and industry practices, companies need ongoing training so that employees can become essential company assets that can stay abreast of the competition.

Sharing experiences is at the core of our training services. As professionals, we understand theoretical concepts, and at the same time, we also have practical experience in how to apply those concepts. In addition, our global network facilitates sharing of our knowledge and experiences.

How Reanda Bernardi can help your company

As part of our commitment to improving the quality of Indonesian professionals and business owners, our training topics cover the following areas:

  • Indonesian Financial Accounting Standards and IFRS
  • Financial statement analysis for non-financial background
  • Financial projections and valuations for non-financial backgrounds
  • Taxation in Indonesia