Financial Accounting Solutions
In every enterprise, in order to reach strategic goals, to achieve consistent improvement, and to survive competition, it is very important to determine strategies correctly. However, this may not be sufficient if not supported by tackling financial accounting system structure problems, and by creating solutions so that the financial accounting structure meets both company needs and all requirements for surviving in national and international markets. Aware of this fact, our BIC team creates company-specific financial accounting solutions.
Financial Accounting Solutions Consulting Team
Our team consists of consultants who have extensive information and expertise in both theory and implementation. In addition to their professional experience in financial and management accounting, some of them have also pursued academic careers in related disciplines. This adds more strength to our expertise and makes our consulting services even more reliable. As BIC consulting team, our objective is to support corporations that are striving to ensure an outstanding operational competence, via designing and implementing financial systems that;
- Support performance evaluations in conjunction with the relevant processes, and
- Support faster decision making processes in various hierarchy levels.
Main Solution Components
Along this line, BIC provides various services to its customers in the financial and management accounting areas. Among others, the following services are provided:
- Constitution and reporting of a financial accounting system which complies with International Financial Reporting Standards (IFRS), and with the newly introduced Turkish Accounting Standards (TFRS / TMS),
- Formation and / or re-design of financial accounting processes in order to comply with IFRS and TMS,
- Software selection projects for ERP software applications,
- Formation and / or redesign of the profit and cost center structure of an entity,
- Cost accounting solutions,
- Product costing and intergroup transfer pricing systems,
- Determination of cost allocation principles and methods,
- Activity-Based Costing Systems,
- Management Accounting and Reporting Solutions,
- Project Costing and Controlling Systems,
- Budgeting Solutions.
Methodology
In serving its clients with financial accounting solutions consulting, BIC follows a detailed and predetermined methodology. Furthermore, via preparation of various documents during the project and at the final stage, our clients are informed constantly regarding the conduct of the project, and its results. Typical project outputs include
- A project start report,
- Weekly project status reports,
- A detailed as-is analysis report,
- A conceptual design report,
- A financial handbook,
- A final results report.
