Arbeitskreis Group Accounting 2014

1st AKKoRe

"From standard to implementation"

Focus Topics:

Cash flow determination (direct vs. indirect): Which attributes from the posting material can be used to automate the assignment to cash flow items? What needs to be changed for this purpose in the systems of individual accounting? What influence does this change have on the presentation of the consolidated cash flow? What does that mean for the implementation and what expenses are to be planned for this?

Profit realization (replacement IAS 18 and IAS 11): How can the individual services be identified? What impact does this have on billing services with customers and how do they need to adjust the systems for service entry? Who determines the actual transaction price as the basis for the calculation and how standardized can this be documented? Does the balance sheet requirement lead to changed types of contracts with customers and to changed incentive models?

Leasing (new regulation IAS 17): Who identifies and classifies a lease? Which departments are affected in subsequent process steps and which detail is required? Do processes and systems have to be adapted for this? How standardized can this be documented?

An event of the competence network Group Accounting
The competence network has set itself the goal of anticipating best-practice approaches to new and well-known challenges in Group accounting. With our working group, we have also launched a platform where the experts in Group accounting can communicate at a high level and discuss the challenges in their respective companies. The members are the heads of group accounting, predominantly in large corporations. As a rule, the group consists of about 30 participants with increasing tendency, which are divided into specialist groups and very open and intensively discuss current topics. Requirements are discussed confidentially in small groups of like-minded people, solution options are worked out, risks are identified, and possible implementation programs are developed. The workshops will be moderated and documented by experienced experts.

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