Business groups, especially those operating internationally, face complex accounting challenges that require specialized expertise. The diversity of accounting regulations across countries, the requirements for consolidated financial statements, and the obligations related to international standards (such as IFRS or US GAAP) demand rigorous management and mastery of various laws.
At Hexagone Advisory, we provide in-depth expertise in group accounting to assist you in managing the accounting and finances of your subsidiaries and entities worldwide. Whether you are dealing with consolidated financial statements, conversions between accounting standards, or specific reporting, we offer customized solutions to meet your needs while complying with local and international regulations.
Conversion of Accounts Between Standards (IFRS / US GAAP).
As an international group, you may need to manage accounts according to multiple accounting standards. In France, your accounts must comply with the General Accounting Plan (PCG), but for your foreign subsidiaries or headquarters, you may need to use standards like IFRS or US GAAP.
Hexagone Advisory helps you navigate these various accounting standards and ensures seamless conversion of your accounts. We adapt your financial statements to local requirements while ensuring compliance with international standards, whether for internal reports, foreign partners, or financial regulators.
Our services include:
- Conversion of French accounts to IFRS or US GAAP standards to meet headquarters or international regulatory requirements.
- Harmonization of financial data to prevent inconsistencies between local and international standards.
- Preparation of financial reports in compliance with group requirements, whether for internal or external audits.
Thanks to our expertise, we enable you to manage this transition between standards smoothly, ensuring that your financial statements are compliant and internationally understandable.
Preparation of Consolidation Packages.
Consolidating financial statements is crucial for any international group, providing a comprehensive view of the group’s financial situation by integrating the financial statements of all subsidiaries, even those located in different countries.
At Hexagone Advisory, we handle the preparation of consolidation packages for your French subsidiaries needed for consolidated financial statements.
The steps we manage include:
- Collection and centralization of financial data from French subsidiaries according to the group’s model.
- Preparation of necessary adjustments to ensure compliance of consolidated accounts with group accounting standards.
- Regular and effective communication with the group’s financial managers to provide relevant information and address any questions.
With Hexagone Advisory, consolidating the accounts of your French subsidiary becomes a simple and smooth process, offering you a complete and transparent view of your operations.
Other Group Reporting.
Beyond financial statement consolidation, international groups often need to produce specific reports to meet local or international requirements, particularly regarding deferred taxes, retirement provisions, or other specific financial obligations.
Our group reporting services cover:
- Deferred tax management: Calculation and management of deferred tax provisions for group entities.
- Provisions for pensions and other long-term benefits: Management of financial obligations related to retirement plans or post-employment benefits.
- Specific financial reporting to meet the requirements of shareholders, regulators, or investors.
With our expertise, you benefit from precise, customized reporting that facilitates managing your financial obligations and making strategic group-level decisions.
Accounting Consultations for Special Operations.
Certain exceptional situations or complex operations require specialized accounting advice. Whether for mergers, acquisitions, corporate restructuring, or ERP software migration, Hexagone Advisory is here to support you in managing these delicate operations.
We advise you on:
- Accounting management of mergers and acquisitions: Analysis of the accounting and tax impacts of mergers or acquisitions.
- Legal or financial restructuring: Assistance in the accounting treatment of financial restructurings.
- Compliance of accounting choices: Verification and validation of selected accounting options to ensure compliance with local and international laws.
We work with you to ensure that each operation is managed optimally to maximize your benefits while respecting accounting and tax compliance.
Why Choose Hexagone Advisory for Your Group’s Accounting?
Managing the accounting of a business group, especially one with international branches, requires advanced accounting expertise and an in-depth knowledge of international standards. We provide this expertise, along with a personalized approach to meet your specific needs.
Here’s why our clients trust us:
- Multi-standard expertise: We are proficient in both local (PCG) and international accounting standards (IFRS, US GAAP), ensuring seamless integration of your subsidiaries’ accounts.
- Comprehensive support: We support you at every stage, from account conversion to consolidation, financial reporting, and consulting for special operations.
- International compliance: We ensure that your financial statements meet local and international requirements, protecting you from any compliance risks.
- Tailored solutions: We adapt our services to your group’s specific needs, offering optimized accounting solutions to simplify your processes.
