NEW ACCOUNTING ISSUES
Companies constantly face new accounting issues, either as a result of external events such as new rules or interpretations, or due to new types of transactions or events within the company.
From experience we know that the ingenuity of companies often is large when it comes to for example new revenue streams, partnership agreements, benefits and acquisition of assets. Regardless if you need help in analyzing new revenue streams, new or amended lease contracts, renegotiated loans, etc., we have the experience required to provide you with a clear and effective support.
Examples of when Fenix Advisory helped companies with new accounting issues
Analysis and discussion of the effects IFRS 18 will have on the financial statements.
Analysis of how revenue should be recognized after entering into a new contract with a customer. In addition to analyzing the consequences in the draft contract, we made suggestions on what changes could be made to achieve the desired outcome.
Analysis and documentation of which accounting policies are material after amendment to IAS 1 (2023). Update and rephrasing of the annual report.
Analysis of the consequences of renegotiation of existing loan agreements and calculation of P&L effect and future accounting treatment.
Calculation of accounting consequences of early repayment of existing loans.
Analysis and reporting of incentive programs (share-based, IFRS 2). Calculation of subsequent dilution effects on earnings per share (IAS 33).
Analysis and calculation of renegotiation of lease contracts (IFRS 16)
Analysis of significant variations in the company’s net financial items, as well as proposals for measures to reduce these.
Facilitated workshops and analyzed effects of applying IFRS 18