Business Consulting

The LVC company has been specializing in consulting on the International Financial Reporting Standards (IFRS) for more than 6 years. During this time it has actively followed the development of IFRSs, it has monitored trends and „best practice“ in reporting financial information under IFRSs and has gained professional experience.

We provide consulting services:

1. directly to companies, which prepare financial statements according to IFRSs / IFRS for SMEs, and help them in a range of tasks related to the processing of financial statements
2. to other consulting companies, where we become a member of working teams and participate in preparing or verifying financial statements according to IFRSs / IFRS for SMEs.

As part of our business consulting we are able to help you and provide you with the following services in the area of the IFRSs or the IFRS for Small and Medium Enterprises (SMEs):

• assistance in determining whether to prepare financial statements under IFRSs or IFRS for SMEs
• project proposal and preparation of the initial application of the IFRSs / IFRS for SMEs
• assistance in preparing financial statements in accordance with the IFRSs / IFRS for SMEs
• complete preparation of financial statements (statements and supplements), in compliance with the IFRSs / IFRS for SMEs
• preparation and processing of accounting methodology of specific transactions and events in the context of the IFRSs / IFRS for SMEs
• proposals for individual financial statements, mapping between these statements and accounting schedules used for statutory requirements according to the Czech accounting standards
• assistance in processing documents for consolidation according to IFRSs / IFRS for SMEs
• complete preparation of consolidated financial statements (statements and supplements) in accordance with the IFRSs / IFRS for SMEs
• preparation of internal guidelines for bookkeeping in accordance with IFRSs / IFRS for SMEs
• compute the enterprise value of an acquired business as part of the business combination for purposes of financial statements prepared in accordance with the IFRSs / IFRS for SMEs
• and other activities which are related to the IFRSs and cohesion between IFRSs and the Czech accounting regulations

For more details, please contact us.

We cooperate with the following consulting companies:

• Daně a audit, s.r.o.
• BDO Audit, s.r.o.
• PROXY-AUDIT, s.r.o.
• RK – AUDIT s.r.o.
• RSM TACOMA Auditing, s.r.o.

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