Finance as a service - do you really have to do everything yourself?

For many international companies, the preparation of annual financial statements in accordance with German commercial law (HGB) is an onerous compliance obligation that does not add any value to the management of the company because the key figures for management are defined on the basis of international group GAAP (e.g. IFRS, US GAAP, J-GAAP).

However, extensive preparation, auditing and disclosure requirements continue to apply in Germany, which make it necessary to prepare financial statements in accordance with German commercial law.

Employees of German subsidiaries of international companies are often less familiar with the requirements of German commercial law, as they primarily have to apply and report in accordance with the accounting regulations of the group (IFRS, US GAAP or China GAAP etc.). Alternatively, the local national company is managed entirely by an internal shared service centre with a focus on international group GAAP abroad.

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Our services - your benefits

We take on all tasks relating to the preparation of annual financial statements in accordance with German commercial law. Our services include in particular

Reconciliation to HGB accounting
- Carrying out the reconciliation entries from Group GAAP to German commercial law (HGB)
- Carrying out necessary closing entries
- Account mapping according to commercial law classification
Preparation of the annual financial statements under commercial law
- Preparation of balance sheet and profit and loss account
- Preparation of the notes to the financial statements
- Support with the preparation of the management report
- Support in the formulation of shareholder resolutions (e.g. on disclosure or exemption from preparation and auditing in accordance with Section 264 (3) HGB)
- Support with the publication of the annual financial statements under commercial law
Preparation of the (partial) consolidated financial statements under commercial law
We carry out all the necessary steps for the preparation of consolidated financial statements for you:
- Preparation of the summarised balance sheet, validations, consolidation,
- Preparation of the consolidated balance sheet and consolidated income statement, the consolidated statement of changes in equity, the consolidated cash flow statement and the notes to the consolidated financial statements, including the consolidated statement of changes in non-current assets
- Support in the preparation of the group management report in accordance with DRS 20
Coordination with the auditor

We prepare the documentation accompanying the audit during the preparation of the financial statements and, if required, support you during the audit. In addition to discussing the financial statements, this also includes incorporating the audit results and finalising the financial statements.

Ideally positioned for you

With our Finance as a Service teams and tried-and-tested processes, we are able to provide you with expert support. So you can concentrate on the essentials in peace: Your operational business.

Our auditors, tax consultants, accountants and technical staff have specialised in the requirements of an efficient and fast takeover of financial functions. Communication takes place via personal contact partners, who provide continuous support tailored to your individual needs.

If required, we can call on both the national and international KPMG network of specialists at any time. This allows you to benefit equally from our country and industry expertise.

Our modern IT infrastructure paired with KPMG's core competences will noticeably reduce your workload. It goes without saying that we respect our independence.

For further information or queries, please do not hesitate to contact us. Get in touch with us.