Implementing a proper accounting and reporting methodology is the basis for transparent financial decisions that aligns with the regulatory standards and stakeholder expectations. This helps companies to ensure a consistency of approach, minimise the risk of errors, and increase confidence in their reporting.
Your methodology defines the rules, policies, and procedures by which your company records business transactions and prepares financial statements. Its quality determines the accuracy of data, compliance with national and international standards (i.e. IFRS), and therefore has a direct influence on the effectiveness of management decisions.
