Accounting

 
    
 
Our professional team of accountants typically operates as interim resource or as part of a joint team to support or lead the production of financial outputs including:
  • Practical IFRS support (policies through to conversion)
  • Financial accounts preparation under the Code - e.g. Group Accounts, Pension Fund Accounts
  • Financial close design, especially around ’faster close’
  • Financial accounting processes - e.g. Balance sheet reconciliations and control regimes
  • Business case preparation
  • Costing studies
  • Budgets preparation
  • Fixed asset register review, design, data
  • VAT analysis, especially with respect to Local Authority de-minimus rule on reclaim
Benefits we bring to your organisation include:
  • Access to expert resources that complement your team – we can either provide additional resources and / or take on a new project so your internal team can concentrate on other activities.  E.g. in relation to:
    • Creditors - Expenditure control
    • Debtors – Income control
    • Treasury & Cash Management
    • Project Costing
    • Fixed Assets
    • Payroll
    • Expense Management
  • Ensure effective processes – by reviewing, re-engineering and optimising current processes for example in relation to month end and year end accounting
  • Establish and manage an appropriate control framework for:
    • Accounts production
    • Accounts review
    • Internal audit
    • Compliance and efficiency review and benchmarking
    • Documentation
  • Accurate and compliant reporting through our in-depth knowledge of statutory and regulatory obligations and best practice reporting processes, including:
    • Statutory accounts production
    • Regulatory return production
    • Management reporting
Other services we provide include:

Latest News

18/02/2010

InsightMSC delivered a workshop on the practical impacts of IFRS in Local Government at the Celtic Manor Resort Hotel, Newport...

Latest Case Study

03/03/2010

InsightMSC supported Harborough District Council through their IFRS conversion project using the Insight IFRS toolkit...

Thought Leadership

02/03/2010

Peter Morley explains when and why you should consider an accounting system refresh...