IFRS advisory and consulting

Practical support for IFRS transitions, conversions and day-to-day interpretation, from specialists with years of hands-on experience.

A practical approach to IFRS reporting

Our IFRS advice begins with understanding your company, your data and the systems behind your reporting. When we know where your figures come from and what they are used for, we can apply the relevant standards correctly and in a way that serves your reporting in practice.

IFRS regulation changes continually. We stay current with it, so we can anticipate upcoming changes, identify what they mean for your contracts and reporting in advance, and focus on the standards that are relevant to your business.

What our IFRS advisory covers

Whether you need a one-off conversion or an ongoing IFRS partner, our experts have practical experience across standards, systems and listings.

  • Review and implementation of changes in individual standards
  • Accuracy of IFRS related information generated by reporting systems
  • IFRS transitions e.g. when listing as a public company
  • IFRS regulations for investment firms
  • Assistance to IFRS adopters when preparing financial statements
  • Performing and documenting impairment tests in accordance with IAS 36, Impairment of Assets
  • Weighted average cost of capital (WACC) calculations including documentation
  • Purchase Price Allocation accounting in accordance with IFRS 3, Business Combinations
  • Training on IFRS standards
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Experience across standards and industries

Our experts have years of hands-on IFRS experience and have completed numerous conversions for clients across a range of industries. We understand individual standards, the hierarchy between them and how they interact, which allows us to identify the information that is relevant and set aside what is not.

This experience means complex questions are resolved efficiently, with senior audit-level insight behind each conclusion. Because we keep up to date with changing regulation, our advice is proactive: it prepares you for upcoming requirements rather than responding only once they apply.

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Case example

Norrhydro prepared for global markets with the help of Greenstep’s IFRS experts

“IFRS standards are evolving so it was natural to use experts with experience of IFRS standards and up-to-date knowledge of the latest changes. We have modeled a possible IFRS conversion with Greenstep’s experts. The cooperation has been smooth and efficient.”

Hanne Sarajärvi, the CFO of Norrhydro

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Have an IFRS question on the table?

Whether it concerns a transition, a single demanding standard such as IAS 36 or IFRS 3, or ongoing reporting support, our specialists can help you work through it. Get in touch and we will talk through your situation and how we can help.

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More on this topic

Transactions and financing 3 min read

IAS 36 – How to avoid the pitfalls of impairment testing?

"Impairment testing is not rocket science, and certainly not precise," writes our corporate finance expert Petri Rajala. Companies adhering to IFRS standards need to prepare for the impairment testing in accordance with IAS 36. The goal is to ensure that the recoverable amount of a cash-generating unit exceeds the carrying amount. Although the fundamental principles of the standard are straightforward, practical application can be time-consuming and complex. In this article, we present five important tips to help you avoid the pitfalls of impairment testing.