Reporting packs
Monthly or quarterly reporting packs in the group's format.
Who it is for
Who this service is for
- subsidiaries reporting to an overseas parent;
- groups with entities in both Mainland China and Hong Kong;
- entities audited by group auditors; and
- finance teams that need monthly management accounts in English.
Scope
What Hongda does
The final scope is agreed for each engagement.
GAAP adjustments
Adjustments from China accounting standards to IFRS or the parent's standards.
Intercompany reconciliation
Reconcile intercompany balances and transactions with group entities.
Consolidation support
Prepare the information the group needs for consolidation.
Group audit support
Respond to group auditors' requests for the China entity.
Process
How it works
- 1
Agree the reporting format and calendar.
- 2
Map the chart of accounts to the group's.
- 3
Prepare the first reporting pack.
- 4
Reconcile intercompany items.
- 5
Review with the group finance team.
- 6
Run the reporting cycle.
FAQ
Frequently asked questions
Does this replace our statutory accounts?
No. Statutory accounts in China follow China accounting standards. Group reporting is prepared alongside them.
Can you work with our group's reporting templates?
Yes. The reporting format and calendar are agreed at the start.
Related services
Talk to Hongda
Tell us what you need. We confirm the scope with you before any work starts.