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Swiss Financial Reporting Law: Efficient Consolidation and Effective Management Information

In light of the new Swiss financial reporting law, companies are facing a significant challenge in terms of consolidation and management information. According to PwC’s latest guide, efficient consolidation can be achieved through the use of software solutions, while effective management information is crucial for internal planning and controlling.

Consolidation Made Easy

The new financial reporting law requires entities to prepare consolidated accounts for all controlled subsidiaries. However, drawing up consolidated accounts can be a time-consuming and expensive process, especially for small and medium-sized enterprises (SMEs). PwC’s latest guide highlights the importance of using software solutions to streamline consolidation, taking into account factors such as:

  • The number of entities to be consolidated
  • Currencies
  • Financial reporting standards

Management Information Systems

The guide also emphasizes the need for effective management information systems (MIS) to support internal planning and controlling. An MIS should provide:

  • Transparency: providing a clear understanding of the company’s business performance and results
  • Control levers: ensuring that information is consistently protected against unauthorized access
  • Efficiency: streamlining processes and reducing costs
  • Risk and compliance functions: ensuring adherence to regulatory requirements

PwC’s Expertise

PwC’s dedicated SME advisory team has extensive experience in:

  • Defining MIS contents
  • Setting up cost and performance accounting systems
  • Implementing technical solutions

The team consists of experienced experts in reporting, controlling, and financial accounting, ensuring that clients receive tailored support to meet their project requirements.

Future Prospects

As the Swiss financial reporting law continues to evolve, companies must adapt to changing regulations and technological advancements. PwC’s latest guide provides a practical framework for efficient consolidation and effective management information systems, enabling businesses to stay ahead of the curve.

For more information on PwC’s services and expertise in financial reporting and management information, please contact: