A foreign investor or fund
They compare you with companies from other countries, and they do it in IFRS.
Process Automation
We map the manual work inside your operation, automate it with Power Automate, Excel and AI-driven workflows, and measure the hours it gives back.
- Journal entries, reconciliations and the monthly close
- Invoices, reports and approvals that run themselves
- Built inside the tools you already pay for
- Hours and error rate measured before and after
U.S. Company and Tax
Formation, EIN, ITIN through an IRS-authorized Certifying Acceptance Agent, the company and personal returns, and the bookkeeping underneath them.
U.S. Company FormationITINBusiness Tax ReturnsPersonal Tax ReturnsAccounting and BookkeepingOperating and Tax BlueprintIFRS Financial Statements
Quote your case Global Talent
Vetted remote professionals, full time, by deliverable, by the hour or by project. They stay on our payroll, not on yours.
CAD and Site PlanningAccountingFinance and FP&AData AnalysisSystems and Software EngineeringAdministrative SupportProject ManagementCustomer Support
See all roles Business Intelligence
We turn scattered spreadsheets and systems into SQL data models and Power BI dashboards your team actually uses to make decisions.
- One source everyone reads from
- Dashboards built around decisions, not every metric
- Refreshed on their own, not rebuilt on Mondays
Training and Workshops
Workshops and coaching for finance teams on automation, Power BI and SQL, IFRS and running a U.S. company from abroad, built on your own files.
- In your office, live online or at your event
- Single sessions or packages of four to six
- In Spanish or English, on your own files
IFRS financial statements
Financial statements a foreign investor can read.
Your books are in US GAAP; your investor, your bank abroad or your parent company reads IFRS. We convert the statements, reconcile one framework to the other and, if you need it, leave the process running so next year is not another project.
Reconciliation
From US GAAP to IFRS
Net income under US GAAP1,240
Inventory: LIFO to FIFO (IAS 2)+85
Development costs capitalised (IAS 38)+120
Leases under IFRS 16−18
Component depreciation (IAS 16)−22
Deferred tax on the adjustments−41
Net income under IFRS1,364
Illustrative figures. Which adjustments apply depends on each company.
When it comes up
Nobody moves to IFRS for fun. Someone is always asking.
These are the six situations that bring companies to us. In every one of them there is a date, and the statements have to be ready before it.
A parent company abroad
The group reports under IFRS and your U.S. subsidiary has to fit into its consolidation.
A bank or lender outside the U.S.
Many ask for IFRS statements before approving a credit line or a guarantee.
A regulator or a tender
Registering a branch, bidding in another country or obtaining a licence often requires IFRS.
A sale or a merger
The buyer runs due diligence in IFRS, and a ready reconciliation from US GAAP saves weeks.
Subsidiaries in several countries
Each keeps local books; the group needs one common framework to consolidate, and IFRS is usually the one they share.
Where the numbers change
The differences that move the result.
US GAAP and IFRS agree on most things. These are the differences that usually change a profit, an asset or a ratio, and the ones a conversion has to catch.
| Topic | US GAAP | IFRS | What it changes |
|---|---|---|---|
| Inventory | US GAAPLIFO allowed | IFRSLIFO prohibited (IAS 2) | What it changesCost of sales and inventory value when prices rise |
| Development costs | US GAAPExpensed as incurred, with exceptions such as software | IFRSCapitalised once the criteria of IAS 38 are met | What it changesProfit for the year and intangible assets |
| Impairment reversals | US GAAPNot allowed for assets held and used | IFRSAllowed, except for goodwill (IAS 36) | What it changesAsset values after a recovery |
| Property, plant and equipment | US GAAPCost model only | IFRSCost or revaluation model (IAS 16) | What it changesEquity, and depreciation from then on |
| Component depreciation | US GAAPPermitted, rarely used | IFRSRequired for significant parts | What it changesThe annual depreciation charge |
| Leases, as lessee | US GAAPTwo models, finance and operating (ASC 842) | IFRSA single model (IFRS 16) | What it changesOperating profit, EBITDA and the timing of the expense |
| Provisions | US GAAPRecognised when a loss is probable, read as likely to occur | IFRSRecognised when more likely than not (IAS 37) | What it changesWhen a lawsuit or a claim enters the books |
A summary for orientation. Each difference has exceptions, and a conversion looks at your actual transactions, not at this table.
What the service includes
From the first gap to statements you can sign.
01
Gap analysis
Which differences apply to your company, and how much each one moves the numbers.
02
Accounting policies
Written IFRS policies for each area, with the options the standards allow and why each one was chosen.
03
Conversion and reconciliation
Opening balance, adjustments, and a reconciliation of equity and profit between both frameworks.
04
Statements and notes
The full set: financial position, profit or loss, changes in equity, cash flows and the notes.
05
Consolidation
When there are several entities: each ledger mapped to one chart of accounts, and what they trade among themselves eliminated.
06
Automation and training
The mapping left in a model that runs at every close, and your team trained to maintain it.
Track record
Done before, for groups that report under IFRS.
Conversions between US GAAP and IFRS for multinational companies in manufacturing, pharmaceuticals and financial services, and U.S. subsidiaries aligned so the group could consolidate in days instead of weeks.
30–40%
Fewer external audit hours
Once the data was harmonised and the disclosures standardised.
60%
Faster regulatory approval
For a company registering a branch abroad, after its statements were converted to IFRS.
100+Balance-sheet accounts reconciled in one model
50Subsidiaries on the same process
17 hSaved per entity, every month
90%+Fewer misclassifications and currency errors
Credentials of the team that leads the work
Diploma in IFRS · ICAEWInternational Financial Reporting · ACCASAP S/4HANA Financial AccountingWorkivaPower BI
Figures measured on past engagements. Clients are not named.
Questionnaire
Tell us who is asking for IFRS.
Six questions about who will read the statements, what you have today and when it is due. With that we can scope the conversion and quote it.
The questionnaire needs JavaScript. If you cannot enable it, write to us and we will go through your case with you directly.
Frequently asked questions
What we are asked before starting.
Full IFRS or IFRS for SMEs?
IFRS for SMEs is a simplified version for companies without public accountability, and many banks and investors accept it. Before starting we confirm which one the person asking will accept, because the work is different.
Do we have to stop using US GAAP?
No. Most companies keep US GAAP for their U.S. reporting and produce IFRS statements alongside, from the same books, with a reconciliation between the two.
Can a U.S. company report under IFRS?
A private company can prepare IFRS statements whenever a reader asks for them. For companies listed in the U.S., the SEC requires US GAAP from domestic issuers and accepts IFRS from foreign private issuers.
Do you audit the statements?
No. We prepare them and document every adjustment so the audit goes faster. If an audit opinion is required, it comes from an independent audit firm, and we work with them.
How long does a conversion take?
It depends on the number of entities and on how many differences apply. One company with its books up to date takes weeks; a group takes longer. The date is part of the quote.
Our books are in Spanish, from a subsidiary in Latin America. Is that a problem?
No. We work in Spanish and English, and mapping a local chart of accounts to the group chart is often part of the job.
Tell us who is asking, and by when.
Six questions in the form above and we come back with the scope, the date and the price. Or call us if the deadline is close.