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5 most difficult accounting areas

Publication date: 2013-11-05 08:44:52

5 most difficult accounting areas

Based on the questionnaires sent to nearly 300 people working in accounting and finance we have found that the 5 most difficult issues in this area are:

No. 1 Testing of fixed assets for impairment
No. 2 Proper preparation of the cash flow statement
No. 3 Deferred tax and the current corporation tax
No. 4 Proper recognition of finance leases in the books
No. 5 Reliable estimation of provisions for inventories or receivables

In all these areas there is support of 24iValue service.

S.Ekman ? General Manager
FY AUDIT/24iValue

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24iValue system imitates the process of thinking and action of a "conventional" valuation or accounting expert, and together with the user it solves the accounting or reporting problem.

For example: valuation of financial instruments, market valuation of certain assets, corporation income tax, deferred taxes, cash flow statement, finance lease accounting and establishes provisions for liabilities (including provision for retirement bonus) or provisions on assets inventories, accounts receivable, and fixed assets.

With 24iValue, you can minimise the risk of material errors and improve the quality of financial reporting and corporation tax.

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