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Accounting

Public Companies

It is virtually obligatory that your business leverages a growth and innovation partnership so as to strategically align it for business excellence and success. The starting point is your company’s accounting records.

At Middel & Partners we offer a range of innovative accounting services from full IFRS compliance services and decision-making tools to financial statement preparation.

Accounting in the public sectors involves a plethora of components which must be completed before the company’s financial statements are finalised. This can involve any actions required from capturing invoices and preparing VAT returns, to fair value adjustments preparing IFRS compliant fixed asset registers, and tax calculations.

FINANCIAL STATEMENT PREPARATION

We offer a clear, concise, and compliant compilation process.

Your financial statements are a reflection on the success of your company. Therefore, all financial statements must comply with all applicable and relevant accounting standards. We offer you guidance and offer a streamlined process as part of our preparation process so as to ensure a positive public image of your company.  The Companies Act has a prerequisite that Annual Financial Statements should be prepared independently within six (6) months of the financial year end, and our preparations will exceed these standards and your expectations by far.

 

Our team of experts will reduce stress and workload for you and your Finance department by taking the time and using our expertise to produce professional and accurate financial statements that is bound to impress any Board. We shall work alongside your Finance team to ensure that your business is audit-ready and fully compliant.

DECISION ACCOUNTING

Accounting that drives your business forward.

The operational dashboards of information that drive your business and your organisation, need to capacitate you to make decisions on the go. Decision accounting is a real-time process which allows you to make informed decisions and take decisive action at any given moment, culminating in both time and cost saving for the organisation.

It is clear that quality information is critical, especially in the business world. Our Decision Accounting Methodology enables your finance department to become your proverbial co-pilot as they propel the organisation to achieve and exceed growth and development targets.

You cannot run your business on IFRS solely. However, Decision Accounting offers a suite of services which are tailored to your business, thereby allowing you to assimilate and harness the appropriate data to run your operations effectively.

DECISION ACCOUNTING

Accounting that drives your business forward.

The operational dashboards of information that drive your business and your organisation, need to capacitate you to make decisions on the go. Decision accounting is a real-time process which allows you to make informed decisions and take decisive action at any given moment, culminating in both time and cost saving for the organisation.

It is clear that quality information is critical, especially in the business world. Our Decision Accounting Methodology enables your finance department to become your proverbial co-pilot as they propel the organisation to achieve and exceed growth and development targets.

You cannot run your business on IFRS solely. However, Decision Accounting offers a suite of services which are tailored to your business, thereby allowing you to assimilate and harness the appropriate data to run your operations effectively.

FAIR VALUE ACCOUNTING

By implementing fair value accounting the financial statements reflect a more realistic value of your business.

Fair value refers to the actual value of an asset, a product, stock, or security that a willing buyer and willing seller will agree upon. The advantages of fair value accounting are that it offers:

01

True measure of the value of your company and does not rely on historical profits and losses

02

The means to update the value of different assets, as the historical cost value of assets will change over time

03

Business survival during difficult financial times to reflect the true value of your company

IFRS CONSULTING

Use IFRS to your advantage.

As borders become porous so do business transactions. Businesses are constantly diversifying and evolving. Many business transactions take place across borders. Such transactions can be cumbersome if different countries adopt different accounting standards. The stage was set for International Financial Reporting Standards (IFRS).

IFRS Standards ensure transparency by enhancing the international comparability and quality of financial information. These standards strengthen accountability by reducing the information gap between the providers of capital and the people to whom they have entrusted their money. IFRS is critical in contributing to efficiency by assisting investors to identify opportunities globally and know the inherent risks and advantages.

IFRS Standards evolves as the world does. With a rapid growth of global corporations and business transactions, it is becoming increasingly important to follow the continued changes in IFRS.

It can be challenging and time-consuming to navigate through extensive IFRS guidelines and follow their frequent updates regarding application.

At Middel & Partners our experts offer both best-practice compliance and complex IFRS advisory services to address the specific needs of your organisation.

IFRS CONSULTING

Use IFRS to your advantage.

As borders become porous so do business transactions. Businesses are constantly diversifying and evolving. Many business transactions take place across borders. Such transactions can be cumbersome if different countries adopt different accounting standards. The stage was set for International Financial Reporting Standards (IFRS).

IFRS Standards ensure transparency by enhancing the international comparability and quality of financial information. These standards strengthen accountability by reducing the information gap between the providers of capital and the people to whom they have entrusted their money. IFRS is critical in contributing to efficiency by assisting investors to identify opportunities globally and know the inherent risks and advantages.

IFRS Standards evolves as the world does. With a rapid growth of global corporations and business transactions, it is becoming increasingly important to follow the continued changes in IFRS.

It can be challenging and time-consuming to navigate through extensive IFRS guidelines and follow their frequent updates regarding application.

At Middel & Partners our experts offer both best-practice compliance and complex IFRS advisory services to address the specific needs of your organisation.

Hennie Krige

Chartered Accountant since 2020 and Associate director of Pretoria East Branch since March 2022. With experience in the field of auditing, assurance, tax, advisory and forensic accounting, he’s been involved with a wide variety of locally owned audit clients operating in a range of economic sectors including co-operative banking, retail, manufacturing, and non- profit organisations.