Accounting under IFRS has become an essential standard for companies that operate in several countries or that need present clear, comparable financial information aligned with international criteria. However, its application goes far beyond a technical adjustment.
At UR Global we understand that adopting IFRS implies transforming the way in which financial information is interpreted and used. Therefore, we accompany companies throughout the process, from the initial conversion to ongoing management, ensuring that the numbers not only comply, but also add real value to the business.
What does this service include?
Our accounting service under IFRS covers all the needs related to the adaptation, implementation and continuous management of financial information under international standards.
We work on the conversion of financial statements from local regulations to IFRS, reviewing each item in detail to ensure its correct classification and valuation. This includes the analysis of income, assets, liabilities and provisions, as well as the identification of necessary adjustments.
In addition, we structure an accounting system aligned with IFRS that allows consistency over time, avoiding reprocessing or subsequent corrections. We also prepare financial reports adapted to both management and investors or international groups.
The service includes continuous support to resolve doubts, correctly apply regulatory changes and ensure that accounting evolves at the pace of the business.
Methodology
Our way of working always starts from understanding the current situation of the company and the objective pursued with the adoption of IFRS.
In a first phase we analyze the existing accounting and we detect the main differences with respect to international standards. From there, we define the necessary adjustments and establish a clear and orderly conversion plan.
Once the initial adaptation has been made, we implement an accounting structure that allows working directly under IFRS, avoiding duplications or inconsistencies. This includes the definition of accounting criteria, internal policies and reporting systems.
Finally, we accompany the company in its daily operations, ensuring that accounting remains aligned, updated and prepared for any review, audit or process strategic.
Who is this service for?
This service is designed for companies that operate or want to operate in international environments and need to adapt their financial information to global standards.
It is especially useful for companies with subsidiaries in different countries, business groups that report to international headquarters or companies that They are preparing investment, financing or sale processes.
It is also key for growing startups that need to professionalize their financial structure from early stages and avoid future problems derived from a poor accounting basis raised.
In short, it is aimed at companies that understand that accounting is not only a requirement, but a tool to grow with control.
Complementary services
This service integrates naturally with other key areas within UR Global, allowing complete and coherent management of the company.
We work together with international tax advisory services to ensure that the accounting structure is aligned with tax optimization. It is also complemented by external financial management, facilitating decision-making based on reliable data.
In addition, it is common to combine it with reporting processes for investors, audits and structuring of international subsidiaries, creating a solid foundation for sustained growth of the company.
Accounting advisory
At UR Global, we have a well-established local team and our own offices in 11 countries—Spain, Mexico, Colombia, Peru, Ecuador, Brazil, Portugal, Chile, Morocco, the United States, and Italy—specialising in accounting advisory services.
As part of managing subsidiaries in each country, we handle all required accounting and financial processes. This ensures that headquarters maintains a clear overview and fully understands the financial statements and specific accounting nuances of each location.
To achieve this, our team includes specialists in tax and accounting advisory and management. They possess expertise in both local regulations and the treaties Spain holds with these various countries, enabling them to manage the company’s monthly accounting and related strategies.
International taxation
We support groups and companies with international operations in safeguarding the tax position of their cross-border transactions and intragroup flows. Our approach combines a technical analysis of the applicable regulations, the interpretation of double taxation treaties and compliance with documentation requirements (transfer pricing and other international obligations).
Single Register of Tenderers (RUP)
One of the requirements for taking part in public tendering processes is the Single Register of Tenderers – RUP, a legally established register maintained by chambers of commerce, in which national or foreign natural or legal persons domiciled or with a branch in Colombia who wish to enter into contracts with state entities for the execution of works, supply of goods or provision of services must be enrolled. This register contains information relating to the experience, legal capacity, financial capacity, organisational capacity and classification of the tenderer. This procedure has a maximum response time of 15 working days once the registration application has been submitted to the commercial register.
It is important to bear in mind that the RUP must be renewed annually; renewal must be carried out from the first (1st) of January and no later than the fifth (5th) working day of April each year, failing which the initial registration will be lost.
Tax and accounting review to identify potential tax credits
Brazil’s complex tax system can lead to situations in which a company accumulates tax credits, whether as a result of its transactions or negative balances. In such cases, the company may be entitled to use those tax credits.
At UR Global, we analyse the company’s accounting and tax position to determine whether such credits exist. Once identified and confirmed, UR Global handles their recovery, management and offsetting.
