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Periodical Reporting
At PHC Advisory we support Clients by preparing customized monthly or quarterly periodical financial reports in English.
Periodical reporting delivers regular financial outputs for parent company and other stakeholders’ oversight across China, India, Vietnam, the UAE and Italy. It transforms local statutory books into reporting packages, covering balance sheet, profit and loss and cash flow statement. The reporting is adaptable to local GAAP, IFRS or group‑specific internal reporting templates.
Services
PRC GAAP
The Chinese Accounting Standards (CAS) are the statutory basis for all companies registered in China, governing how financial statements must be prepared and maintained throughout the year. The two main sets of CAS are the Accounting Standards for Business Enterprises (ASBE) and the Accounting Standards for Small-business Enterprises (ASSBE).
At PHC Advisory we assist Clients in preparing monthly CAS-compliant financial statements, maintain the chart of accounts in line with the standard, and ensure that the statutory books are audit-ready at year-end.
IAS / IFRS
Subsidiaries that report into an International Financial Reporting Standards (IFRS) group must reconcile their local statutory books with their group accounting standards. It requires converting CAS-based figures into an IFRS-compliant format for consolidation.
At PHC Advisory we support Clients in preparing IFRS conversion adjustments, maintain the reconciliation between CAS and IFRS, and deliver the reporting package in the format the group’s finance team needs to consolidate without additional work.
Group Reporting Standards
Group reporting standards represent the parent company’s internal reporting framework, including customized charts of accounts, standardized management reporting layouts, and group‑ERP system specifications. Local subsidiaries must remap their financial data and adjust them to fit these requirements to enable seamless group‑level consolidation across China, India, Vietnam, the UAE and Italy. Statutory local financial statements often cannot be directly imported into group reporting systems, creating time consuming manual manipulation, increasing human error risks for HQ’s finance team.
At PHC Advisory we support Clients by preparing reporting packages built according to Group defined standards. We align local subsidiary reporting outputs precisely to the Group’s chart of accounts and reporting templates, performing all required adjustments to align local GAAP with the group standards. This allows subsidiary data to be used directly into group consolidation workflows without extensive manual re‑processing by group finance teams.
Why PHC Advisory for Periodical Reporting?
At PHC Advisory we support Clients by preparing customized monthly or quarterly periodical financial reports in English, reconciling local statutory accounts against group reporting standards to streamline group‑consolidation workflows.
Who We Serve
- Multinational groups
- Parent companies and headquarters
- Group CFOs and finance directors
- Private equity firms and investors
- Subsidiaries reporting to a group
- Mid-market corporates
FAQ's
Reporting packages covering the balance sheet, profit and loss and cash flow statement, adaptable to local GAAP, IFRS or group-specific internal reporting templates.
