The document discusses the accounting challenges faced by Southeast Asian companies in recent years due to changes in technology, standards, and regulations. It introduces Logiframe as a company that provides accounting services and solutions to help clients address these challenges. Logiframe offers statutory bookkeeping, accounting advisory, audit management, accounting technology consulting, and learning and development services. Its goal is to help clients improve efficiency, compliance, and financial reporting through outsourcing and advisory support.
1. Foreword
South East Asia accounting landscape has been challenged and
changing continually for the past 5 years. Challenges which
Indonesian companies faced from adjustments with accounting
information systems, new technologies, knowledgeable
resources, taxation regulations, to changing of accounting
standards (IFRS convergence), increasing expectation from
local and international investors for a comprehensive financial
reporting. These challenges and changes applies to all company
management.
The wide implications of these changes have created new
challenges for management of big corporations to well funded
and proven startups with prominent investors.
Logiframe is ready to support you to deal with the exceptional
challenges and changes. With our global network team from
Indonesia, Singapore to Philippines, support tools and
guidance, Logiframe has the breadth and depth of knowledge
and technical expertise to help. Here are a few of the services we
can help you with:
• Statutory accounting and bookkeeping compliance
• Accounting technology consulting
• Audit management
• Managing accounting change
• Accounting advise and support related to
transactions
• Learning and development
Statutory Accounting and Bookkeeping
Compliance
Rapid globalization, new developments in regulation, changes
in accounting standards and increased demands from tax/
revenue authorities for greater transparency on tax and
accounting structures and records are all increasing the burden
on accounting, finance and tax departments.
If this is your situations?
• Your accounting and finance functions are under pressure
to provide more and better reporting and compliance in an
ever shorter time frame with fewer resources?
• Your accounting, finance and tax departments often spend a
disproportionate amount of time on routine compliance and
compilation activities, rather than focusing on higher value
activities such as core business support, strategic tax
planning, quality and risk management and process and
technology improvement?
How can we help you?
Logiframe offer outsourcing statutory and bookkeeping services
to our clients. We can help you to be more consistent, more
efficient and more cost effective in many ways to meet your
compliance obligations and we keep a close watch on some
critical Financial Statement compliance and bookkeeping
processes.
Our statutory and bookkeeping services are consist of the
following:
• Monthly financial statements preparation
• Annual financial statements compliance
• Financial accounts are comply either by local accounting
standards or IFRS
Accounting Advisory Services
Helping you solve complex accounting
and financial reporting challenges
2. Accounting Technology Consulting
Logiframe partners with leading technologies in accounting,
ERP, and database from SAP, Microsoft, Oracle, and Xero. As
companies continually growing in number of transactions,
adding new business processes and complexity, the use of these
technologies other than reducing response time for business
intelligence and analytics is for timely and valuable accounting
reporting. These technologies have been the core engine to stay
leading in competition. Logiframe provide Accounting Advisory
Services works side-by-side with Technology Implementation
and Enhancement Services.
If this is your situation:
• Your accounting and financial reporting is not running
LIVE
• Your organization struggles to generate timely reports out
of transactions
• You have limited finance function to do business analytics
on-time to analyze hundreds and thousands of transactions
• Group reporting and consolidation process is not organized
and not reported timely
• Investors are requiring your company to prepare a
comprehensive financial reporting for your business
How can we help you:
Logiframe has the knowledge and technical expertise to assist
organizations like you that require high quality coordinated
services between accounting and technology to deliver high
quality financial reporting.
Logiframe provides the following services to help you at the
intersection of business and technology:
• Finance and accounting functional support
• Accounting standard convergence application
• Accounting advisory for customized-structured and
complex enterprise technology setup and accounting data
migration
• Finance and accounting technology performance
improvements
Audit Management
Management has one important agenda that is maintaining
internal control running properly throughout business
processes. Implementing internal control may not be as robust
as required especially in a fast running business. Logiframe
helps companies to investigate on these not notified
discrepancies along the live of the business operations. There
are an increasing number of risks facing businesses from many
areas of operation. If poorly managed, any of these risks could
results in fraud and lost trust between company and its
stakeholders. Logiframe team acts independently and report
directly to company top management.
If this is your situation
• You notify a fraudulent act in part of your division/
subsidiary which its financial implication will be significant
• Your internal control need to be reviewed and test over its
effectiveness towards financial reporting
• You would like to have a co-sourcing partner specialized in
accounting co-running with your internal audit function
How can we help you?
Logiframe deploys professional experienced in financial
auditing, financial accounting, and internal control
assessments. It can provide you with the ability to tap into
specific skill sets in identifying risk in financial reporting.
Logiframe provide the following services for audit management:
• Perform audit with specific objectives outlined from top
management
• Co-sourcing with your internal audit function to test
effectiveness over internal control to financial reporting
• Co-sourcing with your internal audit function as accounting
specialist or on accounting compliance monitoring
Managing Accounting Change
There are continuously numerous change of accounting
standards to accommodate business and economic situations.
The implementation of these accounting changes throughout an
organization may require significant time and resources. Some
of these changes are transformational in nature and may impact
the entire organization (systems, processes, controls, record
keeping, performance measurement and results,
communication). Companies can understand better the change
of the continuous developments in accounting to better manage
your accounting and financial reporting.
If this is your situation
• Your organization struggles to interpret the accounting
standards to your daily accounting operation
• You are required to modify your accounting and reporting
system to deal with the new accounting policies or with new
regulations mandated by the regulators
• There are inconsistencies between current accounting
policies and new accounting requirements
• Your accounting policies does not give investors or analyst
the best way to understand your ongoing business
• You have limited accounting resources and would
appreciate to have support from accounting specialists
Or you have few challenges in the following accounting areas:
• Business combination accounting
• Consolidations / joint venture formation accounting
• Fair value assessments
• Income tax accounting
• Leasing
• Restatements
• Revenue recognition
How can we help you?
Logiframe's Accounting Advisory Services practice is well
positioned to help you implement new accounting standards.
Logiframe professionals can provide timely advice on the
impacts of accounting changes, assist you in the development of
an implementation roadmap and conduct technical training
sessions to equip your team with the knowledge to navigate new
standards successfully.
Logiframe provide the following services to help you manage
accounting change:
• Preparation of technical accounting papers with robust
arguments and practical insights that can support your
position towards preferred accounting treatments
• Assist your team with accounting functions for complex
accounting matters such as business combinations, share-
based compensations, financial instruments, cost
accounting, etc.
• Independent accounting adviser through a retained advisor
• Diagnostic review of current business processes, systems
and controls
• Assisting in assessment, support functionality in design and
implementation of financial accounting and reporting
processes, systems, and controls
• Assist your team in the development, review, or
improvement of chart of accounts, accounting manuals, and
standard operating procedures
• Benchmarking of policies with the industry practice.