Our Services
Our company’s approach to fiscal consultancy is based on philosophical grounds whose validity and accuracy have been proven. In our opinion, a fiscal advisor is a trusted business advisor. A trusted business advisor must have vast knowledge and experience background in the field the service is rendered. Pro-B, renders financial consultancy and advisory services, is proud of sharing its global and local experience and information in its London office as a trusted business advisor.
Financial Consultancy Services
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Investment Advice: Helping clients choose the right investment strategies and assets to meet their financial goals.Using financial statement data to inform investment strategies and decisions.
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Financial Planning: Developing comprehensive plans for budgeting, saving, and investing to achieve long-term financial objectives.
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Risk Management: Evaluating and recommending ways to protect against financial risks, including insurance and emergency funds.Identifying potential financial risks and suggesting strategies to mitigate to Clients.
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Debt Management: Offering strategies for managing and reducing debt, including budgeting and consolidation options.
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Business Consulting: Providing financial advice to businesses on areas such as cash flow management, financial forecasting, and growth strategies.
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Budgeting and Forecasting: Helping clients develop budgets and financial forecasts based on their financial statements.
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Strategic Planning: Collaborating with clients to develop strategic plans based on the financial information presented.
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Explaining Results: Clearly explaining the results of the financial statements and the implications for the client’s financial situation.
Reporting Services
Financial Statement Preparation: Preparation of cash flow, shareholders equity reports. Performing analysis to interpret the financial statements. This can include ratio analysis, trend analysis, and variance analysis.
Internal Reporting: Creating internal reports for management, which provide insights into financial performance, budgeting, and forecasting. These reports help in strategic decision-making and operational planning.
Audit Support: Assisting in the audit process by preparing documentation and supporting evidence needed for external auditors to review and validate financial statements.
Management Reports: Creating detailed reports for internal use that track financial performance, compare budgeted vs. actual results, and highlight key metrics.
Forecasting: Assisting in budgeting and financial forecasting to support strategic planning and decision-making.
Gaap-to-Gaap Conversion Services
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Comparative Analysis: Understanding the differences and similarities between US GAAP, IFRS (International Financial Reporting Standards) and Turkish GAAP sets. This includes differences in recognition, measurement, presentation, and disclosure requirements.
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Assessing Differences: Identifying and documenting the key differences between the existing GAAP and the target GAAP.
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Adjustments: Making necessary adjustments to financial statements to align with the target GAAP. This might involve changes in how certain transactions are recognized, measured, or disclosed.
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Reclassifications: Reclassifying items as needed to meet the presentation requirements of the target GAAP.
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Restatements: Restating prior periods’ financial statements if required by the target GAAP for comparability.
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Reconciliation Statements: Preparing reconciliation statements that explain the adjustments made during the conversion process. These statements help users understand the impact of the conversion on financial performance and position.
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Disclosure Requirements: Ensuring that all required disclosures under the target GAAP are included in the converted financial statements.
ERP Software Advisory Services
Needs Assessment: Evaluating the organization’s financial management requirements to determine the best ERP system fit. This includes understanding current pain points, future needs, and integration requirements.
Vendor Comparison: Assessing and comparing different ERP vendors and solutions based on functionality, cost, scalability, and compatibility with existing systems.
Recommendation: Providing recommendations on the most suitable ERP system that aligns with the organization’s financial goals and requirements.
Implementation Strategy: Developing a comprehensive plan for the ERP system implementation, including timelines, milestones, and resource allocation.
Customization: Advising on necessary customizations to ensure the ERP system meets the specific financial management needs of the organization.
Data Migration: Overseeing the migration of financial data from legacy systems to the new ERP system, ensuring data integrity and accuracy.
Process Mapping: Analyzing and mapping existing financial processes to identify inefficiencies and areas for improvement.
Best Practices: Advising on best practices for financial processes within the ERP system to enhance efficiency and accuracy.
Automation: Implementing automation features within the ERP system to streamline routine financial tasks such as invoicing, reconciliation, and reporting.
Training Services
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Personal Finance: Training on managing personal finances, including budgeting, saving, investing, and understanding credit.
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Financial Planning: Basics of setting financial goals, retirement planning, and estate planning.
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Financial Management: Training for managers and employees on financial principles, budgeting, and financial decision-making within a corporate setting.
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Corporate Finance: Advanced topics such as capital budgeting, mergers and acquisitions, and financial strategy.
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Identifying Risks: Understanding various financial risks such as market risk, credit risk, and operational risk.
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Mitigation Strategies: Techniques for managing and mitigating financial risks.
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Financial Reporting Standards: Compliance with standards IFRS or US GAAP and Turkish GAAP.
Audit Services
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Accuracy and Fairness: To verify that the financial statements are accurate and fairly represent the organization's financial position and results of operations.
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Compliance: To ensure that financial reporting complies with relevant accounting standards (e.g., GAAP, IFRS) and regulatory requirements.
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Fraud Detection: To identify any signs of fraud or financial misstatements that could affect the reliability of the financial statements.
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Risk Assessment: Identifying and assessing risks related to financial reporting and internal controls.