Empower your business to thrive in today's dynamic financial landscape with Prima Consulting's Financial Advisory services. We deliver tailored solutions to navigate financial complexities, ensuring your business is secure and optimized for growth.
Obtain expert guidance on navigating the intricacies of share-based payments through our specialized IFRS 2 advisory services. We are dedicated to aiding you in accurately valuing and reporting share-based compensation, ensuring adherence to regulatory compliance and fostering transparency in financial reporting.
Our IFRS 3 advisory services are designed to offer compassionate support as we guide you through the financial complexities of business combinations. We're here to assist with accurate valuation, reporting, and integration, aiming to maximize value and ensure compliance while understanding your challenges.
Ensure effective management of your financial instruments with our specialized IFRS 9 advisory services. Our team of experts offers valuable insights and guidance on the classification, measurement, and impairment aspects, thereby bolstering your financial strategy and ensuring compliance with international financial reporting standards.
Ensure fair valuation of your assets and liabilities with our TIFRS 13 advisory services. We deliver precise valuation methodologies, enhancing your financial reporting accuracy and transparency.
Optimize revenue recognition with our IFRS 15 advisory. We assist in understanding and implementing revenue recognition principles, ensuring compliance and accurate financial reporting.
Our advisory services for IFRS 16 aim to provide comprehensive support in navigating the complex landscape of lease accounting standards. We offer expert guidance on the classification, measurement, and disclosure aspects, ensuring compliance with regulatory requirements and optimizing financial reporting practices.
Our specialized advisory services are designed to assist you in achieving and maintaining compliance with IFRS 17. We are dedicated to helping you comprehend and effectively implement insurance contract accounting, thus enhancing financial accuracy and ensuring that your operations meet regulatory requirements.
We understand how challenging it can be to manage asset impairments in line with IAS 36. Our advisory services are designed to provide compassionate support and detailed methodologies for identifying and quantifying impairments. Our focus is on helping you achieve accurate financial reporting and compliance with regulatory standards, equipping you with the tools and insights necessary to navigate this complex accounting process confidently.
Our High-End Operational Advisory services encompass various strategic insights to streamline and optimize your business operations. Our goal is to provide comprehensive solutions that address financial management and operational efficiency, ultimately leading to improved overall performance and profitability for your business.
Elevate the quality of your Financial Reporting with our top-tier services. Our team is dedicated to producing precise, clear, and legally compliant financial statements that bolster your company's trustworthiness and facilitate well-informed decision-making.
Our team designs personalized business cases for Expected Credit Loss (ECL) modeling. These meticulously tailored cases guarantee accuracy and relevance in shaping your financial strategies. By leveraging our expertise, we can significantly enhance your decision-making processes and improve the overall quality of your financial planning.
Our ECL modeling services offer specialized support for businesses in the manufacturing and financial sectors. We provide tailored insights and solutions to help accurately estimate credit losses, considering each industry's unique needs and dynamics.
We utilize advanced statistical methods to develop Expected Credit Loss (ECL) models, which provide accurate and dependable estimates of credit losses. By employing these rigorous approaches, we aim to strengthen financial resilience and ensure compliance with regulatory requirements.
We utilize advanced statistical methods to develop Expected Credit Loss (ECL) models, which provide accurate and dependable estimates of credit losses. By employing these rigorous approaches, we aim to strengthen financial resilience and ensure compliance with regulatory requirements.
Our comprehensive hedging strategy services provide expert guidance on identifying and mitigating risks tailored to your financial situation. We work closely with you to develop customized strategies that safeguard your financial interests, minimize potential downsides, and promote overall stability in your financial portfolio.
Our team understands the critical importance of precise derivative valuations in developing effective financial strategies. Our expert services are dedicated to providing accurate valuation methodologies that ensure compliance with regulations and guarantee financial precision, enabling informed decision-making and risk management.
Our internal audit services encompass comprehensive analysis and consulting to identify and assess risks effectively while ensuring adherence to industry-specific regulations and standards. This involves thoroughly examining internal processes, controls, and operations to provide valuable insights and recommendations for enhancing organizational compliance and risk management.
Our company provides tailored expertise in SOX 404, COSO (Committee of Sponsoring Organizations of the Treadway Commission), and ICFR (Internal Control over Financial Reporting). Our specialized services are designed to strengthen your internal control frameworks, ensuring robust financial governance and compliance with industry standards.
Drive your organization's success by developing and implementing comprehensive enterprise risk management strategies with the expert guidance of our proven team. Partner with us to identify, assess, and effectively mitigate a wide range of risks, safeguarding your business and ensuring its resilience in today's rapidly evolving marketplace.
Our comprehensive entity risk profiling services provide thorough assessments of potential risks to your business, delivering a detailed analysis to help you understand and proactively address any possible threats.
Our expert services are designed to ensure comprehensive governance, risk, and compliance for your organization. We offer tailored solutions aimed at enhancing your regulatory adherence and operational integrity. By leveraging our expertise, you can confidently navigate complex regulatory landscapes and strengthen your overall risk management framework.
Gain a competitive edge in sustainability with our comprehensive ESG (Environmental, Social, and Governance) advisory services. Our team will work closely with you to integrate environmental, social, and governance principles into your business strategy, enhancing your organization's long-term value and impact. Let us help you navigate the complexities of sustainability and leverage it as a strategic advantage.
Empower your team to reach their full potential with our tailored training programs. From in-depth technical training to enhancing essential soft skills, our comprehensive programs equip your staff with the tools they need to excel in a fast-paced and competitive industry.
We combine over 50 years of industry expertise with deep regional knowledge, delivering tailored Financial Advisory solutions that address your specific needs.
Our advisory services leverage advanced analytics and data-driven methodologies to provide actionable insights and optimize your financial strategies and risk management.
We build lasting partnerships with our clients, offering dedicated support and strategic guidance at every level of your organization, ensuring sustained success.
Financial advisors are licensed professionals who act as your guide in finance. They work collaboratively with you to understand your financial goals, risk tolerance, and investment time horizon. Leveraging their expertise in financial markets, products, and regulations, they develop and implement a personalized financial plan to help you achieve your aspirations. This may include saving for retirement, funding your child's education, or planning a comfortable future.
Financial Risk Management is a proactive approach to safeguarding your business from potential financial losses. It involves identifying, analyzing, and mitigating various risks, such as market fluctuations, credit defaults, liquidity issues, and operational disruptions. Through advisory services, risk assessment tools, and strategic planning, Prima Consulting helps businesses develop a comprehensive financial risk management framework to protect their assets and ensure long-term financial stability.
There are four primary categories of financial risk that businesses need to consider:
There are five fundamental risk management techniques that businesses can employ:
Yes, International Financial Reporting Standards (IFRS) are mandatory for listed entities in Saudi Arabia. The Saudi Organisation for Certified Public Accountants (SOCPA) adopted IFRS standards in 2017, requiring all publicly traded companies to report financials following these guidelines. Prima Consulting's IFRS Advisory & Accounting Services provide businesses with the expertise and support needed to ensure seamless compliance with IFRS regulations.
Companies in Saudi Arabia adhere to accounting standards issued by SOCPA, which are fully compliant with IFRS. These standards include additional requirements specific to the Saudi Arabian context, such as Zakat (religious tax) considerations. Our team of IFRS specialists can help you navigate the nuances of both IFRS and local accounting regulations.
IFRS 16 Leases is a specific International Financial Reporting Standard that outlines the principles for recognizing, measuring, presenting, and disclosing lease arrangements for lessors (those who provide the leased asset) and lessees (those who rent the asset). Prima Consulting can assist businesses in implementing IFRS 16 and ensuring accurate financial reporting of lease agreements.
Expected Credit Loss (ECL) modelling is a crucial accounting method to estimate potential future losses on loans or financial assets. It considers factors like the probability of a borrower defaulting (PD), the severity of the loss if they do default (LGD), and the current exposure of the loan (EAD). Our ECL Modelling and Derivative Pricing Services provide businesses with the tools and expertise to develop robust ECL models and make informed financial decisions.
A standard formula to calculate the ECL rate for usually performing loans is ECL = PD x LGD x EAD. However, ECL calculations can become more complex for different loan types or scenarios. Prima Consulting's financial risk management specialists can guide you through the ECL modelling process and ensure accurate calculations for your needs.
Yes, annual financial audits are mandatory for various business entities in Saudi Arabia, including private limited liability companies, partnerships, and joint-stock companies. Compliance with audit requirements is essential for maintaining regulatory transparency and fostering investor confidence. Prima Consulting's Internal Audit & Governance Services can assist businesses with the entire audit process, ensuring adherence to regulations and providing valuable insights to improve financial controls and overall business performance.
Environmental, Social, and Governance (ESG) considerations are becoming increasingly crucial for businesses operating in Saudi Arabia, aligning with the nation's ambitious Vision 2030 goals. A key focus of Saudi Arabia's ESG strategy is to diversify the economy and reduce dependence on oil. This includes a significant push towards renewable energy sources, aiming to generate 50% of the country's electricity from solar and wind power by 2030. Prima Consulting's Financial Advisory Services team can help businesses integrate ESG principles into their operations, improving sustainability, attracting talent, and expanding into new markets.
ESG measures a company's commitment to environmental responsibility, social impact, and good corporate governance. Businesses prioritizing ESG principles demonstrate a long-term perspective, responsible management practices, and a commitment to ethically operating. This can lead to several benefits, including:
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