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We are focused on delivering a value proposition based on technology - to digitalize and automate accounting processes allowing accounting professionals to grow their enterprises.

  • Technical accounting US GAAP / IFRS

    Financial analytics & audit ready

  • Lease Accounting ASC 842/IFRS 16

    Bookkeeping & Management Accounts

  • Digitalization automation and integration (AI)

Technical Accounting US GAAP / IFRS / UK GAAP

ASC 842 Lease

Outsourcing solutions for IFRS 16/ASC implementation

AI Digitalization and automation

Technical Accounting US GAAP / IFRS / UK GAAP ASC 842 Lease Outsourcing solutions for IFRS 16/ASC implementation AI Digitalization and automation

Advisory

Technical accounting US GAAP / IFRS

Whether reporting under US GAAP or IFRS at some stage every business needs guidance to implement these standards. AARK LLC will provide in-depth understanding, cover all available options and analyze the impact on business reporting. Our team will provide you with the best practices and make your implementation smooth, efficient and effective. AARK LLC will also help you engineer information flow and design internal controls to ensure your team can continue to grow your business.

How AARK can help?

  • Project management - AARK will put together a timeline and resource plan with key milestones and deliverables

  • Scoping and impact assessment

  • Accounting policy choice and preparation of accounting manuals

  • Preparation of Financial Statement & disclosures

  • Training and bespoke guidance material

  • ASC 842 / IFRS 16 outsourcing - see outsourcing for details

Financial analytics & audit ready

AARK LLC can help avoid unnecessary year end stress and associated cost overruns for audit or other consulting.

How AARK can help?

  • Balance sheet substantiation

  • Lease calculation ASC 842 / IFRS 16 and lease disclosures also see Lease Accounting

  • Environment Social & Governance reporting / European Sustainability Reporting Standards (ESRS) and the Corporate Sustainability Reporting Directive (CSRD)

  • Preparation / Review of financial statements with fresh eyes

  • Evaluating significant judgements and their impact

  • Accounting policy determination

  • Prepare accounting position papers

  • Act as an audit liaison with company’s auditors.

  • Data analytics to improve profitability and liquidity

Outsourcing (LeAP)

ASC 842 / IFRS16 Lease Automated Processing (LeAP)

ASC 842 /IFRS 16 is a complex lease standard and unlike other accounting standards it’s not a “set and forget” – ASC 842 / IFRS 16 needs constant technical evaluation and even the best software’s simply aren’t enough. Entities need to continuously invest in staff or costly software customizations and updates. Then due to staff turnover this process can potentially start all over again. To avoid these costs we have designed a comprehensive solution for all your lease reporting - from contract review, lease database management to calculations, financial disclosures, audits, forecasts & budgets - Lease Automated Processing (LeAP) will save time and cost ensuring full compliance.

How (LeAP) can help?

Lease Automated Processing (LeAP) will take away all complexities of ASC 842 / IFRS 16 compliance and free your finance team to focus on what they do best - provide information that will improve commercial reality of the business.

(LeAP) is an outsourcing arrangement with a complete ASC 842 / IFRS 16 compliance package.

How does it work :

  • AARK will provide a comprehensive checklist and train your staff on how to gather all data points for completeness and accuracy. AARK will assist in contract evaluation

  • AARK will process the data in your software or for a small fee in AARK’s ASC842/IFRS16 compliant software

  • AARK will provide monthly IFRS 16 journals this includes any changes made to your lease portfolio including remeasurement, remodifications, (Journals can be analyzed for consolidated financials, company only, Profit Centre and/or Cost Centers)

  • AARK will also provide forecasts and a variance analysis. (This includes data feed into financial forecasting models / software's) if required

  • Finally AARK will provide all relevant information (Journals backups and calculations for statutory reporting and year end audit).

    How does (LeAP) adds value:

  • Cost savings: no need to buy or update expensive lease softwares. No need for costly implementation projects.

  • Frees up finance team time to perform value add activities - ASC 842/IFRS 16 compliance is complex but it does not change the commercial reality of the underlying business transaction hence has no impact on cashflows/decision making -LeAP allows your team to focus on business growth.

  • Complete audit trail and position papers avoiding unnecessary year end audit overruns.

Special offer on LeAP sign up before June 2024 and get 3 months free !

Special offer on LeAP sign up before June 2024 and get 3 months free !

Technology solutions

Digitalization / Automation / Integration

Artificial Intelligence is enabling accountants to be more efficient and effective. At AARK our team will help you digitalize and automate accounting processes from sub-ledger recording to TB reconciliation. Our goal is to provide accurate and compliant accounting data on demand - month end should simply be just another sunny day.

How AARK can help?

  • Data mapping and internal control review

  • Improving control environment

  • Automating SOX compliance

  • Helping with technology selection

  • Implementation and customization AI

We’d love to work with you.