Accounting & Financial Reporting


Accounting services are suitable for companies that would not like to bear the cost of maintaining an accounting and bookkeeping department, therefore entrusting this vital task to professionals who possess the experience, integrity and resources to keep updated with the ever increasing demands of the modern business world.

Our commitment to providing excellent and innovative accounting solutions is embedded in the service we provide to every client with the constant support in this ever demanding business environment.

We recognise the importance of safeguarding potentially sensitive financial information in carrying out the accounting and bookkeeping function of all of our clients and act diligently so you can put to rest any concerns over revealing sensitive information to third parties.

K. Treppides & Co Ltd provides full services for maintaining proper accounting records in accordance with:

• Company Law,

• VAT Law (where applicable) and

• International Financial Reporting Standards (IFRSs).

When dealing with international tax accounting you need an accounting firm that can help you plan and foresee problems or issues before they happen. This is where proper accounting practices become crucial, and this is even more crucial when dealing with tax laws of different countries.

All transactions are recorded using a variety of accounting software applications, and Management Reports can be prepared in accordance with the client needs.

Our financial and accounting experts focus on business requirements and design outsourcing solutions to improve our clients’ operational efficiency and reduce costs, allowing our clients to devote all available resources to their core business.

This may include even simple tasks such as payroll and cash management services and extend to more complex tasks such as budgeting, cash flow statement preparations, advising on reporting to CySEC for Cyprus Investments firms and dealing with clients reconciliations as applying to online businesses (whether regulated forex investments firms or companies dealing with payment agency transactions).

Our accounting services include the update and the preparation of accounting statements to a wide range of multinational entities and with associated fully operational offices in countries such as Hong Kong, UK and Malta, our resources extend to a global scale, being able to effortlessly offer smart accounting solutions on a real time basis.

Accounting services offered within the Fund administration services:

Our firm employees a team of dedicated highly qualified accountants with specialized knowledge on accounting concepts relating to fund valuations and financial accounts preparation. Moreover, we are engaging a specialized fund administration software utilizing live integration with several brokers and custodians for the smooth and efficient updating of the fund's portfolio thus leading to prompt and accurate Net Asset Value (NAV) calculations.

Capital Adequacy Reporting
In liaison with our Financial Regulation and Advisory (FRA) Department we offer specialized consultation services in relation to Cyprus Investments Firms’ Capital Adequacy and Large Exposures reporting to the Cyprus Securities and Exchange Commission (CySEC).

Publications


DECEMBER iCAS Newsletter Issue 47/2017
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - "ESAs") published draft regulatory technical standards ("RTS"). ...
11 December 2017
NOVEMBER iCAS Newsletter Issue 46/2017
The European Securities and Markets Authority ("ESMA") published the results of its Peer Review of the Guidelines on certain aspects of...
04 December 2017
Cyprus VAT Yacht Leasing Scheme
We would like to inform you that the Tax Department of the Republic of Cyprus has issued on 25 November...
29 November 2017
NOVEMBER iCAS Newsletter Issue 45/2017
The European Banking Authority ("EBA") published its sixth updated list of capital instruments that Competent Authorities across the EU have...
27 November 2017
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