![\"[2021]](\"https:\/\/lh4.googleusercontent.com\/h_jRtyV5b6TUovyQc2V0YcQNSVL6d8yYOCtG3fsb_D8NsniAzHDunjZRdYnjEK0iSCZxFCXjjzshQKPa4T9viYufPJPcDNH8aEMR6xgQcHuzkFQMhfMmIS9pWD2POiRUWkgpV1mMgGFbTaYPag\")
<\/figure>\n\n\n\nDrummond Advisors is a company that counts on certified specialists in various countries, who deliver tax, legal and accounting consultancy (national and international) – always with total security and excellence.<\/p>\n\n\n\n
DRUMMOND ADVISORS: VISION<\/strong><\/h3>\n\n\n\nThe clear vision and mission of this initiative is to help companies achieve their personal and business goals by facilitating and enabling long-lasting relationships and transactions between countries and globalizing companies and their stakeholders.<\/p>\n\n\n\n
HOW DOES DRUMMOND ADVISORS WORK?<\/strong><\/h3>\n\n\n\nWith a team able to work with public and private companies, D.A. delivers personalized and qualified consulting services, always analyzing the current business panoramas to mitigate the risks of its operations.<\/p>\n\n\n\n![\"\"](\"http:\/\/redconsultingus.com\/blog\/wp-content\/uploads\/2022\/05\/banner-red-2-1024x244.png\")
<\/a><\/figure>\n\n\n\nThis initiative’s priority is to guarantee the legal, tax, accounting, and marketing needs of the clients.<\/p>\n\n\n\n
In this way, they will be able to make the best financial decisions for their business.<\/p>\n\n\n\n
Services Provided:<\/strong><\/h4>\n\n\n\nDrummond Advisors offers monthly accounting packages, as well as:<\/p>\n\n\n\n
- Consolidation of Legal Entities<\/li>
- Currency Conversions<\/li>
- Accounting Reconciliations<\/li>
- Cash Flow and Projections (growth perspectives x invoicing)<\/li><\/ul>\n\n\n\n
In the monthly accounting service, Drummond Advisors can directly help companies adjust their financial, tax and accounting routines and action plans (in Brazil and the United States – USA).<\/p>\n\n\n\n
Clients receive detailed monthly cycle reports, with statements of analysis indicators, financial analytical data and other crucial information.<\/p>\n\n\n\n
It is very important to keep in mind that accounting is essential for the entrepreneur who wishes to open a business in the USA.<\/p>\n\n\n\n
Take a look at these tips on how to choose a Brazilian accountant in the United States<\/a>.<\/p>\n\n\n\nIFRS AND US GAAP ACCOUNTING CONVERSIONS<\/strong><\/h3>\n\n\n\nIFRS: International Financial Reporting Standards<\/strong><\/h4>\n\n\n\nAs the term already says, the “International Financial Reporting Standards” (IFRS) is a roadmap with all guidelines and processes for reporting financial data from companies – within internationally defined and accepted standards.<\/p>\n\n\n\n
Imagine each country determining its own analysis criteria, in its own languages, and with its own reporting formats. Sounds complicated for international interactions (like Brazil and the United States), doesn’t it?<\/p>\n\n\n\n
The great objective of IFRS comes in here: the standardization and facilitation of financial and accounting reporting – so that company managers, analysts and\/or investors can make decisions based on:<\/p>\n\n\n\n
- Clarity<\/li>
- Reliability<\/li>
- Relevance<\/li>
- Balance<\/li>
- Cost Benefit<\/li><\/ul>\n\n\n\n
Today, several countries have projects in the process of converging to these standards, Brazil being one of them.<\/p>\n\n\n\n
The IFRS<\/a> is adopted by more than 120 nations, and is also employed in the European Union (EU).<\/p>\n\n\n\nThis compilation of processes was instituted by the “International Accounting Standards Board”, the International Accounting Standards Board (IASB).<\/p>\n\n\n\n
GAAP: Generally Accepted Accounting Principles<\/strong><\/h5>\n\n\n\n“Generally Accepted Accounting Principles” is a compilation of accounting concepts and standards that was instituted by the Financial Accounting Standards Board (FASB).<\/p>\n\n\n\n
10 main general aspects define the vision and mission of GAAP:<\/p>\n\n\n\n
- REGULARITY<\/li><\/ol>\n\n\n\n
Following GAAP standards, as well as its rules and regulations, are priority duties of the accounting teams of a consulting firm like Drummond Advisors.<\/p>\n\n\n\n
- CONSISTENCY<\/li><\/ol>\n\n\n\n
The accountants are committed to apply all the processes for the formation of their reports, ensuring the possibility of financial comparison between periods (for example).<\/p>\n\n\n\n
- SINCERITY<\/li><\/ol>\n\n\n\n
Delivering unbiased and cohesive descriptions of a client’s (company’s) financial situation is a non-negotiable characteristic.<\/p>\n\n\n\n
- PERMANENCE OF METHODS<\/li><\/ol>\n\n\n\n
Financial reports, as well as the procedures to implement them, must be (and remain) consistent, allowing business managers various forms of comparisons.<\/p>\n\n\n\n
- NO NETTING<\/li><\/ol>\n\n\n\n
Full transparency should be employed for both positive and negative reporting (without an expectation of offsetting the burden).<\/p>\n\n\n\n
- PRUDENCE<\/li><\/ol>\n\n\n\n
The facts delivered in the representation of financial data cannot be obscured by speculation or hunches.<\/p>\n\n\n\n
- CONTINUITY<\/li><\/ol>\n\n\n\n
Constant evaluation, presumption of continuity of operation, in order to analyze assets and prospects.<\/p>\n\n\n\n
- PERIODICITY<\/li><\/ol>\n\n\n\n
Specific periods are defined for enrollment distributions (for example). There is a relevant accounting period where revenues must be reported.<\/p>\n\n\n\n
- MATERIALITY<\/li><\/ol>\n\n\n\n
Transpose into business reports (with every effort) the totality of data relevant to the company.<\/p>\n\n\n\n
- MAXIMUM GOOD FAITH<\/li><\/ol>\n\n\n\n
The highest assumption in which parties commit themselves to be (and remain) honest in all transactions and processes. This prerogative is seen in the term “uberrimae fidei”, a Latin phrase often used in the insurance industry.<\/p>\n\n\n\n
Public organizations in the United States must report their reports within the parameters of GAAP, so this is serious, specific and regulatory for the USA.<\/p>\n\n\n\n
If your company needs to report to the United States or other countries that operate within international standards, you can count on Drummond Advisors.<\/p>\n\n\n\n
The certified specialists in the USA and Brazil speak multiple languages, and can implement your IFRS and\/or US GAAP reports with excellence.<\/p>\n\n\n\n
Were you surprised with the excellence of services provided by Drummond Advisors?<\/p>\n\n\n\n
\u00a0Leave a comment and share with us and with our readers, your opinion and ideas!<\/p>\n\n\n\n<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"The services provided by Drummond Advisors are born out of a growing interaction between Brazil and the United States (with respect to markets and business connections). Such services are sought after all over the world … Ler Mais<\/a><\/p>\n","protected":false},"author":6,"featured_media":2062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1061],"class_list":["post-2855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized-en","tag-drummond-advisors-2","no-featured-image-padding","resize-featured-image"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/posts\/2855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/comments?post=2855"}],"version-history":[{"count":0,"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/posts\/2855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/media\/2062"}],"wp:attachment":[{"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/media?parent=2855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/categories?post=2855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/tags?post=2855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
With a team able to work with public and private companies, D.A. delivers personalized and qualified consulting services, always analyzing the current business panoramas to mitigate the risks of its operations.<\/p>\n\n\n\n This initiative’s priority is to guarantee the legal, tax, accounting, and marketing needs of the clients.<\/p>\n\n\n\n In this way, they will be able to make the best financial decisions for their business.<\/p>\n\n\n\n Drummond Advisors offers monthly accounting packages, as well as:<\/p>\n\n\n\n In the monthly accounting service, Drummond Advisors can directly help companies adjust their financial, tax and accounting routines and action plans (in Brazil and the United States – USA).<\/p>\n\n\n\n Clients receive detailed monthly cycle reports, with statements of analysis indicators, financial analytical data and other crucial information.<\/p>\n\n\n\n It is very important to keep in mind that accounting is essential for the entrepreneur who wishes to open a business in the USA.<\/p>\n\n\n\n Take a look at these tips on how to choose a Brazilian accountant in the United States<\/a>.<\/p>\n\n\n\n As the term already says, the “International Financial Reporting Standards” (IFRS) is a roadmap with all guidelines and processes for reporting financial data from companies – within internationally defined and accepted standards.<\/p>\n\n\n\n Imagine each country determining its own analysis criteria, in its own languages, and with its own reporting formats. Sounds complicated for international interactions (like Brazil and the United States), doesn’t it?<\/p>\n\n\n\n The great objective of IFRS comes in here: the standardization and facilitation of financial and accounting reporting – so that company managers, analysts and\/or investors can make decisions based on:<\/p>\n\n\n\n Today, several countries have projects in the process of converging to these standards, Brazil being one of them.<\/p>\n\n\n\n The IFRS<\/a> is adopted by more than 120 nations, and is also employed in the European Union (EU).<\/p>\n\n\n\n This compilation of processes was instituted by the “International Accounting Standards Board”, the International Accounting Standards Board (IASB).<\/p>\n\n\n\n “Generally Accepted Accounting Principles” is a compilation of accounting concepts and standards that was instituted by the Financial Accounting Standards Board (FASB).<\/p>\n\n\n\n 10 main general aspects define the vision and mission of GAAP:<\/p>\n\n\n\n Following GAAP standards, as well as its rules and regulations, are priority duties of the accounting teams of a consulting firm like Drummond Advisors.<\/p>\n\n\n\n The accountants are committed to apply all the processes for the formation of their reports, ensuring the possibility of financial comparison between periods (for example).<\/p>\n\n\n\n Delivering unbiased and cohesive descriptions of a client’s (company’s) financial situation is a non-negotiable characteristic.<\/p>\n\n\n\n Financial reports, as well as the procedures to implement them, must be (and remain) consistent, allowing business managers various forms of comparisons.<\/p>\n\n\n\n Full transparency should be employed for both positive and negative reporting (without an expectation of offsetting the burden).<\/p>\n\n\n\n The facts delivered in the representation of financial data cannot be obscured by speculation or hunches.<\/p>\n\n\n\n Constant evaluation, presumption of continuity of operation, in order to analyze assets and prospects.<\/p>\n\n\n\n Specific periods are defined for enrollment distributions (for example). There is a relevant accounting period where revenues must be reported.<\/p>\n\n\n\n Transpose into business reports (with every effort) the totality of data relevant to the company.<\/p>\n\n\n\n The highest assumption in which parties commit themselves to be (and remain) honest in all transactions and processes. This prerogative is seen in the term “uberrimae fidei”, a Latin phrase often used in the insurance industry.<\/p>\n\n\n\n Public organizations in the United States must report their reports within the parameters of GAAP, so this is serious, specific and regulatory for the USA.<\/p>\n\n\n\n If your company needs to report to the United States or other countries that operate within international standards, you can count on Drummond Advisors.<\/p>\n\n\n\n The certified specialists in the USA and Brazil speak multiple languages, and can implement your IFRS and\/or US GAAP reports with excellence.<\/p>\n\n\n\n Were you surprised with the excellence of services provided by Drummond Advisors?<\/p>\n\n\n\n \u00a0Leave a comment and share with us and with our readers, your opinion and ideas!<\/p>\n\n\n\n The services provided by Drummond Advisors are born out of a growing interaction between Brazil and the United States (with respect to markets and business connections). Such services are sought after all over the world … Ler Mais<\/a><\/p>\n","protected":false},"author":6,"featured_media":2062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1061],"class_list":["post-2855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized-en","tag-drummond-advisors-2","no-featured-image-padding","resize-featured-image"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/posts\/2855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/comments?post=2855"}],"version-history":[{"count":0,"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/posts\/2855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/media\/2062"}],"wp:attachment":[{"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/media?parent=2855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/categories?post=2855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/tags?post=2855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/a><\/figure>\n\n\n\nServices Provided:<\/strong><\/h4>\n\n\n\n
IFRS AND US GAAP ACCOUNTING CONVERSIONS<\/strong><\/h3>\n\n\n\n
IFRS: International Financial Reporting Standards<\/strong><\/h4>\n\n\n\n
GAAP: Generally Accepted Accounting Principles<\/strong><\/h5>\n\n\n\n
<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"