Accounting & Bookkeeping
With China’s fast growing accounting sector, it is challenging for many firms to keep on top of new legislation and accounting standards. At LehmanBrown, we have dedicated staff in China, adept in providing financial accounting and bookkeeping services to both local and multinational clients. In addition, we seek to add real value to your business, working closely with you to provide quality management accounting information on top of regular Accounting & Bookkeeping services that are required to uphold basic accounting laws and regulations.
Accounting & Bookkeeping standards in China differ from one country to another, even though most countries GAAP have been modified to be in compliance or similar to International Financial Reporting Standards (IFRS). However they are still many countries that operate within their own GAAP regulations. At LehmanBrown, with our years of experience, we are familiar with IFRS, US GAAP, CAS and others individual countries GAAP. Outsourcing your accounting and bookkeeping to LehmanBrown gives you access to our professional and long standing accounting team. We enable you to save money through an efficient and specialized service that is fast, accurate, clear and concise. We can offer a flexible, tailor-made solution to any developing issue – providing the very foundations on which to grow a successful business. LehmanBrown can assist you with your Accounting & Bookkeeping, Outsourcing Services, Budgeting & Forecasting, Financial Statement Preparation and Head Office Reporting.
Every accounting and bookkeeping GAAP has its own standards and sometimes allows for more than one way to report. For example, there are different rules for impairment of assets, inventory costs & reversal, capitalization of development costs, depreciation expenses, interest & dividend expenses and asset valuation. Those different methods can have an impact on your business ratios, profitability and tax burden. LehmanBrown’s team have strong knowledge of these differences in reporting in regards to your country standards and help you choose the method that is the most profitable for you businesses.