The organization has identified material inconsistencies and IFRS compliance gaps across its July–December 2025 financial statements. This project-based engagement focuses on correcting, restating, and rebuilding the financial statements and accounting framework to ensure full IFRS compliance and readiness for management and auditor review.

The role begins with a design and redesign phase, restructuring the Chart of Accounts, improving the COGS and cost center framework, and cleaning subledgers. December focuses on framework enhancement and reviewing aged balances. Once the foundation is stabilized, the accountant will complete full restatements for July–December and roll the financials forward through year-end.

This is a highly technical, hands-on role suited for an experienced IFRS accountant with strong analytical and financial reporting expertise.

Scope of Work

A. Financial Statement Remediation

• Review, correct, and restate monthly financial statements (July–December 2025) under IFRS

• Reconcile opening balances and correct prior errors through adjusted journal entries

• Prepare consolidated quarterly packs: income statement, balance sheet, cash flow, and schedules

 

B. IFRS Compliance & Framework Review

Validate compliance with major IFRS standards, including:

 

C. Accounting Structure Enhancement

• Redesign Chart of Accounts for improved granularity

• Refine COGS and cost center models for accurate product-line profitability

• Reclassify misallocated transactions to correct gross margin reporting

D. Subledger & Data Integrity Cleanup

• Reconcile AR, AP, and Inventory subledgers

• Match subsidiary ledgers to GL control accounts

• Correct misclassified, duplicated, or outdated customer/vendor records

• Clean deferred revenue, prepayments, undeposited funds, and accrued interest

E. Working Capital & Cash Flow Review

• Validate AR/AP aging each month

• Reconcile prepayments and deposits per IFRS treatment

• Ensure accurate segregation of cash flow activities (operating, investing, financing)

F. Documentation & Controls

• Prepare all adjustment schedules and JEs for management approval

• Produce a Remediation Summary Report detailing issues and corrective actions

• Develop month-end close checklists, SOPs, and best-practice controls

Deliverables

• Restated IFRS-compliant financial statements (July–December 2025)

• Consolidated quarterly financial packs (Q1 & Q2 2025)

• Reconciliations and supporting schedules for key balances

• Revised Chart of Accounts and updated COGS structure

• Remediation Summary Report with IFRS adjustments and recommendations

• Month-end close checklist, SOPs, and training materials

Working Methodology

• Remote work via secure cloud access to the organization’s accounting system

• Weekly review meetings with the CFO Consultant

• All outputs must be reviewed and approved prior to management submission

 

Reporting & Oversight

Report directly to the CFO Consultant and provide weekly progress updates.

 

Confidentiality & Handover

All data and deliverables are confidential. Full digital handover required at project completion.

Requirements

• Strong hands-on experience with International Financial Reporting Standards (IFRS), including IAS 1, IAS 2, IAS 16, IAS 37, IFRS 9, and IFRS 15 (not US GAAP)

• Experience with financial statement restructuring, restatements, and reclassification

• Ability to make strategic accounting framework decisions, including redesigning chart of accounts (COA) and cost of goods sold (COGS) structures

• Proficiency with QuickBooks Desktop

• Demonstrated experience producing audit-ready working papers

• Experience preparing quarterly financial statements

• Excellent English communication skills

 

Independent Contractor Perks

• HMO coverage for eligible locations
• Permanent work from home
• Immediate hiring
• Steady freelance job