Vision and Strategy

Vision - Corporate Performance Management

Companies across the world, but particularly in continental Europe, face great changes, frequently driven by three factors:

• Conversion to IFRS as a result of EU directives
• Stricter requirements for borrowers and financial services providers as a result of Basel II and Solvency II regulations
• Increasing pressure from the money markets

These developments present considerable challenges for company reporting and corporate management as they have existed up to now and require extensive reorganisation and an optimisation of structures and processes in Corporate Performance Management.

The vision of FAS AG is to establish itself as a leading innovative and independent consultancy firm in Corporate Performance Management in the German-speaking world.

Strategy - from IFRS to Corporate Performance Management

Conversion to IFRS or US GAAP is frequently only the first step in the optimisation of corporate management. Starting from a focus on and expertise in IFRS and US GAAP that is unique in the German-speaking world, FAS AG accompanies companies beyond this with additional measures for the efficient and effective design of processes and structures in Corporate Performance Management. These include measures to harmonise internal and external reporting and improving the process used to produce the annual financial statement (Fast Close). Frequently consultancy in IFRS alone does not finish with the conversion and there is often a further need for external support, particularly in the areas of valuation (expert valuation for impairment tests, purchase price allocation or share options programmes).