This PPT slide, part of the 106-slide Complete Guide to Post-merger Integration (PMI) PowerPoint presentation, outlines critical steps for managing financial and accounting processes during a post-merger integration. It emphasizes the importance of establishing a clear opening balance sheet, which is essential for aligning the financial records of the merging entities. The first step involves the buyer providing guidelines for closing the books, ensuring that all assets and liabilities are accurately reflected. This process must adhere to the buyer's accounting policies and relevant international standards, specifically IFRS.

Next, the slide highlights the need to implement the buyer's corporate accounting principles. This includes benchmarking the differences between the target's and buyer's accounting practices. It’s crucial to ensure compliance with IFRS and to review the types of reports required moving forward.

The fulfillment of local legal requirements is another key action. This step mandates adherence to local bookkeeping and statutory obligations, which can vary significantly by jurisdiction. It’s vital to file all necessary documents and ensure that local auditing practices are followed.

Arranging for a comprehensive audit at the deal's closure is also outlined. This involves auditing inventories and monitoring systems to validate the integrity of the financial data. Finally, establishing the buyer's corporate governance rules is essential for maintaining oversight and accountability in the newly formed entity. This includes selecting appropriate auditors and conducting regular audits to ensure compliance and operational integrity.

Overall, the slide serves as a practical guide for executives navigating the complexities of financial integration post-merger, emphasizing compliance, accuracy, and governance.

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PMI Post-merger Integration Post-merger Integration Corporate Governance Benchmarking Governance Compliance