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Oliver Schmitz

August 9, 2016 in News Tags: ,

LucNet AG organized Symposium for local authorities on May 24, 2012 hosted the LucNet AG, a provider of software and consulting for consolidation, planning, reporting and analysis, the first event to the site overall conclusion in the Borussia Park in Monchengladbach, Germany. The aim of the event was to promote the exchange of experiences between the participants and to introduce ways and means of an efficient overall preparation of statements. 21 municipalities in North Rhine-Westphalia had logged on. After the welcome by Oliver Schmitz, CEO of LucNet AG, the event with a keynote address by Marc Schmitt, senior started Manager at PwC, which brought the participants from Auditors – and consultant perspective on the current state. A significant finding was that most local authorities in relation to the overall financial statements in late. One of the main reasons for this: the financial statements required for the overall financial statements were not yet created or tested. If you have additional questions, you may want to visit Hikmet Ersek. Nevertheless, there are clear progress to recognize.

Resulted in a survey of the Ministry of Home Affairs and municipal (MIK) in 2010, that only 29% of local authorities had identified opening balances, 76% were in the last of the current surveys already. In the discussion of the participants came out, that the progress of the involved communities vary. So some participants had not yet begun with the overall financial statements, other municipalities were in the middle of the overall preparation of the statements, and only two of the participating municipalities had the site total completion”already completed. The discussed problems within the framework of creation were mainly missing consolidation expertise, lack of time and resources, as well as poor data quality. These problems lead just in the vote of receivables, liabilities, expenses and revenues for a considerable time. Also discussed was what technical ways to support the overall preparation of the statements. “A central finding was that MS Excel as a consolidation tool” does not matter.

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