Effective accounting across the Baltic States

Presentation will cover basic requirements for limited liabilities company accounting and reporting in Latvia, Lithuania and Estonia as well as considerations how to establish effective accounting function in companies across Baltic States.

Agenda

1. Accounting environment and practices in Baltic states

a. Basic requirements for bookkeeping

b. Financial reporting requirements

c. Financial – Management – Tax accounting

d. Accounting technology

2. Implementation of financial and management accounting function – Decentralized, Centralized or Outsourced accounting
a. Criteria for decision

b. Potential benefits

c. Potential risks and issues

Organization: Ernst & Young Baltic SIA

Ernst & Young is a global leader in Assurance, Tax, Transactions and Advisory services. We aim to have a positive impact on businesses and markets, as well as on society as a whole.

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Lecturers: Martins Tambaks, Senior Managaer

Martins is a Senior Manager within Ernst & Young Baltic TAX services organisation and a leader of Global Financial and Accounting Services (GFAS) sub-service line in Latvia. He focuses on the business tax compliance and accounting outsourcing services
He joined Ernst & Young in 2001 (till merger in 2002 – Arthur Andersen) and is based in Latvia office
Martins is Member of Association of Chartered Certified Accountants (ACCA)
Martins has extensive experience in financial and accounting outsourcing and consulting engagements covering bookkeeping, payroll, tax compliance, statutory and management reporting under Latvian GAAP and IFRS for the local and multinational companies in Latvia and Baltics