Office Hours with KPMG on Accounting & Reporting
Finding the right knowledge to grow your startup is hard and time intensive. To help you grow your business, we invite experts to share their knowledge with our community. Office Hours brings you the knowledge and insights to operate more effectively by learning from the best. In these 1 on 1 sessions, you can ask for advice on any challenges you’ve been facing.
For this session we’ve invited Niels Ebbinkhuijsen and Jolanda Li from KPMG to help you on various topics related to accounting and reporting.
They can give you insight into:
- When you are obliged to prepare financial statements, when you need a mandatory audit, and how to use consolidation exemptions available under Dutch law if you have a legal tree with subsidiaries
- Differences in accounting frameworks such as Dutch GAAP, IFRS and US GAAP (particularly interesting if there are foreign investors)
- How to treat research and development costs with respect to the implications for EBITDA, a key valuation driver
- Accounting of borrowings and equity instruments, including hybrid and converted instruments you often see in a start-up/scale-up funding structure
- Niels Ebbinkhuijsen is a director in the Capital Markets and Accounting Advisory Services team of KPMG in the Netherlands. He has been working with clients to analyze the accounting and reporting impact of regulatory changes, transactions and business developments for over 12 years. Niels has led any GAAP conversions and implementation of new IFRS standards and accounting for complex transactions and new business models. Niels' current areas of focus include accounting for M&A and Capital Market transactions and IFRS 16 (leasing accounting). Furthermore, part-time, Niels teaches the course 'Advances Financial Reporting' at the VU University in Amsterdam.
- Jolanda Li is a senior consultant in KPMG"s Capital Markets and Accounting Advisory Services department. Before joining the accounting advisory service team, she working KPMG's audit practice. Jolanda serves both listed and unlisted companies in a Dutch GAAP and IFRS environment. She has experience within a variety of sectors including financial service, retail, and production sector. Jolanda is primarily involved in GAAP conversions, application of new accounting standards (IFRS 15 Revenue recognition and IFRS 16 Lease accounting) and broader accounting and reporting assessments.