IFRS Accountant Financial Restatement Specialist
Share
Job Location:
Manila - Philippines
Hourly Salary:
USD 8 - 8
Posted on:
21 hours ago
Vacancies:
1 Vacancy
Job Summary
This is a remote position.
The organization has identified material inconsistencies and IFRS compliance gaps across its JulyDecember 2025 financial statements. This project-based engagement focuses on correcting restating and rebuilding the financial statements and accounting framework to ensure full IFRS compliance and readiness for management and auditor review.
The role begins with a design and redesign phase restructuring the Chart of Accounts improving the COGS and cost center framework and cleaning subledgers. December focuses on framework enhancement and reviewing aged balances. Once the foundation is stabilized the accountant will complete full restatements for JulyDecember and roll the financials forward through year-end.
This is a highly technical hands-on role suited for an experienced IFRS accountant with strong analytical and financial reporting expertise.
Scope of Work
A. Financial Statement Remediation
Review correct and restate monthly financial statements (JulyDecember 2025) under IFRS
Reconcile opening balances and correct prior errors through adjusted journal entries
Prepare consolidated quarterly packs: income statement balance sheet cash flow and schedules
B. IFRS Compliance & Framework Review
C. Accounting Structure Enhancement
Redesign Chart of Accounts for improved granularity
Refine COGS and cost center models for accurate product-line profitability
Reclassify misallocated transactions to correct gross margin reporting
D. Subledger & Data Integrity Cleanup
Reconcile AR AP and Inventory subledgers
Match subsidiary ledgers to GL control accounts
Correct misclassified duplicated or outdated customer/vendor records
Clean deferred revenue prepayments undeposited funds and accrued interest
E. Working Capital & Cash Flow Review
Validate AR/AP aging each month
Reconcile prepayments and deposits per IFRS treatment
Ensure accurate segregation of cash flow activities (operating investing financing)
F. Documentation & Controls
Prepare all adjustment schedules and JEs for management approval
Produce a Remediation Summary Report detailing issues and corrective actions
Develop month-end close checklists SOPs and best-practice controls
Deliverables
Restated IFRS-compliant financial statements (JulyDecember 2025)
Consolidated quarterly financial packs (Q1 & Q2 2025)
Reconciliations and supporting schedules for key balances
Revised Chart of Accounts and updated COGS structure
Remediation Summary Report with IFRS adjustments and recommendations
Month-end close checklist SOPs and training materials
Working Methodology
Remote work via secure cloud access to the organizations accounting system
Weekly review meetings with the CFO Consultant
All outputs must be reviewed and approved prior to management submission
Timeline & Milestones (3-Month Engagement)
Reporting & Oversight
Confidentiality & Handover
All data and deliverables are confidential. Full digital handover required at project completion.
Requirements
Strong background in International Financial Reporting Standards (IFRS) (not US GAAP)
Professional accounting designation preferred (CA or CCA)
Experience with financial statement restructuring restatements and reclassification
Ability to make strategic accounting framework decisions
Experience preparing quarterly financial statements
Strong analytical and problem-solving skills
Excellent English communication skills
Ability to work independently on project-based assignments
Independent Contractor Perks
Permanent work-from-home setup
Immediate hiring
Required Skills:
Strong background in IFRS (not US GAAP) Professional accounting designation preferred (CA or CCA) Experience with financial statement restructuring restatements and reclassification Ability to make strategic accounting framework decisions Experience preparing quarterly financial statements Strong analytical and problem-solving skills Excellent English communication skills Ability to work independently on project-based assignments
Required Education:
N/A
Company Industry
Architecture and Planning / Interior Design
Key Skills
- SRP systems
- Financial Statement Preparation
- Accounting Software
- Hyperion
- Financial Report Writing
- GAAP
- General Ledger Accounting
- Accounting
- Regulatory Reporting
- Account Reconciliation
- SOX
- Financial Analysis
