Financial Accounting
Stable, worry‑free processes
Our team not only analyzes and resolves complex issues but also implements meaningful improvements - from accounting process optimization to regulatory reporting preparation. Together, we can build a financial system that operates smoothly and strengthens your organization’s reliability.
Our experts help you ensure that your financial data is accurate, consistent, and fully compliant with regulatory requirements. We solve even the most complex financial challenges so that you can focus on strategic decisions and business growth.
Every financial institution operates under its own unique model, which is why our services are tailored individually.
Our experience allows us to ensure smooth reporting to the State Tax Inspectorate (VMI), the Bank of Lithuania, and other authorities, as well as to perform stress testing, prepare financial plans, address capital management challenges, and calculate net asset value. We work alongside you to make your financial processes not only compliant but also efficient.
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Financial Accounting Services
Net Asset Value (NAV) Calculation
Development of the NAV calculation process (testing accounting systems, assisting with system setup, preparing procedures, etc.).
NAV calculation (valuation of the portfolio—assets and liabilities, accounting for changes in fund participants/shareholders, tax calculation, reporting to supervisory authorities, etc.).
Tax analysis and calculation for individual investment entities.
Consulting on NAV calculation matters.
Capital Adequacy Calculation
Assistance for licensed financial institutions in calculating capital adequacy according to prudential requirements.
Preparation of calculation templates, internal processes, and procedures.
Consulting on capital adequacy calculation.
Stress Testing
Scenario development.
System development.
Execution of stress tests.
Preparation of internal procedures.
Consulting on stress-testing methodologies.
Regulatory Reporting
Reporting to the Bank of Lithuania according to prudential requirements.
Reporting to VMI (FATCA, CRS, MMRS, MAI55, CESOP, and others).
Reporting to the Deposit and Investment Insurance Scheme (calculations, documentation, etc.).
Audit Coordination
Providing information to auditors.
Preparation of annual financial statements and coordination with auditors.
Consulting on specific audit-related questions.
Financial Planning
Preparation of financial plans and forecasts for licensing, license expansion, fundraising, and other purposes.
Accounting Process Development
Preparation of rules for integrating client and company data into the accounting system.
Assistance in setting up accounting systems to ensure accurate client data processing.
Preparation of internal documentation covering the accounting system.
Client Funds Control
Development of client funds control processes.
Implementation of client funds control within accounting systems.
Ongoing client funds control.
Documentation of client funds control procedures.
General Accounting Services
Accounting according to Lithuanian Business Accounting Standards (VAS) or International Financial Reporting Standards (IFRS).
Reporting to SODRA, VMI, the Department of Statistics, the Register Centre, and other institutions.
Preparation of interim financial statements.
Preparation of annual financial statements.
Coordination of the financial statement audit process.
Payroll calculation.
Daily business transaction accounting.
Maintenance of account registers.
Expert Violeta Čirkova
She has more than 19 years of experience in the Lithuanian and international financial sectors. Her specialization includes securities accounting, investment firm accounting, fund accounting, EMI financial management, and regulatory compliance. She focuses on analyzing complex financial situations, developing processes, and ensuring regulatory adherence. She has led teams, implemented accounting systems, and resolved discrepancies requiring analytical and non-standard approaches. Her core principles are accuracy, discretion, and solution‑oriented thinking.