It can be complex to navigate accounting and financial reporting brought about by business change, internal restructures, expanding multi-geography operations, new or unique transactions, fund-raise activities, and mergers & acquisitions. An evolving regulatory and accounting landscape means that business teams need to be not only accurate in getting to the right answer vis-à-vis the Indian Accounting Standards, but also timely in their response to meet financial reporting requirements and effectively manage stakeholder expectations.
GAAP Conversions
The conversion of existing financial statements to a new set of accounting rules can be time-consuming and requires an exhaustive exercise of comparing existing accounting policies and practices with requirements of the new accounting framework, quantifying differences and preparing financial statements. Moreover, the changes in the accounting rules also have an entity-wide impact in terms of collating the right numbers, training business and finance teams and making changes to systems and processes.
Audit Readiness
It can be challenging for finance teams to manage audit processes, especially when they are already involved with the operations of other functions, like in the case of start-ups where members often handle more than one role.Our experienced professionals partner with finance teams to assist with studies for early identification of any potential accounting or audit issues, assistance in preparing audit schedules or coordinating information requirements, and ensuring a seamless and timely audit closure.
Complex Financial Instruments
Companies are increasingly entering into complex financial-instrument-related transactions. It is common to see start-ups and even large companies issuing various types of exotic convertible instruments, entering hedging relationships or exploring derivatives.
With significant domain knowledge and experience, our experts are poised to assist companies right from the time the broad contour of the proposed transaction is conceived to the impact on the financial statements and required disclosures.
Centre of Excellence
Ours Centre of Excellence is a capability hub instituted to provide customised solutions across the spectrum of accounting and reporting needs of organisations.Right from providing assistance in meeting reporting deadlines through improvement in finance closure processes to the preparation of periodic financial statements, from ‘on-call’ accounting advisory to assistance in developing accounting policy manuals, trainings and staff augmentation, the solutions can be designed to meet your company’s needs.