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ACCOUNTING ADVISORY SERVICES

With increased complexity in the business environment and business transactions, financial reporting is becoming extremely challenging. This challenge is enhanced by the significant changes being envisaged in the financial reporting standards in many jurisdictions across the globe.

These changes in the reporting landscape will require you to re-evaluate your existing accounting positions. We assist our clients by providing technical accounting advice and support including accounting research to identify alternative accounting policies and industry wide leading practices;

During audit closures and special accounting projects in your companies, we can compensate your temporary shortages in team size for preparation of financial statements and annual reports. We can also undertake the preparation of books of accounts on your behalf and development of accounting policy manuals.

We support clients to improve or update their financial reporting processes like lease structuring, preparation of deferred tax templates, updating disclosure requirements (like disclosure requirements related to Operating Segments and Financial Instruments), Component Accounting of Fixed Assets and Physical Verification of Fixed Assets and Inventory.


GAAP CONVERSION SERVICES

  • Diagnostic – Identification of potential GAAP and disclosure requirements
  • Development of an Implementation Roadmap
  • Implementation Assistance:
  • Conclude on accounting positions
  • Computational assistance and
  • Preparation of GAAP compliance financial statements

AUDIT READINESS SUPPORT

  • Pre-Audit – Bringing efficiencies to the audit process
  • Management Accounting Note/Opinion
  • Preparation of Fixed Assets Register
  • Account reconciliation
  • Audit Coordination
  • Physical Verification – Inventory and Fixed Assets
  • Asset Componentisation Support

ACCOUNTING STANDARDS IMPLEMENTATION

  • Assess the recognition and measurement differences
  • Computation and disclosure requirements

RESOURCE SUPPORT - FINANCIAL REPORTING

  • Short-term resource support on secondment basis
  • Early deployment vis-à-vis long drawn hiring process
  • Restructuring in finance and accounts

FINANCIAL REPORTING ADVISORY

  • Accounting Manual
  • Preparation of Annual Financial Statements
  • Reporting for complex technical issues
  • XBRL Reporting