Category:

Uncategorized

Business presentations

  • We assist in preparing following type of presentations:
  • Business presentations through the use of interactive dashboard in excel, Power Bi and Tableau to analyse Revenue / EBIDTA / PBT Trends, sales analysis by geography or product and service lines, etc.
  • Presentations to Audit committee and Board of Directors for the monthly / quarter / yearend reporting
  • Progress status of long projects that are to be discussed with business heads
  • Presentation to clients and lenders, etc.

Training solutions

  • We conduct trainings related to IFRS | Ind AS | US GAAP, financial reporting and regulatory changes, for the knowledge enhancement of your team. So far we have done knowledge sharing with more than 1300+ learners from 100+ countries. Below are the top 10 countries where we have highest numbers of learners enrolled with us (excluding –India).
  • United states
  • Philippines
  • Germany
  • South Africa
  • Singapore
  • Canada
  • United Kingdom
  • United Arab Emirates
  • Saudi Arabia
  • Turkey

Audit Support

Preparation of audit deliverables and provide adequate audit support. The service primarily include:

  • Preparing necessary audit schedules, in the prescribed format like
  • Fixed assets register and depreciation working, Investment Schedule, Borrowings, etc
  • Ageing for debtors advances received and given, trade payables, etc
  • Coordinate for providing sample vouchers and supporting documents for audit
  • Income Statement related schedules for various expenses like rental expenses, professional fees, repair and maintenance, sales register, other income, payroll register, statutory dues, etc.
  • Various reconciliations as required by the auditors
  • Variance analysis
  • Liaising with auditors and address their queries along with the support of management
  • Assist in preparations of schedules for CARO reporting

Financial reporting

  • Preparation of financial statements under IFRS | Ind AS | US GAAP | IGAAP, and will primarily include:
  • Balance Sheet, Statement of Profit & Loss, Cash Flow Statement and Statement of Changes in Equity
  • Drafting of accounting policies as per the nature of business and accounting done by the company
  • Drafting notes to financials statements as per the applicable GAAP
  • Execute necessary changes in the financial statements as suggested by the statutory auditors

Compliances

Secretarial and companies act compliances

  • Incorporation and winding up of companies, LLP
  • Post incorporation compliances for newly incorporated company, which primarily includes:
  • Appointment of statutory auditors and filing form ADT 1
  • First board meeting of the company
  • Disclosure of interest by directors under MBP – 1
  • Preparation of statutory registers in the prescribed form
  • Issue of share certificates
  • Commencement of business certificate
  • Other compliances
  • Scheduling Board meetings, EGM and AGM
  • Preparation of minutes for the above meetings
  • Director declarations for disclosure of interest and disqualification
  • Filing of e-form DIR-3-KYC, AOC 4
  • Preparation of Annual return and filing of form MGT 7
  • Other required sectorial compliances

Operational

support services

Payroll processing

  • Maintaining employee records i.e. KYC documents, qualification records, Offer letter, appointment letter, background check report, etc.
  • Preparation of salary register on monthly basis and update it regularly based on new joinees and resignees
  • Ensure adequate deductions towards PF, PT and TDS.
  • Ensure timely deposit of TDS, PF and PT
  • Ensure deductions towards leave of absence or any other reason as per the instruction of the management
  • Ensure addition towards bonus, increments and incentives as provide by the management

Reconciliations

  • Assist in doing various reconciliations that are required in day to day operations:
  • Bank reconciliations
  • Intercompany reconciliations
  • Debtor and creditor balance reconciliation
  • GST and TDS reconciliation

MIS

  • Assist in preparation of MIS, as per the requirement of the management by doing data collation from various departments

Bookkeeping and

Documentation

Bookkeeping

Complete accounting of all the transactions executed, which primarily includes:

  • Accounting of various income and expenses
  • Asset acquisition accounting and depreciation thereon
  • Accounting of receipts and payments
  • Bank reconciliation
  • Ensuring appropriate GST charging and TDS deduction
  • Ensuring compliances of accounting standard
  • Monthly MIS will be provided, that will give a meaningful overview of the financial transactions

Documentation

  • Maintain supporting documentation of all the transactions executed by the Company
  • All the documents will be uniquely coded and stored in scanned form so that they can be retrieved whenever required.
  • Index will be maintained and shared with clients on periodic basis, for their easy reference.

IFC and

Accounting advisory

Internal financial control

  • Preparation and review of process documents
  • Designing controls based on the existing processes, and review of existing controls
  • Perform testing to evaluate the effectiveness of existing controls through walkthroughs and control testing
  • Preparation of Risk Control Metrics (RCM)

Accounting advisory

  • Evaluate the accounting implications of transactions executed by the Company under US GAAP | IFRS | Ind AS | FRS
  • Preparation of accounting position papers
  • Perform GAAP analysis
  • Assist in adoption of new accounting standards or amendments in the existing standards by providing relevant guidance and evaluate the implications based on the transactions of the Company
  • Assist in doing quantification for the adoption of new accounting standards or amendments in the existing standards