Financial Accounting Advisory Services plays a critical role in shaping a company’s financial strategy through data-driven planning, budgeting, and forecasting, aiding decision-making by executives and boards. As a key aspect of corporate finance, FP&A empowers companies to navigate through unpredictable market conditions, make well-informed strategic choices, and maintain steady progress.

Indian Accounting Standards (Ind AS) were implemented in India to align the country’s financial reporting practices with global standards by converging with International Financial Reporting Standards (IFRS). Ind AS aims to enhance the transparency, comparability, and reliability of financial statements. It is designed to assist companies in preparing financial statements in accordance with Ind AS and Division II of Schedule III to the Companies Act, 2013, by identifying the potential accounting considerations and disclosure requirements that are applicable to them. It covers key recognition, measurement, and disclosure requirements for each standard along with some additional considerations.

The generally accepted accounting principles (GAAP) are a set of accounting rules, standards, and procedures issued and frequently revised by the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB), which set the standard accounting rules for preparing, presenting, and reporting financial statements in the U.S.

The IFRS Foundation is a not-for-profit, public interest organization established to develop high-quality, understandable, enforceable, and globally accepted accounting and sustainability disclosure standards. IFRS Accounting Standards are developed by the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB). IFRS Accounting Standards are, in effect, a global accounting language—companies in more than 140 jurisdictions are required to use them when reporting on their financial health. 

The responsibilities on your finance team are increasing. Stakeholders expect greater information on time management, transparency in disclosure, and excellent financial reporting. At the same time, technology is changing the capabilities your team needs, and you may be having difficulty recruiting high-quality finance people and financial reporting experts. We help you develop an effective and efficient finance operation by providing a variety of accounting, reporting, and analytics services. Our FAAS experts help you identify, monitor, and disclose financial and nonfinancial information to your stakeholders. FAAS meets the CFO’s agenda by providing insight and services to CFOs, controllers, treasurers, and audit committees to assist compliance with growing financial regulations, as well as transparency and trust in reporting to aid in improved decision-making.

Our services include accounting and reporting, transaction accounting, treasury, and corporate governance, which can help your company adapt to changing market conditions, increased transparency, and changing regulatory needs. We intend to accomplish this by offering innovative help to instill confidence while tackling reporting problems arising from the changing economic and regulatory environment. We can assist you if you’re rapidly expanding or planning a specific business event, such as entering new contracts, acquiring, integrating, or restructuring; your management accounts or annual report require additional attention; or you’re dealing with an unexpected technical issue raised by statutory auditors. Our teams can also assist finance functions with sophisticated financial data analytics and innovation.