IFRS for SMEs Implementation

Webinar

IFRS for SMEs Implementation:

Challenges and Solutions

Insights for GCC Finance Leaders

IFRS: From Your Foe to Your Finance’s Best Friend!

4th November 2023 | 4:00 PM GST

4th November 2023
4:00 PM GST

(P.S. Don’t miss out on our post-webinar BONUS material to help you
become a financial reporting champion!)

(P.S. Don’t miss out on our post-webinar BONUS material to help you become a financial reporting champion!)

Webinar

IFRS for SMEs Implementation:

Challenges and Solutions

Insights for GCC Finance Leaders

IFRS: From Your Foe to Your Finance’s Best Friend!

4th November 2023 | 4:00 PM GST

4th November 2023
4:00 PM GST

(P.S. Don’t miss out on our post-webinar BONUS material to help you
become a financial reporting champion!)

(P.S. Don’t miss out on our post-webinar BONUS material to help you become a financial reporting champion!)

The What?

Yes, you’re already on IFRS.

But have you done it in the true spirit? Let us help you with the numerous benefits that IFRS for SMEs affords you!

P.S. Yes, that’s a separate standard. A lot of auditors and accountants don’t apply this foresight while preparing your books of accounts, and guess what? You’re missing out!

Have you issued ESOP to your employees?
Well, accounting for that is much simpler!
There’s no need to check fair value & vesting
conditions at each reporting date. You can
recognise the expense based on FV at grant date!

Have you issued ESOP to your employees? Well, accounting for that is much simpler! There’s no need to check fair value & vesting conditions at each reporting date. You can recognise the expense based on FV at grant date!

Do you worry about revaluing the PPE to fair
value and changing the carryingamount?
With IFRS for SMEs, you can carry these
assets at cost less accumulated
depreciation and amortisation.

Do you worry about revaluing the PPE to fair value and changing the carrying amount? With IFRS for SMEs, you can carry these assets at cost less accumulated depreciation and amortisation.

And if you have leases to account for, you don’t always have to recognise an RTU asset or lease liability on your balance sheet!

The goodwill in your books is probably
not valued correctly – And there’s also
no need to annually perform impairment
testing! You can amortise it, instead.

The goodwill in your books is probably not valued correctly – And there’s also no need to annually perform impairment testing! You can amortise it, instead.

I bet you spend time computing your month end accruals – did you know that IFRS for SMEs allows for a simpler approach with less detailed measurement requirements?

I bet you spend time computing your month end accruals – did you know that IFRS for SMEs allows for a simpler approach with less detailed measurement requirements?

I’ll be doing a deep dive into these topics, and many others in my upcoming webinar
where you’ll get more insights into how you can effectively use IFRS for SMEs –
and the associated challenges and solutions in the simplified accounting treatments,
including sharing a lot of bonus content. Don’t miss this one!

I’ll be doing a deep dive into these topics, and many others in my upcoming webinar where you’ll get more insights into how you can effectively use IFRS for SMEs – and the associated challenges and solutions in the simplified accounting treatments, including sharing a lot of bonus content. Don’t miss this one!

The How?

Deduce the Impact of IFRS on Business Finance via:

Transitioning to IFRS for SMEs:

What You Need to Know

Adopting IFRS for SMEs and Corporate Tax:

Analysing the business impact

Navigating IFRS and Corporate Tax in the UAE:

What are the local tax considerations

Synergies and Divergences:

How IFRS and Corporate Tax Interact

The Why?

Why should you attend this workshop?

Contetra brings you a high-impact workshop – where we’ll explore the associated challenges and provide solutions for simplified accounting treatments, ensuring your business thrives in the world of international financial reporting standards.

Don’t miss this opportunity to enhance your financial reporting practices (with our revolutionary 7-step framework which is lauded in the industry) to successfully integrate Business Finance and ERP with IFRS.

Trust us, we’ve implemented this same framework in scores of companies

The Why?

Why should you attend this workshop?

Trust us, we’ve implemented this same framework in scores of companies

Assimilate how Technology can enable a Finance
Function in the organization

Exponentially improve your confidence after understanding IFRS impact on the business commercials - Easily clarify doubts of your management, and team members

Unlock the secret sauce (our 7-Step Framework) to successfully implementing IFRS (with auditor and board approval!)

Discern what to do in case of ambiguity about
the accounting treatment to be applied in your
organization

Get exposure to a whole new world of finance automation tools – and become a trailblazer in your organisation

Interact with an IFRS industry expert and network with a savvy group of ambitious finance professionals and leaders

Assimilate how Technology can
enable a Finance Function in the organization.

Exponentially improve your confidence after understanding IFRS impact on the business commercials - Easily clarify doubts of your management, and team members

Unlock the secret sauce (our 7-Step Framework) to successfully implementing IFRS (with auditor and board approval!)

Discern what to do in case of ambiguity about the accounting treatment to be applied in your organization

Get exposure to a whole new world of finance automation tools – and become a trailblazer in your organisation

Interact with an IFRS industry expert and network with a savvy group of ambitious finance professionals and leaders

What BONUS MATERIALS
Will You Get Access To?

Period Closure Checklist & Exclusive Revenue Recognition Memo: An exhaustive checklist and a big-4 approved accounting memo on ‘Revenue Recognition ASC 606‘.

Access to our Finance First Community – We only share relevant content, awesome insights & great career opportunities! (pinky promise).

E-book on Business Insights into IFRS 16: Understand IFRS 16 in depth and explore some real-world case studies to understand its impact on the bottom-line of companies.

The Who?

Ramanujam Narayan

CEO & CFO, Contetra

Contetra specializes in finance advisory for the bottom-line and is all about helping companies get the competitive advantage that they need by assisting the finance function with ROI-driven initiatives.

Global Finance Controller, Accounting advisory expert, Indian GAAP professional, and IND AS trainer.

With 15+ years of corporate finance experience, Sai is a subject matter expert in IFRS, US GAAP, and Ind AS, and the best-selling author of The Ind AS Balance Sheet published by CNBC TV-18.

He is an author, a consultant, a trainer and an adjunct professor with Jindal Global University.

Finance Transformation & ERP Implementation Expert – managing projects for silicon valley startups & e-commerce giants alike.

Are you looking to champion IFRS?

Still confused about how to comply with IFRS for SMEs?

Looking for the right partner to help you comply and understand the business implications?

Outsource Financial Reporting = Achieve Strategic Objectives

With a dedicated team of former auditors and industry veterans, we’ll enable effective business
partnering by taking over preparation of financial statements, liaising with auditors for speedy
closures and ensuring number sanity for management reporting.

You’re all set to
leap for scale

Our technical accounting resources provide a full spectrum of technical accounting services. If you’re poised to scale, we make sure critical functions, data points and accounting processes aren’t holding you back by taking up hundreds of productive hours.

You’re free to keep a
hawk-eye on business

We set up a culture of process excellence, within the financial reporting function, with a focus on presenting and structuring the financial statements to demonstrate maximum value to stakeholders Leaving you with the time to focus on what matters.

You can leave it
to the experts

With global accounting standards (IFRS & US GAAP) becoming the most-spoken languages in the world, our resources are fluent in International GAAP and F&A from a practical stand- point – having worked across geographies, industries and sectors.

Meet Our Clients

Challenges:

Today, Gupshup is a unicorn. Back when our association began (3 years ago), the requirement was to upskill the ﬁnance team with an on-premise 2-week IFRS training program.

Solution:

Through demonstrating strong subject matter expertise and the value we bring to the table, the scope of work now includes being their strategic partners in all matters ﬁnancial reporting – GAAP implementation, SAP migration, technical accounting advisory & IPO readiness.

Challenges:

The client had issued complex ﬁnancial instruments (compulsorily convertible debentures) which were both redeemable & also had committed coupon payments.

Solution:

Though our engagement was primarily for Ind AS implementation, we went over and above and advised the client regarding how expensive the instrument was turning out for the company. They were newly oriented regarding the factors to think about before issuing such instruments

Challenges:

For HDFC Securities, the engagement was to automate their ﬁxed asset tagging and veriﬁcation, along with Ind AS implementation. Guess what we found? Their leases did not have a lock-in period at all.

Solution:

Not having a compulsory lock-in period is extremely risky for the lessee!

We went above and beyond the scope of the assignment and because of our subject matter expertise, we were able to advise the client accordingly on this issue.

Challenges:

Transitioning to IND AS was the only thing on the scope. But we ended up improving their PAT and margins by 30 crores! How did we do this?

Solution:

Because of our subject matter expertise in IND AS, we were able to demonstrate that the GAAP justiﬁed capitalization of INR 30 crores of intangible assets. This was a perspective that naturally brought a lot of joy to the ﬁnance and senior management team!

Challenges:

Our clients (having a global presence themselves) – witnessed exponential organic growth and were grappling with the accounting, since they did not have the bandwidth to set up a dedicated ﬁnance function.

Solution:

For two of our most valued oﬀ-shore clients, we began as partners to support with periodic accounting, but transitioned into strategic partners who helped them grow through an eﬀective blend of FP&A and management consulting.

Challenges:

The client “Product Dossier” wanted to carry out a buy-back and also wanted to issue ESOP to the clients. What started as a general ESOP engagement…

Solution:

Went on to improve their valuation entirely! This was also a perspective uniquely aﬀorded to the client on account of the subject matter experience we bring to the table. This also demonstrates the holistic perspective that is required when it comes to every issue involving ﬁnancial reporting – which has far-reaching eﬀects on the business!

Challenges:

Initially the client only engaged us for a US GAAP technical advisory for a 3-month period. During the engagement, we also did a deep-dive into the company ﬁnancials and realized a fundamental ﬂaw in the business model of the company.

Solution:

A 3-month US GAAP engagement grew into an annual business ﬁnance solutions where we are now setting up periodic review systems – all with a focus on scaling the business in the right direction, with the essential ﬁnance fundamentals & processes in place.

How IFRS impacted the bottom-line of
Google India, JSW and Kotak

Our Latest Insights

+91 98338 18857

tejas.savla@contetra.com

Save my Spot!

Real-world accounting case studies.
A handy period closure checklist.
A Big-4 Approved technical accounting memo full of actionable insights that you can use to your advantage while dealing with auditors!

Open chat

Hello! We'd love to hear from you, so feel free to drop us a line.

Yes, you’re already on IFRS.

Assimilate how Technology can enable a FinanceFunction in the organization

Exponentially improve your confidence after understanding IFRS impact on the business commercials - Easily clarify doubts of your management, and team members

Unlock the secret sauce (our 7-Step Framework) to successfully implementing IFRS (with auditor and board approval!)

Discern what to do in case of ambiguity about the accounting treatment to be applied in your organization

Get exposure to a whole new world of finance automation tools – and become a trailblazer in your organisation

Interact with an IFRS industry expert and network with a savvy group of ambitious finance professionals and leaders

Assimilate how Technology can enable a Finance Function in the organization.

Exponentially improve your confidence after understanding IFRS impact on the business commercials - Easily clarify doubts of your management, and team members

Unlock the secret sauce (our 7-Step Framework) to successfully implementing IFRS (with auditor and board approval!)

Discern what to do in case of ambiguity about the accounting treatment to be applied in your organization

Get exposure to a whole new world of finance automation tools – and become a trailblazer in your organisation

Interact with an IFRS industry expert and network with a savvy group of ambitious finance professionals and leaders

Ramanujam Narayan

CEO & CFO, Contetra

Contetra specializes in finance advisory for the bottom-line and is all about helping companies get the competitive advantage that they need by assisting the finance function with ROI-driven initiatives.

Global Finance Controller, Accounting advisory expert, Indian GAAP professional, and IND AS trainer.

With 15+ years of corporate finance experience, Sai is a subject matter expert in IFRS, US GAAP, and Ind AS, and the best-selling author of The Ind AS Balance Sheet published by CNBC TV-18.

He is an author, a consultant, a trainer and an adjunct professor with Jindal Global University.

Finance Transformation & ERP Implementation Expert – managing projects for silicon valley startups & e-commerce giants alike.

Outsource Financial Reporting = Achieve Strategic Objectives

You’re all set to leap for scale

You’re free to keep a hawk-eye on business

You can leave it to the experts

Meet Our Clients

Challenges:

Solution:

Challenges:

Solution:

Challenges:

Solution:

Challenges:

Solution:

Challenges:

Solution:

Challenges:

Solution:

Challenges:

Solution:

6 Ways the CFO helps in Capability Building

The Dream Team: CFO – CHRO Synergy

The L&D dynamics within the Finance Function

+91 98338 18857

tejas.savla@contetra.com

Save my Spot!

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Follow Us

Assimilate how Technology can enable a Finance
Function in the organization

Discern what to do in case of ambiguity about
the accounting treatment to be applied in your
organization

Assimilate how Technology can
enable a Finance Function in the organization.

You’re all set to
leap for scale

You’re free to keep a
hawk-eye on business

You can leave it
to the experts