Policy Memo
Reconciliation
Accounting and Reporting Consulting for Complex Standards, Transactions and Audit-Ready Financial Statements
Complex accounting becomes a business risk when important conclusions are delayed, documentation is weak or financial information cannot withstand audit, investor or transaction scrutiny.
Contetra supports finance teams across technical accounting, financial statement preparation, period close, audit support, GAAP conversion, transaction accounting, financial due diligence and IPO readiness. We combine standards knowledge with practical delivery - helping teams reach defensible conclusions, prepare the underlying workings and complete reporting on time.
Our specialists can work as an extension of the finance function, support a specific accounting issue or coordinate a broader accounting and reporting transformation under Ind AS, IFRS, US GAAP and other relevant reporting frameworks. For Indian reporting entities this extends to Schedule III presentation and disclosure, CARO 2020 reporting matters, related-party disclosure under Section 188, and support for the internal financial controls opinion under Section 143(3)(i).
Resolve the accounting issue before it becomes a reporting deadline
Share the transaction, standard, reporting requirement or audit concern. We will help define the technical and execution work required.
Our accounting and reporting capabilities
Technical accounting advisory
Research and position papers for complex or judgemental matters across revenue, leases, financial instruments, business combinations, consolidation, share-based payments and other standards.
Financial statements and accounting support
Period-end close support, trial-balance review, reconciliations, schedules, financial statements, notes, group reporting packs and accounting-policy documentation.
Audit support and close acceleration
PBC coordination, audit schedules, issue tracking, evidence preparation, technical responses, closing governance and remediation of recurring audit observations.
GAAP conversion and reporting change
Impact assessment, accounting adjustments, opening balance sheet, policy elections, disclosures, comparative information and implementation support for Ind AS, IFRS and US GAAP conversions.
Transaction accounting advisory
Accounting for acquisitions, disposals, restructurings, carve-outs, purchase price allocation, post-deal integration and complex capital or financing transactions.
Due diligence and IPO readiness
Quality of earnings, working capital and net debt analysis, accounting red flags, public-company financial reporting readiness, controls, close, systems and finance-function preparation.
Technical areas we support
Revenue and customer contracts
Ind AS 115 / IFRS 15 / ASC 606 assessments, performance obligations, variable consideration, contract modifications, principal-agent considerations and disclosures.
Leases
Ind AS 116 / IFRS 16 / ASC 842 implementation, lease populations, discount rates, calculations, modifications, reconciliations and disclosures.
Financial instruments and ECL
Classification, measurement, impairment, expected credit losses, modifications, derecognition, fair value and related documentation.
Business combinations and PPA
Acquisition accounting, identifying the acquirer, consideration, identifiable assets and liabilities, goodwill, measurement-period adjustments and purchase price allocation support.
Consolidation and group reporting
Control assessments, group structures, eliminations, non-controlling interests, foreign operations, reporting packs and consolidation adjustments.
Share-based payments and employee benefits
ESOP and share-based payment accounting, modifications, vesting conditions, valuation coordination, gratuity and other employee-benefit reporting.
Impairment and valuation-linked accounting
Cash-generating units, impairment indicators, model review, key assumptions, disclosures and coordination with valuation specialists.
Foreign currency and hedge accounting
Functional currency, translation, foreign operations, derivatives, hedge documentation, effectiveness and accounting entries.
From conclusion to close-ready output
A technical conclusion is only useful when it can be implemented in the books, financial statements and audit file. Our work can therefore extend beyond the accounting memorandum to calculations, journals, disclosure language, reconciliations, schedules, control steps and training.
We also help establish the recurring process where the issue will continue - for example lease accounting, ECL, consolidation, revenue contract reviews or share-based payment reporting.
How an engagement typically works
Step 1 · Define the reporting questionUnderstand the transaction, facts, timeline, reporting framework, materiality and intended users of the financial information.
Step 2 · Gather and validate evidenceReview contracts, models, historical accounting, policies, data and management assumptions.
Step 3 · Analyse and concludeEvaluate the relevant guidance, alternatives, judgements, sensitivities and disclosure implications.
Step 4 · Document the positionPrepare a clear, reviewable memorandum or issue paper with facts, analysis, conclusion and implementation steps.
Step 5 · Implement in reportingSupport calculations, entries, reconciliations, financial statements, disclosures and audit evidence.
Step 6 · Embed the processDefine ownership, controls, templates, calendars and training where the accounting requirement recurs.
Why finance teams engage Contetra
Specialist depth without permanent overhead
Access the capability required for a transaction, reporting conversion, audit peak or complex standard without overbuilding the internal team.
Practical, reviewable documentation
Outputs are designed for management, auditors, boards, investors and transaction stakeholders - not as academic summaries of accounting literature.
Integrated finance transformation
Accounting conclusions can be connected to close, controls, ERP requirements, dashboards, transaction work and automation.
Execution support through deadlines
We can work alongside internal finance teams to complete the analysis, data, schedules and financial reporting - not merely advise from a distance.
Frequently Asked Questions
Strengthen the conclusion, the reporting output and the audit trail
Discuss a complex accounting issue, reporting deadline, transaction or readiness programme with our accounting and reporting team.