Is the upcoming financial year-end closure seeming like an impending nightmare? With internal management reporting deadlines and the audit season looming large - you probably have a million things on your plate.
Let us help you sleep better. We're a bunch of ex-Big 4 consultants & industry veterans who want to take the stress out of financial statements preparation and audit closure for you!
Do you find it difficult to keep up with complex technical accounting standards and the ever-changing regulatory requirements?
Worried about audit delays and those dreaded PBC emails from your auditors?
And at the end of the day, preparation of financial statements, getting it cleared by auditors & resolving queries doesn't free you from the rest of your fun ops duties!
Say goodbye to frequent (and sometimes unwarranted) audit adjustments to financial statements. Say hello to peaceful audit closures.
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!
A bunch of ex-Big 4 consultants and former industry veterans who are aware of the latest updates to the accounting standards,
have hands-on audit experience and want to make sure you have a smooth financial statement closure process!
A bunch of ex-Big 4 consultants and former industry veterans who are aware of the latest updates to the accounting standards, have hands-on audit experience and want to make sure you have a smooth financial statement closure process!
We ensure that your team’s bandwidth (yes, that favourite word of the finance team) isn’t choked on account of continuous changes to financial statements and frequent discussions with auditors. We’ll gladly take that on.
Because of bandwidth constraints (yes, that word again!), we’ve noticed that finance teams are generally unable to challenge even the unmeritorious requests from auditors. And more so, once the position is taken, it is expected to be followed in subsequent years. Well, not on our watch!
Complex technical accounting issues, end to end preparation of financial statements and creation of technical accounting memos is our area of expertise. So you can be assured of the collective wisdom of former Big-4 auditors and senior industry controllers!
Most importantly – how do we help you sleep better? By handling the entire financial statement preparation, engaging with auditors for clearing queries, building documentation & memos around complex accounting positions, and dealing with any modifications and technical positions considered in the financials.
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.
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.
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.
We set up a culture of process excellence, within the financial reporting function, with a focus on presence and structuring the financial statements to demonstrate maximum value to stakeholders, leaving you with the time to focus on what matters.
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.
We approach the project as follows:
Understanding closure process for key areas and potential challenges, direct & indirect Tax Positions. Recommendations on course of action regarding previous statutory & internal audit observations. Preparedness review of estimates and data room structure.
Impact assessment of key standards with quantifiable aspects. Preparation of financial statements for the year as per Ind AS/IFRS/US GAAP, which shall include the Statement of Financial Position, Statement of Profit and Loss and Other Comprehensive Income, Statement of Cash Flows, Statement of Changes in Equity for the period, Notes to accounts, Comparatives and opening balance sheet of previous period.
Creation & review of every aspect of the financial statements, assessing key contracts where needed, technical positions where accounting memos are needed to substantiate positions, and preparing workings for quantifying financial impact. Review of GAAP adjustments, tax provision and deferred taxes computation.
Getting auditor buy-in on all key positions considered in the financial statements. Assisting management during the audit in non document related matters (analytics, justifications, areas involving estimates, assumptions, projections, how to go about preparing various disclosures).
As the head of accounting and finance, you and your team have many responsibilities including monthly book closures, payroll processing, MIS reporting, GL reconciliations, managing collections and vendor payments. Having experienced IND AS or IFRS implementation consultants, you can free up significant bandwidth and allow experts to handle financial statements preparation and audit closures efficiently and cost-effectively.
Your finance team can't keep up with all the changes on their own. That's where we come in. Our team includes former Big 4 auditors who know exactly what auditors are looking for and how to get their pesky questions out of the way.
Apart from timely preparation of financial statements, what sets us apart is showcasing the bottom-line impact of IFRS & IND AS on business operations. Whether it is rationalizing ECL provisions in line with IFRS or setting up effective ESOP structures without drastically affecting net margins, we work closely with your finance team to ensure a smooth audit closure.
CEO & CFO
A subject matter expert of international reporting standards (IFRS, US GAAP, IND AS), Sai brings to the table his corporate finance experience of 15+ years. He builds strategies and drives value unlocking for his clients in the areas of GAAP implementation, business finance & finance transformation projects.
Formerly the global finance controller at one of India's largest software companies & author of the best-selling Ind AS book published by CNBC TV-18. His clients and colleagues consider him the final authority when it comes to financial reporting.
Head Finance Transformation
With an experience of over 20 years, and spanning multiple countries, Zulfi brings unmatched insights to the world of business finance and analytics. With professional qualifications like CA, CMA, CIMA, and ACCA, his areas of expertise cover the length and breadth of finance with functional experience in large multinational corporates across accounting & financial reporting, systems, process excellence, business finance, Operations & Business Analytics, project management, cash flow forecasting & management reporting.
Zulfi is the steady hand you need to steer your ship.