Expert guidance on complex accounting matters. Practical. Compliant. Defensible.
We provide expert advice regarding complex accounting issues such as compliance with federal laws and regulations and how to maintain records for tax purposes. Our goal is to help companies accurately document, apply, and interpret accounting standards. This will enable the Company to be compliant with GAAP and provide an audit readiness across all financial statements that are prepared.
We work collaboratively with all major parties in the business (management, finance teams, auditors and investors) to identify complex accounting problems, support significant business decisions, and improve the integrity of financial statements.
Our Technical Accounting Solutions
Accounting Standards Advisory
We assist clients practically in applying and interpreting modern frameworks. Our approach emphasises implementation rather than theoretical accounting policies.
- IND AS/IFRS: Our comprehensive offering includes support with IND AS and IFRS, including application of IND AS, IFRS, and Financial Reporting under Indian GAAP.
- Accounting Standards: Interpreting and implementing the Companies (Accounting Standards) Rules, Indian GAAP framework and ensure that they comply with applicable accounting standards.
- US GAAP: US GAAP Advisory including cross-border reporting and reconciling with US GAAP.
- Accounting Advisory: Advisory on ICAI guidance notes, EAC opinions, SEBI/MCA circulars.
Complex Accounting Matters
We perform in-depth, technical analyses on those aspects of complex accounting where significant audit adjustments or regulatory inquiries are most likely to occur including:
- Revenue Recognition (Ind AS 115 / IFRS 15): Performance obligation evaluation, principal versus agent evaluation and variable consideration modelling.
- Financial Instruments (Ind AS 109): Classification and measurement of financial assets and liabilities, calculation of expected credit loss (ECL) and hedge accounting documentation.
- Business Combinations (Ind AS 103): The accounting for acquisitions, reverse acquisitions, common control transactions and complicated demergers.
- Leases (Ind AS 116): Calculation of ROU assets and lease liabilities, as well as the assessment of termination and renewal options for leases.
- Share-Based Payments: Fair value measurement and expense attribution for employee stock ownership plans (ESOPs), stock appreciation rights (SARs) and phantom share payment plans.
- Impairment Testing (Ind AS 36): Creating reliable value in use (VIU) models and evaluating cash generating unit (CGU) impairment testing.
Accounting Memos & Position Papers
We develop defensive documentation to bridge the divide between judgement and compliance.
- Whitepapers: These documents contain detailed analysis of unique or non-routine transactions.
- Precedent Research: We produce this research with the intent of supporting management’s position by utilizing industry-specific interpretation of the applicable accounting standard(s).
- Standard Compliance: We map each applicable paragraph of the accounting standards to the unique facts of the company.
- Audit-Inclusive Bundles: We create an “audit file” containing all calculations and quotes required by an auditor for immediate sign-off.
Transaction Accounting Support
Provide support in order to ensure the accounting on transformative events reflects the economic reality.
- Mergers & Acquisitions & Deal Structuring: Perform due diligence accounting prior to closing a deal to identify potential "earnings" surprises.
- Purchase Price Allocation (PPA): Identify and value intangible assets post acquisition (brands, customer lists, technology).
- Carve-outs & Spin-offs: Prepare combined financial statement and allocate corporate overhead to entities being disposed of.
- Fundraising Support: Accounting for convertible type instruments (CCPS/CCDs) and identifying “debt vs. equity” in a transaction.
Audit & Regulator Support
We provide a comprehensive technical shield - giving independent capabilities to those individuals or organizations who have disputes that arise from a lack of technical resolution.
- Technical Desk Queries: Responding to technical desks with inquiries from any of the Big 4 or mid-sized audit firms.
- Regulatory Questions: Drafting responses to inquiries from the FRRB or SEBI regarding our technical evaluations.
- Independent Opinions: Providing companies or boards with formal technical opinions when there are disputes about evaluation criteria.
Accounting Policy & Framework Development
- Creation of Customised Accounting manuals: Provide each of your finance teams with a simple, easy-to-use and customised accounting manual.
- First time adoption: Transition to Ind AS from Indian GAAP without any hassle by producing an opening balance sheet and bridge reconciliations.
- Group Policy: Bring together the accounting and actual reporting from global subsidiaries into one US GAAP-based common framework/format.
Why Choose Us
- Technical Proficiency: Each member of our team has a wealth of experience across Ind AS, IFRS, and US GAAP systems.
- Support Solutions That Can Be Pragmatically Implemented In An ERP System: Our solutions can help you implement your existing business processes.
- Have The Ability to Be Audited: Our evidence is to audit-ready quality standards so that we can withstand the strictest of audit techniques from globally recognized audit firms.
- Industry Experience Across Multiple Industries: Our team members bring specialized expertise to numerous industry sectors, including Technology, Manufacturing, Financial Services, and Real Estate.
- Quick Response Technical Support: When you are working under time restrictions due to deal timeframes or closing on a quarter-end, we are able to provide new technical advice quickly.
Who We Serve
- Listed Entities: Ensuring continuous compliance with SEBI and stock exchange reporting requirements.
- High-Growth Startups: Helping Series B+ startups professionalize their finance function for future exits or IPOs.
- MNC Subsidiaries: Assisting Indian arms of global companies with local statutory compliance and group reporting.
- Private Equity Firms: Providing technical support for portfolio companies during acquisition or divestiture.
