Our Solutions

Our Solutions

Training

FinPro Consulting provides comprehensive suite of training solutions including ‘Diploma in International Financial Reporting Standards’ (DipIFR) accredited by Association of Chartered Certified Accountants (ACCA) and customized trainings for corporate clients on Ind AS, US GAAP and Indian GAAP. We deliver effective training solutions and programs that enhance your company’s most valuable asset …”your employees”! Our training solutions include:

  1. Customized trainings on Ind AS, Indian GAAP, DipIFR and other international reporting standards to Corporates, CA firms, Educational Institutes etc.
  2. Finance for non-finance
  3. Corporate study circles (on recent regulatory updates)
  4. Articleship induction training for CA firms (for newly joined article students)

Our training team consists of experienced professionals having practical experience in Ind AS / international reporting standards / US GAAP implementation across various sectors.

Financial Reporting

Companies face challenges to tackle complex accounting matters due to ever changing accounting and financial reporting requirements. We can assist such companies by providing several solutions including:

  • Preparation of technical accounting memo on behalf of the management
  • Technical assistance in complex accounting issues and events such as:
    • mergers and acquisitions
    • consolidation of subsidiaries, associates and joint ventures
    • accounting for ESOPs
    • lease accounting under IFRS 16 / Ind AS 116
    • deferred tax
    • derivative and hedge accounting
  • Audit readiness support
  • Preparation of accounting manual
  • Fixed assets recording and register maintenance
  • Financial statements preparation
  • XBRL conversion services
Management consulting

In the current environment, it is imperative for the finance function to exhibit its value to the business by providing insightful reports to the senior management which will enable them to take effective decisions. It is necessary to improve delivery of finance function development of new business models and implementation of new reporting tools. We offer customized solutions to the management of the company including:

  • MIS reporting
  • Business and asset valuation
  • Accounting due diligence
  • Functional support on ERP implementation
  • ERP post implementation review
GAAP Conversion

Ind AS is adopted in India in a phased manner from the FY 2016-17 onwards for certain class of Indian companies. Further, multi-national companies are subject to group reporting requirements as per Global Financial Reporting Standards.

We provide wide range of solutions to suit your requirements including:

  • Impact assessment, identifying the differences between Indian GAAP and Ind AS or other Global Financial Reporting Standards
  • Assistance in implementation of the accounting differences
  • Preparation of full-fledged financial statements compliant with Ind AS or other Global Financial Reporting Standards
  • Training to the staff of the Company and preparing the first set of financial statements under respective GAAP as required by the Company
  • Identify and address the impacts of conversion on wider business and on systems and processes including IT systems
  • Assistance in the preparation of group reporting packs
Transaction accounting and reporting

Companies frequently enter into various in-bound and cross border transactions namely mergers and acquisitions, de-mergers, financial re-structuring etc. We assist such companies by providing wide range of solutions including:

 Before the deal is executed

  • Identification and analysis of accounting issues
  • Review and advise on unusual accounting policies of the target company
  • Evaluation of impact of international reporting on target company’s financial statements
  • Preparation of opening balance sheet, carve-out, proforma or combined financial statements

 After the deal is executed

  • Assistance in acquisition accounting, opening balance sheet and purchase price allocation
  • Integration of accounting and reporting between the acquirer and target company
Initial Public Offer (IPO) reporting

Over the last several years, India has witnessed an increasing trend in companies looking to raise capital in India and abroad. The company has to pool a strong team of advisors to navigate the accounting and reporting complexities of a listing transaction. We provide following IPO reporting solutions:

  • Preparation of restated financial statements as per SEBI requirements in India
  • Preparation of consolidated financial statements in accordance with International Financial Reporting Standards / US GAAP which is permitted by majority of the stock exchanges.
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