FAAS solutions are provided by a senior team - generally, manager and above - with strong financial reporting skills, in-depth sector knowledge, and an advisory mindset.
FAAS is a small and fast-growing team with excellent exposure to the firm's key clients, and gives excellent growth opportunities for the right candidates.
FAAS solutions include:
GAAP conversions
Conversion of financial statements from IGAAP to Ind-AS
Reverse conversion for overseas acquisition (IFRS to IGAAP).
Consolidation implementation & accounting manuals
Accounting support for client when selecting new consolidation system - for example, elimination entries required or multi-currency reporting
Preparation of accounting manual for group with multiple entities/jurisdictions - IGAAP or IFRS
Transaction support and financial reporting
- IFRS impact assessment for cross-border acquisition
- EBITDA impact of acquisition
- Carve-out and demerger accounting
- Accounting policy alignment - pre- or post-acquisition
Tax and tax reporting
- Accounting solutions (IGAAP and IFRS) related to tax planning/structuring
IPO preparedness
- Overall assessment of company's readiness from financial reporting/governance perspective for IPO process
- Project manage production of financial information for IPO process
IFRS training, ad-hoc support and on-call services
- Accounting support for new business models
- Tailored training programme for specific company/industry
- White paper/accounting advice on specific transactions
Job description
- Manage / execute FAAS projects, develop and implement solutions
- Identify and develop business opportunities; manage accounts (depending on level)
- Coach junior team members, encourage technical excellence and learning
- Integrate with the client's service lines on multi-disciplinary projects
- Contribute to thought leadership and participate in marketing activities
Skills required
- CA qualified
- Strong IGAAP and/or IFRS and/or US GAAP financial reporting experience in complex/large companies, most likely in Big 4 audit/advisory/transaction vertical or MNC finance/M&A environment
- Ability to explain complex accounting and financial reporting issues simply
- Advisory mindset, ability to develop solutions for the client with support from technical subject matter experts
- Business development skills and aptitude, depending on level.
- Specific financial reporting experience in at least one of the following:
Transactions (acquisitions, carve outs, demergers, restructuring)
Preparation for IPO including listing rules in India/UK/US
Complex consolidation structure in an MNC environment including implementation of ERP/consolidation IT system
Tax planning and complex structures
Developing and delivering technical training
Specific financial reporting topics: revenue recognition; financial instruments; off-balance sheet financing; consolidation and SPEs; banking; insurance;
Experience (Post Qualification) -3-5 years Preferably in Big 4s or top CA firms
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