Financial Accounting Advisory Services

FAAS solutions include: FAAS solution Description/examples of types of projects undertaken by FAAS

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

Skills required :

- CA qualified (or equivalent e.g. CPA/ICAEW/ACCA)

- Good academic record (1st/2nd time passes for ICAI or equivalent)

- 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. In applicants at Senior Manager and above, a strong track record of business development is expected

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;

- Strong project management skills

- Excellent communication skills