In India, Ministry of Corporate Affairs (MCA) has notified phase-wise convergence of Indian Standards with IFRS which are known as Indian Accounting Standard (Ind AS). These standards have become effective from financial year 2016-17 and in Phase I, were applicable to all listed companies and companies having net worth exceeding Rs.500 crores. In Phase II i.e. from FY 2017-18 it was applicable to all listed companies & for unlisted companies if their net worth exceeds 250 crores. Any company may voluntarily comply with Ind AS for accounting periods beginning on or after 1 April 2015. Later on this phase wise applicability will also bring Banks, NBFCs & Insurance companies within the purview of IND AS.
1 - Diagnose
a) Review of existing accounting policies as per previous GAAP(existing AS) & identification of differences when compared to IND AS.
b) Gather relevant data, assessment of controls & IT system processes & redesign of new processes.
2 - Implementing convergence plan
a) Accounting policy & strategic choices
b) Gap analysis
c) Develop & communicate roadmap of convergence plan to top management & financial reporting team. Presenting impact analysis to stakeholders.
d) Convergence of Last 2 year’s Financial statements to IND AS including transition notes as per IND AS 101 & preparation of IND AS compliant financial statements for year of adoption
3 - Post Convergence Assistance
a) 3 months offsite support for facilitating knowledge transfer & solving any queries related to IND AS financial reporting.
b) IND AS Training program for relevant staff for future.
c) Assistance to client in handling IND AS matters with Auditors.
1 - Our Financial reporting professionals are qualified chartered Accountants with extensive practical experience in financial reporting across multiple countries & under various accounting framework (US GAAP, IND AS, IFRS).
2 - Local and global financial reporting servicing capabilities.
3 – Expert team who have handled the US GAAP & other IFRS conversion assignments for listed entities.
4 - For the area of IFRS/IND AS, APMH have tie-up from industry and expert estimation knowledge standpoint with London School of Accounting and Finance (LSAF Global) as our knowledge partners for bringing on table to be in class services.
B.Com, F.C.A., DISA, (ICAI) with 30 years of experience
Specialised in :
Direct Tax,
Representation & Litigation,
Secretarial Services.
B.Com, F.C.A., DISA, (ICAI) with 21 years of experience
Specialised in :
Indirect Tax,
GST Advisory,
GST Compliance,
GST Opinion,
GST Advance Ruling,
GST Audit.
B.Com, F.C.A., DISA, MBF (ICAI) ,Registered Insolvency Professional (IP) with 23 years of experience
Specialised in :
Audit & Assurance,
Insolvency & Bankruptcy Matters,Financial Restructuring .
FAFP,FCA, DISA, (ICAI) with 15 years experience
Specialised in :
Business Advisory,
Forensic Accounting ,
Fraud Prevention,
GCC VAT Consulting.
B.Com., FCA, DISA (ICAI),Registered Insolvency Professional (IP) with 22 years experience
Specialised in :
GST Compliance,
Insolvency & Bankruptcy Matters,
Tax Expert.
B.Com,FCA,DISA (ICAI),DIP IFRS (ACCA) with 7 years of Experience
Specialised in :
GST Audit,
Tax Audit,
Statutory Audit,
IFRS/IND AS Convergence.
B.Com, ACA (ICAI) with 4 years of Experience
Specialised in :
Internal Audit,
GST Compliance & Consulting,
GCC VAT Consulting.
B.Com,CA Inter with 8 years of Experience
Specialised in :
Representation & Litigation.
FCA,CS,ISA(ICAI),M.COM(I) with 7 years of Experience
Specialised in :
Accounts Outsourcing,
Direct Tax,
GST Compliance .
MBA in Informtion Technology,Symbiosis
Specialised in :
Information Technology.
B.Com,Pursuing CISA
Specialised in :
Forensic Accounting ,
Fraud Prevention,
Process Consultant,
GST IT Implementation.
B.Com, ACA (ICAI) with 4 years of Experience
Specialised in :
GST SME Consulting.
B.Com, ACA (ICAI) with 2 years of Experience
Specialised in :
GST Compliance,
Internal Audit.
B.Com, Company Secretary, LLB
Specialised in :
Secretarial Services,
Secretarial Services and NCLT.
Bachelor of Science in Management with 30 years experience
Specialised in :
Accounting,
Consulting.
Economics,Marketing with 26 years of experience
Specialised in :
Marketing,
Planning,
Strategy,
Business Development.
Association of Chartered Certified Accountants (ACCA)
Specialised in :
IFRS.
B.Com, ACA (ICAI) with 2 years of experience
Specialised in :
Internal Audit and Business Advisory .
D-613/614, Neelkanth Business Park, Opp. Railway Station, Vidyavihar(W), Near Ghatkopar, Mumbai 400 086.
Office no. 3, Nirlon Complex, Behind Hotel Trimurti, Roha-Kolad Road, Roha- Raigad Pin. 402 116.
2987 Tariq Biz Ziad Road Qurtoba, Al Khobar 34236 7026 Saudi Arabia.