IFRS Convergance and Reporting

The use of international financial reporting standards (IFRS) as a universal financial reporting language is gaining importance across the globe. IFRS presents challenges at all stages of the IFRS conversion lifecycle. They provide a common financial reporting platform for companies that have previously reported on a wide variety of country specific accounting principles. Dhawan & Co [ DC ] has experience of helping clients transition from local GAAP to IFRS and assists clients across India to provide accurate and meaningful IFRS financial reports.

Dhawan & Co [ DC ]supports companies successfully to complete their conversion in accordance with new accounting standards. Dhawan & Co [ DC ] is equipped with a range of professionals to help company’s conversion to IFRS, including technical accounting, treasury, tax, human resource, M&A valuations and project management.

Dhawan & Co [ DC ] helps you in following areas.

  • Introduction to IFRS
  • Advice on technical accounting and support tools.
  • Assess the tax implications in moving to IFRS.
  • Business Combinations.
  • Capital market transactions.
  • Consistent application of accounting principles.
  • Consolidated Financial Statements.
  • Conversion to IFRS.
  • Corporate governance.
  • Deferred Tax Accounting.
  • Employee Benefits.
  • Expertise in Transitional IFRS project management tool.
  • Fair Value Accounting.
  • Financial Instruments.
  • Foreign Currency Tranlation.
  • IFRS Comparison with Indian GAAP.
  • Improvement in comparability of financial information and financial performance with global peers and industry standards.
  • Improvement in reliability of financial statements.
  • Objective assessment of project processes, controls, and deliverables.
  • Optimize all decisions related to IFRS conversion and ensure that wider business opportunities are considered.
  • Preparation of IFRS financial statements.
  • Regulatory compliance’s.