IFRS Conversion Services
IFRS Conversion Services
IFRS Conversion Services
IFRS stands for International Financial Reporting Standards. They are the set of accounting orders developed by the International Accounting Standards Board that will becoming the global standard for the financial statement of the public company.By adopting IFRS a business can present its financial statements on the same basis alike the foreign competitors which will be helpful to compare the financials easily. Further the companies with subsidiaries in other countries or adopt IFRS are required to use one accounting language globally.
Companies also need to comply with IFRS requirement if they are subsidiary of a foreign company or if they have a foreign investor which reports under IFRS.
IFRS Conversion Services are to be Managed in Phases and Work Streams. The IFRS Phases Include:
- Assessment phase
- Identifying accounting and reporting differences and assessing their impact on IT systems
- Processes and the solution to manage the business
- The Accounting Phase includes:
- Whether the accounting policies are defined or not
- Whether the blueprints for IT system change are created
- Whether the training modules are prepared or not
- The Final phase includes whether all the changes designed must be implemented and rolled out
We also Provide IFRS Advisory Services as below:
Global documentation also includes worldwide management and support which helps the multinational organizations which includes-- Design Budgetary Control system.
- Determine measure for effective capital utilization.
- Assist the management how to effectively and productively use the working capital.
- Review the financial planning and policies to effectively utilize the resources.
- Prepare the feasibility study report for new projects and expansions.
By Taking Our IFRS Advisory Services the Business can Get the Following Benefits:
- Enhance competition in the global market
- Facilitate source of capital globally
- Reducing financial statement reporting efforts which will reduce the overall cost
- Stimulate and simply the process which will set a benchmark for improvement
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What We Offer
Packages & Pricing
/month
6499
Starter Package
Basic
/month
10000
Starter Package
Standard
/month
19999
Starter Package
premium
FAQs For Private Limited Company Registration
The name should be unique, catchy and it must have a related meaning to you. the name of Company should also relate business Activity of the Company, however, any name may be prefer for register of a Private Limited Company subject to propose name has not already been taken by someone else. It may note that the name of the Company must also be legal as per the provisions of the Companies Act, 2013 and rules made thereunder.
Yes, It is mandatory to have at least two Directors and two members (both can be same) to register Private Limited Company in India. One Director must be resident of India.
It is not entirely correct, although there is no government fee to register a Private Company but there is always required to pay stamp duty to register a Company in India which vary from state to state.
Director identification number (DIN) is unique identification number allotted by registrar of Companies (ROC) to the person willing to be Director of a Company. Digital Signature Certificate (DSC) is a digital sign which are required to signed forms to be filed with MCA or ROC.
No, you are not required to have a proper office since a Company can be register at your residential address, it only required an address proof like utility bill, gas bill, telephone bill or water bill.
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