IFRS CONVERSION

TRANSFORMATION OF IFRS

As a result of globalization, businesses are now more widespread worldwide. It calls for the adoption of numerous new procedures, such as financial reporting using an internationally recognized accounting system.

US GAAP (Generally Accepted Accounting Principles) and International Financial Reporting Standards (IFRS) are the two frameworks that are commonly utilized by firms worldwide. In addition, there is now increasing focus on the transparency and integrity of financial reporting. KMS is useful in this situation.

We offer GAAP and IFRS conversion services, which entail restating financial statements in accordance with GAAP and IFRS regulations. In transactions such as obtaining equity/debt in a foreign location or in cross-border acquisition deals where the acquirer’s books must be converted, GAAP/IFRS conversion is necessary. We also provide ongoing US GAAP/IFRS consulting services to ensure that our clients are always up to date with their international accounting requirements.

ESSENTIALS

  • Accounting deficiencies and conversion impact: a first assessment
  • support for the first time in organizing the adoption of Ind AS/IFRS/US GAAP
  • converting financial statements into another format.
  • Training on the IFRS and US GAAP conversion techniques is offered in order to foster internal expertise.
  • helping to provide required disclosures when a new accounting system is being implemented
  • Auditing documentation
  • Producing comprehensive diagnostic findings that might be applied to the conversion procedure
  • forming accounting opinions about the use of several accounting frameworks, including Indian AS, IFRS, US GAAP, and Indian GAAP
  • Client personnel are required to receive technical accounting training.
  • support for implementing the new accounting requirements
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India Office

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USA Office

Lorem Ipsum es simplemente el texto de relleno de las imprentas y archivos de texto. Lorem Ipsum ha sido el texto de relleno estándar de las industrias desde el año 1500,

uk Office

Lorem Ipsum es simplemente el texto de relleno de las imprentas y archivos de texto. Lorem Ipsum ha sido el texto de relleno estándar de las industrias desde el año 1500,

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