Financial Reporting Advisory
Navigating Transactions with Precision and Expertise
Welcome to PNAM's FINANCIAL REPORTING ADVISORY
The PNAM Financial Accounting & Advisory (FAAS) team is a group of dedicated professionals, complemented by a pool of experts from our Assurance Practice who possess significant experience in Indian GAAP, IFRS, IndAS, US GAAP, International GAAP etc.
We leverage our collective technical knowledge and industry expertise, comparing ourselves to similar companies, to address the challenges faced by corporations, meet stakeholder expectations, and fulfil regulatory obligations. In India, our client base spans a wide spectrum, including publicly listed companies, multinational corporations, government entities, and other agencies.
Our Services
Our clients engage our services for various purposes, such as regular financial reporting, handling transactional requirements like Mergers and Acquisitions (M&A), raising capital, and transitioning from local Generally Accepted Accounting Principles (GAAP) to International GAAP. Importantly, our clients regard us as an extension of their finance teams, relying on us to bolster their capabilities in addressing day-to-day intricacies in financial reporting. We proactively anticipate issues and develop solutions for them.
A significant portion of our professionals have auditing experience, which equips them with a practical understanding of the complexities inherent in financial reporting.
End-to-end conversion
At PNAM, we seamlessly integrate accounting expertise with advanced technological capabilities to provide efficient, accurate, and sustainable financial reporting solutions. Our team comprises highly skilled professionals with deep technical accounting knowledge and extensive experience in advising clients on complex accounting matters. We specialize in GAAP conversion services, ensuring smooth and comprehensive transitions from local GAAP to International GAAP standards, including IFRS and US GAAP. Our approach not only ensures compliance with global accounting frameworks but also enhances financial transparency and reporting efficiency. Whether you are expanding internationally or restructuring your financial reporting framework, PNAM delivers tailored solutions to meet your evolving accounting needs.
Compliance with ICDS
In addition to GAAP conversion services, PNAM provides expert guidance on selecting the most suitable accounting policies when multiple options are available under GAAP. Our team ensures that your financial reporting aligns with industry best practices while optimizing transparency and efficiency. Furthermore, we assist businesses in adhering to Income Computation and Disclosure Standards (ICDS), ensuring compliance with regulatory requirements and minimizing potential tax and financial risks. By leveraging our expertise, businesses can navigate complex accounting frameworks with confidence, making informed decisions that enhance financial reporting accuracy and regulatory adherence.
Management Information System
At PNAM, we specialize in streamlining group financial and management reporting by leveraging cutting-edge automation solutions. Our services include the implementation of automated financial reporting packages that enhance efficiency and accuracy in financial disclosures. We assist in developing and deploying in-house consolidation tools, enabling seamless integration and reporting across multiple business entities.
Furthermore, we design and implement electronic financial reporting manuals, ensuring consistency and compliance with evolving regulatory standards. Our structured automated Management Information System (MIS) reporting packages provide real-time insights, helping businesses make data-driven decisions with confidence. By automating financial reporting processes, PNAM empowers organizations to improve accuracy, enhance transparency, and optimize overall financial management.
Transaction Based Services
At PNAM, our transaction-based services are designed to support businesses at every stage of their financial journey. We assist in preparing financial statements for inclusion in prospectuses, ensuring compliance with regulatory standards for capital raising. Our expertise extends to preparing completion accounts or carve-outs in accordance with share purchase agreements, offering clarity and accuracy in transaction reporting.
We provide comprehensive support in financial due diligence, helping businesses assess risks and opportunities before finalizing deals. Our post-completion services include purchase price allocation accounting, evaluating the financial impact of divestments, acquisitions, and mergers. Additionally, we advise on hedge accounting, prepare hedge documentation in line with relevant standards, and review share-based compensation arrangements to identify potential accounting implications.
Other Services
Beyond these core services, we provide on-call accounting advice during financial reporting and independent audit processes. We also offer technical training on International Financial Reporting Standards (IFRS), US GAAP, and transaction-related accounting impacts, such as those related to M&A.
In summary, the PNAM FAAS team in India is a group of experts with a strong focus on financial reporting, Indian & International GAAP. We serve a diverse clientele and provide a wide range of financial advisory services, acting as a valuable resource for their clients’ financial needs and challenges.
