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
Our team effectively combines accounting expertise with technological skills to deliver efficient and sustainable financial reporting solutions. Our professionals are chosen for their expertise, possessing deep technical accounting knowledge and extensive experience in advising clients on accounting matters, including GAAP conversion services. These services encompass comprehensive conversions from local GAAP to International GAAP, such as IFRS and US GAAP.
Compliance with ICDS
We also offer guidance on selecting appropriate accounting policies when GAAP provides multiple options, and ensure compliance with Income Computation and Disclosure Standards (ICDS).
Management Information System
In the realm of group financial and management reporting, we facilitate the automation of financial reporting processes through the implementation of automated financial reporting packages, in-house consolidation tools, electronic financial reporting manuals, and structured automated Management Information System (MIS) reporting packages.
Transaction Based Services
For transaction-based services, we assist in preparing financial statements for inclusion in prospectuses for capital raising, prepare completion accounts or carve-outs in accordance with share purchase agreements, and provide support in financial due diligence. We also offer post-completion purchase price allocation accounting, evaluate the accounting implications of proposed divestments, acquisitions, or mergers, advise on hedge accounting, and prepare hedge documentation in line with relevant standards. Additionally, we review share-based compensation arrangements for 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.
