Information is a key to success, it enables you to identify facts, anomalies and trends allowing you to control and monitor your business whilst giving you the ability to develop opportunities and make informed decisions. As a company Director or as a Financial controller it is essential that you have the right information and accurate details to run and monitor your business and also fulfil your statutory responsibilities.
As the convergence of accounting standards around the world continues, having access to key information of your business and accurate results and financial position of your business and operations is critical for your organization. As a result of frequent changes in Companies Act, GAAPs, direct and indirect tax regulations your business faces myriad complex accounting issues related to accounting, auditing, consolidations, restatements, GAAP conversion, treasury, hedging debt and equity offerings, acquisitions and more. These are major challenges and may disrupt day-to-day operations.
We help companies maximise value during these moments of exceptional change. We support companies with their accounting, financial reporting needs. Our practitioners combine accounting, valuation and tax expertise to help you preserve the value of your business. We tailor solutions to your needs, allowing for a thorough approach in anticipation of the requirements of auditors, investors and regulators.
Our accountants can provide advice and guidance along with the practical assistance to ensure you are in compliance with the local law, regulations and relevant GAAPs.
We have extensive experience and expertise in preparing accounts and managing MIS function of large global organisations enabling us to deliver innovative and creative solutions to your business.
Our accountants can implement systems and controls which will enable you to extract, monitor and analyse your data as and when you need it most.
Our accounting and reporting services include:
- Preparation of statutory financial statements for companies and limited liability partnerships
- Preparation of books of accounts and maintaining them on periodic basis
- Preparation of annual accounts for unincorporated businesses
- Preparation and interpretation of periodic management accounts
- Preparation of financial forecasts including cash flow and profit projections
- Advising on accounting systems and software
- Assisting clients in recruiting and training finance staff
Bookkeeping & Management Accounts
We believe robust Management Information is critical in achieving business goals and executing business plans and therefore we are here to help your business achieve it's potential. We offer Bookkeeping services, on or off site, allowing you to concentrate on running and growing your business.
Statutory Accounts
Financial reporting in India is undergoing it's most significant change in a generation with introduction of new Companies Act, Ind-AS, upcoming GST, Internal control over financial reporting.
With the alignment of Indian GAAP to IFRS with introduction of Ind-AS, it is imperative you choose the correct reporting framework to prepare your company's financial statements.
We have knowledgeable professionals who have experience from Big four consulting firms and are very well aware with the requirements of Big four audit firms which help our clients in complying with relevant statutory regulations and preparing financial statements in compliance with relevant GAAPs and getting their accounts audited on time.
Management Reporting
Here at Iceberg Financial Services, management reporting adds a new dimension beyond that of pure financial reporting. We are able to provide the information you need to support your business effectively, by provision of a clear insight into your financial performance from which you can take action to build on profitability. Individually tailored key performance indicators can help you to improve profitability and cash flow for future periods.
We see the provision of financial information as vital tool to assist management in reviewing, steering and appraising the business enabling a solid platform on which to base sound commercial decisions.
We can help you to design a reporting framework that will enable you at a glance to interpret and analyse your business by reference to key performance indicators that are relevant to you.
Specific services include:
- Designing a reporting format to help you understand the performance of your business
- Preparation and interpretation of periodic management accounts
- Regular meetings to review progress against business objectives
- Constructive guidance to help steer performance in future periods
Outsourced Finance Director
Many small and medium sized enterprises go through a stage in their growth where they need hands on financial support yet are not large enough to sustain the role of a full time qualified finance director. We can offer an ‘outsourced finance director’ function that provides the expertise and experience you would expect from a finance director, but in a package agreed with you that fits the time requirements and budget of your business.
This frees up your time and allows the business to concentrate its resources on the things it does best while our involvement brings added value to the management team. We are available at all times to help you make key decisions, as are available to hold regular meetings and review key management reports, that we can help you to produce.
Ultimately, as your business grows and flourishes, we can help you to source your own finance director and assist with the selection and interview process.
Systems Reviews
As your business grows you will want to be able to keep track of day to day transactions easily and have the peace of mind that the business’ assets are properly catalogued, monitored and maintained.
Our highly experienced team can help you with all your systems needs, from recommending a basic accounting package, through the design and implementation to internal controls, to assisting you with more sophisticated applications such as stock control/assets control systems as the scope of your business expands.
Areas where we can provide guidance are:
- Advice in relation to accounting software
- Setting up of accounting systems
- Review of existing systems and reporting frameworks
- Review of accounting procedures
- Design and implementation of internal controls