International Financial Reporting Standards (IFRS) have become the global language of business. For Indian companies looking to raise capital abroad or benchmark themselves against global peers, converting financial statements to IFRS is often a necessary, albeit complex, step. video
Why Convert?
The primary drivers for IFRS conversion include:
- Access to Global Capital: International investors understand IFRS.
- Standardization: For multi-national groups, a single accounting language simplifies consolidation.
- Valuation: Often, IFRS can unlock value hidden by traditional GAAP conservatism.
The Challenges
However, the road is not without bumps. Fair value measurements for financial instruments and biological assets often require complex actuarial or valuation support that was not needed under previous regimes.
"The transition to IFRS is more than an accounting exercise; it is a change management project involving IT, HR, and Investor Relations."
How We Help
At Malpani Dass & Associates, we specialize in this transition. We don't just Map accounts; we help re-engineer your financial reporting process to be sustainable and compliant in the long run.
