Ind AS Advisory & Financial Reporting
Expert Consulting — Serving Clients Across India
Ind AS Advisory & Financial Reporting
The transition to Indian Accounting Standards (Ind AS) — India's convergence with IFRS — is one of the most technically demanding exercises in modern corporate finance. Accorg Consulting's Ind AS practice, led by CA Ravishashtri (who has advised on Ind AS implementation for an electricity distribution company with a ₹80,000 Crore balance sheet), provides expert guidance at every stage.
Ind AS Transition Support
- Phase I, II, and III applicability assessment
- Gap analysis — current Indian GAAP vs. Ind AS requirements
- Opening Balance Sheet preparation (Ind AS 101)
- Comparative period restatement
- Deferred tax recalculation under balance sheet approach
- Staff training and internal team upskilling
Key Standard Implementation
Revenue Recognition — Ind AS 115
- Five-step model application to your business model
- Variable consideration, contract modifications, and principal vs. agent
- SaaS, real estate, construction contract, and long-term service contract guidance
Lease Accounting — Ind AS 116
- Lease identification and classification
- Right-of-use (ROU) asset and lease liability computation
- Short-term and low-value lease exemptions
- Sale-and-leaseback accounting
Financial Instruments — Ind AS 109
- Classification and measurement — FVTPL, FVOCI, amortised cost
- ECL (Expected Credit Loss) provisioning for NBFCs and banks
- Hedge accounting documentation
- Derivatives and embedded derivative identification
Business Combinations — Ind AS 103
- Purchase price allocation (PPA)
- Goodwill impairment testing
- Common control transaction accounting
Ongoing Financial Reporting Support
- Quarterly and annual Ind AS financial statement preparation
- Audit support — coordination with statutory auditors
- Accounting policy documentation and updates
- CFO advisory on new standards and amendments
Sectors with Special Expertise
Power and electricity distribution, infrastructure, NBFCs, manufacturing, real estate developers, and listed companies with complex financial instrument portfolios.
Frequently Asked Questions
What types of disputes does Accorg Consulting handle?
Accorg Consulting handles: NCLT insolvency and corporate disputes, GST litigation and notices, FEMA compliance and violations, shareholder/director disputes, banking disputes (SARFAESI, DRT), customs litigation (CESTAT), corporate contract disputes, and arbitration. On the consulting side: Virtual CFO, financial advisory, audit & taxation, HR consulting, MIS, and business process consulting.
Does Accorg Consulting serve clients outside Indore?
Yes. While headquartered in Indore (Madhya Pradesh), Accorg Consulting serves clients pan-India — with associates in Mumbai, Delhi, Bangalore, Ahmedabad, and Chennai. We also serve international clients based in Dubai, Singapore, and the US who have legal or financial matters in India. Most client interactions happen virtually (WhatsApp, Zoom, email) for efficiency.
What is the fee structure for Accorg Consulting services?
Fees vary by service type: (1) NCLT/litigation matters: case-based fees starting from ₹25,000 for simple petitions; (2) GST notice replies: ₹5,000-₹25,000 depending on complexity; (3) Virtual CFO: monthly retainer from ₹15,000/month; (4) Audit: ₹15,000+ depending on company size; (5) Consultation: ₹2,000 for 30-minute session. Initial consultation is free for qualified matters. Call +91 88277 53530 for a quote.
How quickly can Accorg respond to urgent legal matters?
For urgent NCLT filings, SARFAESI notices, or GST summons: we respond within 24-48 hours. For critical urgent matters (same-day NCLT appearance needed), we have an emergency response protocol. Call +91 88277 53530 directly for urgent matters — do not rely on email alone. Our WhatsApp is also active for rapid communication.