SCOPE
What the work covers
Financial advisory
Analysis of performance, funding requirements and financial decisions for management.
MIS reporting
Monthly management reports with the measures the business actually runs on.
Budgeting and forecasting
Annual budgets, rolling forecasts and variance reviews against actuals.
Financial planning
Cash-flow planning, working-capital review and project reports for lenders.
Internal controls
Design and review of controls over purchases, sales, payroll, cash and inventory.
Structuring and set-up
Choice of entity and the initial accounting and reporting framework for new businesses.
APPROACH
How matters are handled
Advisory work begins with the business’s objectives and the information management already has. Reporting and controls are designed around how the business operates, and are reviewed periodically once in use.
01
Objectives
Objectives, constraints and timelines are understood first.
02
Diagnosis
Existing records, reports and controls are reviewed.
03
Design
Reports, budgets and controls are designed and agreed.
04
Review
Results are reviewed with management periodically.
LAWS AND FORUMS
Framework and outputs
LAWS
Companies Act, 2013 and LLP Act, 2008
Accounting Standards and Ind AS, where applicable
Income-tax and GST laws
Guidance issued by ICAI
TYPICAL OUTPUTS
Monthly MIS reports
Budgets and forecasts
Project reports and cash-flow plans
Internal control documentation
