Global Reporting · Panaji, Goa
Seamless IFRS conversion and reporting — GAAP-to-IFRS gap analysis, first-time adoption under IFRS 1, disclosures and group reporting packages for entities with foreign parents or overseas reporting needs.
Overview
For Indian businesses with foreign parents, overseas investors or international listing plans, IFRS reporting is essential to speak the same financial language as the rest of the world. Conversion touches revenue, financial instruments, leases, consolidation and disclosures — and must reconcile cleanly under IFRS 1.
N D Savla & Associates delivers structured IFRS implementation for clients in Goa — gap analysis, policy design, restatement and group reporting packages aligned to your parent's calendar. The work dovetails with our Ind AS implementation and audit services.
Identifying differences between your current accounting and IFRS requirements.
Opening IFRS balance sheet, exemptions, exceptions and GAAP reconciliations.
IFRS-compliant policies for revenue, financial instruments, leases and consolidation.
Restating comparatives and building IFRS disclosure notes.
Reporting packages aligned to your foreign parent's templates and deadlines.
Upskilling your team to sustain IFRS reporting independently.
Our process
Map differences between current GAAP and IFRS.
Select IFRS 1 options and design policies.
Restate balances, build disclosures and packs.
Hand over with documentation and training.
Frequently asked questions
International Financial Reporting Standards issued by the IASB — a common global financial-reporting language used in many countries, enabling comparable financial statements across borders for investors, lenders and group reporting.
Indian subsidiaries of IFRS-reporting foreign parents, companies raising funds or listing overseas, businesses with international investors, and those preparing group reporting packs for foreign holding companies.
Ind AS are India's standards converged with IFRS but with certain carve-outs and carve-ins; IFRS is the international standard itself. Many principles are similar, but specific treatments and options can differ, which matters for foreign-parent reporting.
IFRS 1 governs the first IFRS financial statements — an opening IFRS balance sheet at the transition date, retrospective application with specified exemptions and exceptions, and reconciliations from previous GAAP for equity and total comprehensive income.
A GAAP-to-IFRS gap analysis, first-time adoption choices, IFRS policy design, restatement, disclosures, and group reporting packages aligned to the parent's calendar and accounting manual.
Yes. We prepare IFRS reporting packs aligned with your parent's templates, deadlines and accounting manual, including supporting schedules and disclosures the group auditor expects.
Yes. We document IFRS policies and judgements and train your finance team so the organisation can sustain IFRS reporting independently after conversion.
It depends on transaction complexity, group structure and records. We scope the work after an initial assessment and agree a realistic, milestone-based plan.
Related services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll plan your IFRS conversion and group reporting — no obligation.