india financial reporting manager
DESCRIPTION
CCH IFRM is a web based powerful research solution designed to provide answers, guidance, improve accuracy and efficiency of financial reporting for accounting/auditing professionals and corporate professionals. It’s the most timely, comprehensive, interpretive knowledge base which helps you in the finalisation of financial statements. Backed by over 100 years of tax and accounting experience, IFRM allows you to do more with less by enabling you to integrate and centralize your accounting research. In fact, this one suite leverages the latest technology to reduce accounting risks associated with Indian regulations and compliance processes. CCH is committed to delivering the tools corporate and accounting professionals need to save money, time and reduce risk, all while complying with accounting standards and norms. IFRM is built on expertise from CCH and technical/subject matter experts from Bombay Chartered Accountants Society. In fact, for the first time you’ll no longer have to spend hours searching for guidance in various sources. You’ll have the ability to make quicker decisions and conduct business in a global economy better than ever before. A voluntary organisation established on 6th July 1949, BCAS has more than 8,600 members from all over the country at present and is a principle-centred and learning-oriented organisation promoting quality service and excellence in the profession of Chartered Accountancy and is a catalyst for bringing out better and more effective Government policies & laws and for clean & efficient administration and governance.TRANSCRIPT
India Financial Reporting Manager
“A Powerful Research & Solutions kit for Accounting Disclosure issues & Financial Reporting needs”
“IFRM - A bridge between you and Accurate Financial Reporting”
Highlights- Database of Extracts from published annual accounts of
over 295 listed companies (BSE listed) and their disclosures as on 31st March 2011
Extracts cover all Mandatory Accounting Standards
Companies classified as per industry type and as per the ASs
Database of Annual reports of over 295 listed companies
MCA Circulars and Notifications on Accounting Standards
Analysis of ICAI Guidance Notes on AS.
Highlights-
Case Laws on Accounting Standards covered in Direct Tax, Indirect Tax & Company Law
A Dashboard style analytical table to all critical information relevant for Accounting/Financial reporting needs
Links to Expert Advisory Committee Opinions of ICAI on ASs.
Disclosure Checklist for each AS.
Comparison chart – I GAAP/Ind AS & IFRS
Unique Features & Functionalities
AS-wise access to Extracts from published annual accounts— E.g: Extracts from the Notes to Accounts of Wipro on AS 11 and all software
companies on AS 11
Accurate, Sharper and faster search results. Triggers:— Query/Search by Company name— Query/Search by AS— Query/Search by industry segment
Snap shot and Quick links to all “critical information” for financial reporting purpose in a Dashboard style or Snapshot view— E.g: AS 1 – Text of AS, MCA Notifications, Guidance Notes, Extracts from
financial statements, Disclosure checklist
Unique Features & Functionalities
Case Laws/Judicial decisions with reference to each AS under the Tax Laws (Direct & Indirect) & Company Law.
Completely integrated information—Eg: Read & Compare the text of an AS while referring to a
judicial decision—Eg: Assimilate the text of an AS while complying with the
disclosure checklist— Eg: Links/Cross reference to Annual Report of a particular
company from the extract
Index to Companies and details of their Statutory auditor
Key Benefits/Why you should buy? Authentic and Authoritative reference material and guidance on “Accounting
Disclosure, Recognition & Measurement” as per each AS extracted from the financial statements of BSE listed companies
Find answers to issues on complicated accounting treatment within the same industry type or across industry segments
Accounting disclosures Analysis & Comparison
Prepare and explain disclosures in the notes to accounts in a more objective manner
Helps use a standard language to describe an accounting treatment
Understand the industry best practices on disclosure
Understand the impact of tax laws and company law on Accounting issues & their correlation
Questions and checklist to help finalize the disclosures required as per the mandatory accounting standards
Access to expert advisory opinion of ICAI on Accounting Standards
Indu
stry
& A
S cl
assi
ficati
on
Search by company name gives 12 results
Every search opens into a new tab
Search as per “AS 18” gives 7 results
Snap shot/Dash board view with quick links to all
critical information
12
Cases listed as per AS & under each law
13
Cross reference to text of Accounting Standard
Links to annual report of the companyfrom the extracts
15
Opens up all cases on AS
Cross reference to AS 4
Index to Companies, Statutory Auditor and links to Extracts
16
17
30 re
sults
ref t
o AS4
Togg
le v
iew
any
doc
list
ed
Search Functionality
18
Narrow cases results as per court jurisdiction.
Narrowing/Filtering search results
19
Links to Annual Reports of Companies (available in pdf)