The Mission to Make the CFO’s life Easier

Posted by on Dec 19, 2014 in Featured | 0 comments

In today’s business context, life of a CFO is that of the radar as well as the captain of a moving ship. Today’s CFO is expected to contribute well beyond the traditional role of cost management and operational controls. The CFO needs to play a delicate balancing act across multiple dimensions, some of which include: Impact of globalization: having an effective finance function that can account for the increasing complexities of running a global business Regulatory adherence: Global regulatory requirements are constantly changing and continually increasing, and CFOs have a personal...

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Mandatory Consolidated Financial Statements as per Companies Act 2013

Posted by on Sep 24, 2014 in Featured | 0 comments

Under the new provisions of Companies Act 2013, any holding company (private or listed) shall prepare a Consolidated Financial Statement of the company alongwith its subsidiaries, associates and joint ventures and lay before the AGM. The earlier Companies Act only mandated listed companies to publish consolidated accounts. The Financial Statement shall be in the form as provided in Schedule III which is in line with Revised Schedule VI. In case subsidiaries, associates or JV’s have not been considered for consolidation, the same have to be disclosed alongwith reasons for non...

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