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Definite convergence of the Indian Accounting Standards (IAS) with the IFRS, accountants should acquire the requisite skills. IFRS in India
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Our client is one of the world’s leaders in process and conveyor belting. In all industries and logistics services, products are transported and often processed during transport. Head Office is based in the Netherlands, affiliates in 24 countries their products are available in 150 countries around the planet. This Group, have a network of operating companies worldwide which serve as the point of contact for the local customers. In 2009, the turnover was 240 million Euros. The company has 2,065 employees. The acquisition of uni-chains was completed in January 2008. uni-chains has locations in Denmark, USA, Germany, UK, France and Japan. It is owned by the Dutch company, which has five different business groups, which all use textiles as their base product. They plan to start a new office in Chennai in the end of Oct . 2010. They are in need of following requirements in CHENNAI.
Experiences: 5-8 years , should have tally ERP knowledge with Microsoft office (B.com/M.com)
Accounts Executive - Chennai (Injambakkam)
Experiences: 5-8 years , should have tally ERP knowledge with Microsoft office (B.com/M.com)
cum Accountant - Bangalore
One of our reputed clients have immediate requirements for the following skills at Bangalore:
Company Secretary cum Accountant - Bangalore.
Qualified CS (Company Secretary)
2-3 years overall experience, at least 1 year post qualification experience in handling the company secretary ship responsibilities (preferably independently) in a small to medium company. Knowledge of maintenance of books of accounts. Team player and ability to interact and effectively deal with Senior Management, Vendors, Partners, Service Providers, Government, Employees of all levels.
Excellent verbal and written communication
Financial Applications like Tally, SAP,CA / CWA Inter would be a plus
Please send us your latest updated resume with contact nos.
current and expected salary details and time required to join to email@example.com
General Manager (Finance & Accounts)
Location: Noida, India
Chartered Accountants with 10 yrs experience in the field. Fully conversant with accounting and auditing standards, conversion to IFRS systems. Knowledge of direct and indirect taxes, dealing with banks and financial institutions. Preference will be given to those who have handled IPO and FDI funding.
Incumbent will be responsible for accounts consolidation, strengthening systems & controls. Continuous monitoring for improvement in compliance with accounting standards and IFRS.
Job responsibilities will include all aspects of management accounting, budgeting, finance reporting and performance analysis.
Develop and maintain all appropriate financial systems and procedures manage annual external audit process ensuring compliance with the relevant statutory obligations and internal group reporting deadlines, accounts consolidation under IGAAP, IFRS and VSGAAP.
Responsible for F & C, S0X processes and documentation maintenance.
Qualifications and Experience: Chartered Accountants with atleast 10 years relevant experience
International Financial Reporting Standards ( IFRS ) in India
The Institute of Chartered Accountants of India (ICAI) has announced that IFRS will be mandatory in India for financial statements for the periods beginning on or after 1 April 2011. This will be done by revising existing accounting standards to make them compatible with IFRS.
Reserve Bank of India has stated that financial statements of banks need to be IFRS-compliant for periods beginning on or after 1 April 2011...
The ICAI has also stated that IFRS will be applied to companies above Rs.1000 crore from April 2011. Phase wise applicability details for different companies in India:
Phase 1: Opening balance sheet as at 1 April 2011*
i. Companies which are part of NSE Index – Nifty 50
ii. Companies which are part of BSE Sensex – BSE 30
a. Companies whose shares or other securities are listed on a stock exchange outside India
b. Companies, whether listed or not, having net worth of more than INR1,000 crore
Phase 2: Opening balance sheet as at 1 April 2013*
Companies not covered in phase 1 and having net worth exceeding INR 500 crore
Phase 3: Opening balance sheet as at 1 April 2014*
Listed companies not covered in the earlier phases
If the financial year of a company commences at a date other than 1 April, then it shall prepare its opening balance sheet at the commencement of immediately following financial year
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