Accurate books and reporting you can rely on.
Financial reporting is the preparation and presentation of a company's financial statements, such as the balance sheet, profit and loss account and cash flow statement, in line with the accounting standards that apply to it. Accurate reporting gives owners, lenders, investors, auditors and tax authorities a reliable picture of the business, and it is the foundation for tax filings, audits and fundraising.
Reliable accounts are the base for tax returns, audits, fundraising and management decisions. Errors and delays compound quickly as a business grows, adds entities or reports to a foreign parent.
M2K Advisors maintains your books, prepares financial statements and advises on reporting standards, including IFRS and Ind AS and the reporting needs of a company preparing to list. Our accounting team works alongside our tax and compliance specialists, so your numbers and your filings agree.
Regular, accurate recording of your transactions, with a monthly close you can trust.
Preparation of statutory and management financial statements that are complete, consistent and ready for audit.
Guidance on applying IFRS and Ind AS correctly, including conversions and technical accounting questions.
Financial reporting readiness and related advisory for companies preparing to go public.
The accounting questions that most often need specialist input.
Deciding when and how much revenue to record under the applicable standard.
Recognising right-of-use assets and lease liabilities and their effect on the accounts.
Classification, measurement and disclosure of loans, investments and derivatives.
Consolidation, intercompany eliminations and reporting to a parent company.
Identifying and disclosing related parties and their transactions.
Working papers and schedules that make the audit faster and smoother.
They include day-to-day book-keeping, monthly and annual closing, preparation of financial statements, management reporting, support through the audit, and technical advice on accounting standards such as IFRS and Ind AS.
Yes. We maintain the books, run the monthly close, reconcile your accounts and prepare the financial statements, so that your records are current and ready for tax and audit.
IFRS are the international accounting standards issued by the IASB. Ind AS are the Indian accounting standards, which are largely converged with IFRS, but with some differences. Which one applies depends on the entity, its size and where it reports.
Yes. We support first-time adoption and conversion, including gap analysis, accounting policies, technical queries and preparation of conversion statements.
We support the financial reporting side of an offering: reviewing historical financial information, supporting restatements and reconciliations, and checking that reporting and processes are ready for the scrutiny of a listing.
Yes. We prepare group reporting packs and reconcile local accounts to the parent's format and accounting standard, so the numbers your parent receives agree with your statutory filings.
Tax returns and filings are built from the accounts. When one firm handles both, differences between the books and the returns are found and resolved early, and there is less rework at year end.
We prepare the financial statements and working papers, and coordinate with your auditors through the process so queries are answered quickly.