Books that reconcile between Indian, US, and IFRS reporting.
Indian companies meeting prescribed thresholds must report under Indian Accounting Standards (Ind AS), which converge largely with IFRS. Foreign-owned subsidiaries also need to report to their parent under US GAAP, IFRS, or another national GAAP. The differences revenue recognition, lease accounting under Ind AS 116, financial instruments under Ind AS 109, employee benefit measurement, share-based payments produce reconciling items that must be quantified, documented, and audited every period.
Bizztricks Management Consulting Private Limited maintains parallel ledgers or month-end reconciliation schedules that bridge the Indian books to the parents reporting framework, and supports the year-end audit on both sides.
What Bizztricks Management Consulting Private Limited Offers
• Ind AS applicability assessment based on net worth, listing status, and parent thresholds
• First-time adoption support opening balance sheet adjustments and Ind AS 101 transition disclosures
• GAAP-to-GAAP bridge schedules between Indian GAAP / Ind AS and US GAAP or IFRS
• Lease accounting under Ind AS 116 / IFRS 16 right-of-use asset and lease liability schedules
• Financial instruments measurement under Ind AS 109 expected credit loss, fair value through P&L
• Employee benefit valuation coordination with actuaries gratuity, leave encashment, and post-employment benefits
• Disclosure note preparation for both Indian statutory accounts and parent reporting packs