Rhapsody accounting and adviosry services profile 16 july 2011Presentation Transcript
Rhapsody Accounting and Advisory Services Company Profile
Rhapsody Accounting and Advisory services (or Rhapsody) incorporated in 2009 specializes in the following knowledge-based services:
Accounting and Advisory services
IFRS / IND AS
Education and training
To be amongst the top knowledge-based accounting, advisory and education services company catering to clients all across the world .
To deliver in the areas of accounting, advisory and Accounting education, high quality, relevant knowledge-based solutions and services under one umbrella
Accounting and Advisory
IFRS/ IND AS
End-to-end implementation/ conversion
Consultation on specific issues
ERP support on IFRS implementation
Purchase Price Allocation under Business combination
Closure of Accounts and Reporting
Preparation of high quality Financial Statements including notes
GAAP and Regulatory compliance
Coordinating and resolving audit queries
Transaction based accounting, for example, M&A, Business combinations, etc.
Asset impairment analysis
Our Services (contd.)
Accounting and Advisory (contd.)
One-Stop-Shop for Accounting, Research, Compliances etc.
Research and Analysis on complex accounting matters
SME - Connect ( Focusing on Micro/Small/Medium-sized Enterprises (MSMEs) )
Preparation/ Review of accounting for day-to-day transactions
Preparation/ Review of Journal Entries
Cash Flows/ Fund Flows
Actual Vs Budget Analysis
Ageing Reports, etc.
Trial Balance Review
Maintenance/ Review of Fixed Assets Register
Bank and Other Account Reconciliations
Compliances like TDS, Service tax, Sales tax, Excise duty, PF, ESI, etc.
XBRL Implementation Software Application
XBRL Implementation Outsourcing
Education and Training
Customised Accounting training for corporate clients, under IFRS (basic and advanced) and Indian GAAP
IFRS/ IND AS Certification Programmes for professionals and students focusing on exams like ACCA.
Content Development for Institutions - Training modules/ e-learning modules, other reference material .
Target clients - India
Advisory Services - IFRS
Listed and other Public interest entities
Subsidiaries of Holding companies to which IFRS applies – Group reporting etc.
Entities with Net worth > INR 500 crores
Other corporate groups seeking IFRS related services
Advisory Services – Other Accounting
SMEs looking for high quality and efficient routine accounting support on an ongoing basis
Large entities looking to obtain advisory services or opinion under complex situations
Accounting Solutions - XBRL
All Listed companies and their subsidiaries, or
Companies with paid-up capital > INR 5 crores
Companies with Turnover exceeding INR 100 crores
Education and training
Entities/Institutions/individuals looking for world-class IFRS and other GAAP accounting training
Target clients - International
Small and Medium Enterprises in Canada, US, UAE, Middle-East, or Singapore looking for IFRS accounting advisory in an efficient outsourcing/ offline model
CPA’s and practising firm of accountants looking for IFRS accounting advisory outsourcing/ offline model
Clients in Canada, US, UAE, Middle-East, or Singapore looking training in IFRS
Founder and CEO of Rhapsody Accounting & Advisory Services Pvt Ltd.
A member of the Institute of Chartered Accountants of India (ICAI) with over 15 years
experience working at organisations like KPMG, Deloitte’s, Olam International
Singapore and Spice.
Member of Technical Study group of Accounting Standard Board – ICAI
Faculty at ICAI for Advanced IFRS Certification course.
Faculty at CAG for IFRS trainings
Faculty on IFRS for MSOP at ICSI
Involved in more than thirty IFRS conversions etc. till date
Trained more than 900 professionals till date since July 2009
Trainer on IFRS at National Institute of Financial Management
Working on various IFRS related projects with American Institute of Certified Public Accountants (AICPA)
Consultant to ICAI-ARF for IFRS assignments.
Associated with the Institute of Internal Auditors in developing a Professional development programme on IFRS – Role of Internal Auditors.
Empanelled with PHD chambers of Commerce as advisor as well as a speaker on IFRS matters.
A core member of the IFRS conversion group and the private equity group while at KPMG.
An accredited all India IFRS trainer while at KPMG for over 4 years training all levels of staff up to partners.
Our Core team (contd.)
Qualified as Chartered Accountant in 2002.
Kangan is the VP Operations focussing on content development, management
and training divisions at Rhapsody
Over 8 years of experience working at organisations like KPMG and Fidelity
Corporate IFRS trainer at Rhapsody
Involved in more than 6 conversion programmes
Led audit assignments while at KPMG. Cross-sector experience in audit.
Trained staff at KPMG on audit methodology.
Senior valuation professional at Fidelity with experience across sectors like healthcare, pharma and telecom in Europe that have already adopted IFRS.
Trainer for financial modelling and important accounting/ valuation concepts at Fidelity
Cleared CFA level 1 exam from CFA Institute, USA
Qualified Valuer certified by ICAI
Our Core team
A fellow member of ICAI & is Bachelors in Electronics Engineering and DISA
from ICAI. Has more than 12 years of experience in Audit Services &
IT consulting in Package implementation space .
Recently has been focusing on IFRS Conversion services by bringing in his Project Management and Techno- Functional skills for IFRS implementations
Currently executing an IFRS Conversion Project for Monnet Ispat and Energy Limited
Prior to IFRS, Has been focusing on Enterprise Risk management services (Internal Audits, SOX, Systems Audit, ERP Reviews, Implementation of Internal Control Mechanisms in an computerized environment) and has served large corporate like VEDANTA (BALCO), SEML, CENTURY TEXTILES, KAJARIA CEREMICS, GODAWARI POWER, VANDANA GLOBAL, MONNET ISPAT & ENERGY
Has a strong Project Management skills and functional expertise in ERP packages especially SAP ECC6.0 and Oracle applications 11i
Has worked with Infosys Technologies as Senior Consultant in Enterprise Solutions group for more than 6 years and has served Fortune 500 companies like TOSHIBA, NORDSTROM, ASTEC, EMERSONS, SALOMAN
Our Core team (contd.)
Pooja is Chartered Accountant qualified in 1997. She has completed Company
Secretary and LL.B and has done Masters in Finance from Frankfurt University in
She has written a book “Financial Instrument Standards – A Guide on IAS 32, IAs 39 and IFRS 7” which is published by TATA McGraw Hill and is sold across the globe not limited to India only.
She was worked with multinational foreign banks at a senior position in Mumbai. Earlier she has worked with PWC in Frankfurt (Germany) and Barcelona (Spain) on IFRS projects.
Faculty at IES Management College & Research Centre – accredited by Mumbai University on “Derivatives & Risk Management” and speaker at various platform on IFRS including the International Banking Conclave organized by IMC (Indian Merchants’ Chambers) and other corporate training forums.
Ex-member of Accounting Standards Board of India & of CFO sub group constituted by Ministry of Corporate Affairs.
Ex- Regional Council Member (Western Region).
Columnist with Financial Express and Hindu Business line
Specific work experience: Standard Chartered Bank, Societe Generale, DBOI, Tata Projects ICAI. International Fund Services (IFS) & Citigroup Global
Our Competitive edge
Experience of the leadership and the core team
Technical, client management and people management experience of 9-15 yrs in the areas of audit under Indian GAAP, IFRS, due diligence reviews and Private Equity Space
Online review , Quick response time and practical, prudent and technically acceptable decision making to close the jobs quickly
Highly trained core and field level team comprising of motivated professionals along with a knowledge base/Technical centre to track, evaluate and interpret latest developments in the dynamic world of IFRS
A motivated team and quick response time to close the job would mean significant cost savings
Our clients come back to us again and again….
Advantages of Having us on Board
Technical Capabilities :
Credentials of Rhapsody
Credentials, experience and training capabilities of Team members
Project management capabilities of team members of Rhapsody
Significant dedicated time of top management
Local team based out of Delhi/Mumbai/Indore/Raipur
Friction less interactions between Rhapsody and Auditors and ERP consultants
No Conflict of Interest with statutory and Internal Auditors
Ability to close most difficult of accounting situations/issues technically and to the satisfaction of the clients.
This means Assured Quality at Reasonable cost
Since we commenced our operations formally in July 2009, we have had the honour of having the following as our clients:
Bhushan Power and Steel Limited
Bhushan Steel Ltd.
Chandra investment Group (CIG) – A Real Estate USD 300 mn PE fund
S Tel Private Limited
Lifetree/ Tecnotree India
Aditya Birla Group
Institutions like ICAI, C&AG, ICSI, NIFM, IIA, ICPA(USA)
Many more in the pipeline
Let’s Re figure
Our Contact details:
Rhapsody Accounting and Advisory Services Private Limited