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Rhapsody accounting and adviosry services profile 16 july 2011


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Rhapsody accounting and adviosry services profile 16 july 2011

  1. 1. Rhapsody Accounting and Advisory Services Company Profile
  2. 2. Contents <ul><ul><ul><li>About us </li></ul></ul></ul><ul><ul><ul><li>Services </li></ul></ul></ul><ul><ul><ul><li>Target clients </li></ul></ul></ul><ul><ul><ul><li>Team </li></ul></ul></ul><ul><ul><ul><li>Competitive edge </li></ul></ul></ul><ul><ul><ul><li>Credentials </li></ul></ul></ul><ul><ul><ul><li>Contact Details </li></ul></ul></ul>
  3. 3. About us <ul><li>Rhapsody Accounting and Advisory services (or Rhapsody) incorporated in 2009 specializes in the following knowledge-based services: </li></ul><ul><ul><ul><li>Accounting and Advisory services </li></ul></ul></ul><ul><ul><ul><ul><li>IFRS / IND AS </li></ul></ul></ul></ul><ul><ul><ul><ul><li>GAAP/ Accounting </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Accounting Research </li></ul></ul></ul></ul><ul><ul><ul><li>Accounting solutions </li></ul></ul></ul><ul><ul><ul><ul><li>XBRL </li></ul></ul></ul></ul><ul><ul><ul><li>Education and training </li></ul></ul></ul><ul><ul><ul><ul><li>IFRS </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Indian GAAP </li></ul></ul></ul></ul><ul><ul><ul><li>Our Vision </li></ul></ul></ul><ul><ul><ul><li>To be amongst the top knowledge-based accounting, advisory and education services company catering to clients all across the world . </li></ul></ul></ul><ul><ul><ul><li>Our Mission </li></ul></ul></ul><ul><ul><ul><li>To deliver in the areas of accounting, advisory and Accounting education, high quality, relevant knowledge-based solutions and services under one umbrella </li></ul></ul></ul>
  4. 4. Our Services <ul><li>Accounting and Advisory </li></ul><ul><ul><li>IFRS/ IND AS </li></ul></ul><ul><ul><ul><li>End-to-end implementation/ conversion </li></ul></ul></ul><ul><ul><ul><li>Consultation on specific issues </li></ul></ul></ul><ul><ul><ul><li>ERP support on IFRS implementation </li></ul></ul></ul><ul><ul><ul><li>Purchase Price Allocation under Business combination </li></ul></ul></ul><ul><ul><ul><li>Group Reporting </li></ul></ul></ul><ul><ul><li>Closure of Accounts and Reporting </li></ul></ul><ul><ul><ul><li>Preparation of high quality Financial Statements including notes </li></ul></ul></ul><ul><ul><ul><li>Consolidation </li></ul></ul></ul><ul><ul><ul><li>GAAP and Regulatory compliance </li></ul></ul></ul><ul><ul><ul><li>Coordinating and resolving audit queries </li></ul></ul></ul><ul><ul><li>Specialised Accounting </li></ul></ul><ul><ul><ul><li>Transaction based accounting, for example, M&A, Business combinations, etc. </li></ul></ul></ul><ul><ul><ul><li>Asset impairment analysis </li></ul></ul></ul>
  5. 5. Our Services (contd.) <ul><li>Accounting and Advisory (contd.) </li></ul><ul><ul><li>Resource Centre </li></ul></ul><ul><ul><ul><li>One-Stop-Shop for Accounting, Research, Compliances etc. </li></ul></ul></ul><ul><ul><ul><li>Research and Analysis on complex accounting matters </li></ul></ul></ul><ul><ul><li>SME - Connect ( Focusing on Micro/Small/Medium-sized Enterprises (MSMEs) ) </li></ul></ul><ul><ul><ul><li>Preparation/ Review of accounting for day-to-day transactions </li></ul></ul></ul><ul><ul><ul><li>Preparation/ Review of Journal Entries </li></ul></ul></ul><ul><ul><ul><li>Monthly MIS </li></ul></ul></ul><ul><ul><ul><ul><li>Cash Flows/ Fund Flows </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Actual Vs Budget Analysis </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Ageing Reports, etc. </li></ul></ul></ul></ul><ul><ul><ul><li>Trial Balance Review </li></ul></ul></ul><ul><ul><ul><li>Maintenance/ Review of Fixed Assets Register </li></ul></ul></ul><ul><ul><ul><li>Bank and Other Account Reconciliations </li></ul></ul></ul><ul><ul><ul><li>Compliances like TDS, Service tax, Sales tax, Excise duty, PF, ESI, etc. </li></ul></ul></ul>
  6. 6. Our Services <ul><li>Accounting Solutions </li></ul><ul><ul><li>XBRL Implementation Software Application </li></ul></ul><ul><ul><li>XBRL Implementation Outsourcing </li></ul></ul><ul><ul><ul><li>Mapping </li></ul></ul></ul><ul><ul><ul><li>Tagging </li></ul></ul></ul><ul><ul><ul><li>Validation </li></ul></ul></ul><ul><ul><ul><li>Filing </li></ul></ul></ul><ul><li>XBRL Training </li></ul><ul><li>Education and Training </li></ul><ul><ul><li>Customised Accounting training for corporate clients, under IFRS (basic and advanced) and Indian GAAP </li></ul></ul><ul><ul><li>IFRS/ IND AS Certification Programmes for professionals and students focusing on exams like ACCA. </li></ul></ul><ul><ul><li>Content Development for Institutions - Training modules/ e-learning modules, other reference material . </li></ul></ul>
  7. 7. Target clients - India <ul><li>Advisory Services - IFRS </li></ul><ul><li>Listed and other Public interest entities </li></ul><ul><li>Subsidiaries of Holding companies to which IFRS applies – Group reporting etc. </li></ul><ul><li>Entities with Net worth > INR 500 crores </li></ul><ul><li>Other corporate groups seeking IFRS related services </li></ul><ul><li>Advisory Services – Other Accounting </li></ul><ul><li>SMEs looking for high quality and efficient routine accounting support on an ongoing basis </li></ul><ul><li>Large entities looking to obtain advisory services or opinion under complex situations </li></ul><ul><li>Accounting Solutions - XBRL </li></ul><ul><li>All Listed companies and their subsidiaries, or </li></ul><ul><li>Companies with paid-up capital > INR 5 crores </li></ul><ul><li>Companies with Turnover exceeding INR 100 crores </li></ul><ul><li>Education and training </li></ul><ul><li>Entities/Institutions/individuals looking for world-class IFRS and other GAAP accounting training </li></ul>
  8. 8. Target clients - International <ul><li>Small and Medium Enterprises in Canada, US, UAE, Middle-East, or Singapore looking for IFRS accounting advisory in an efficient outsourcing/ offline model </li></ul><ul><li>CPA’s and practising firm of accountants looking for IFRS accounting advisory outsourcing/ offline model </li></ul><ul><li>Clients in Canada, US, UAE, Middle-East, or Singapore looking training in IFRS </li></ul>
  9. 9. Our leadership.. <ul><li>Founder and CEO of Rhapsody Accounting & Advisory Services Pvt Ltd. </li></ul><ul><li>A member of the Institute of Chartered Accountants of India (ICAI) with over 15 years </li></ul><ul><li>experience working at organisations like KPMG, Deloitte’s, Olam International </li></ul><ul><li>Singapore and Spice. </li></ul><ul><li>Member of Technical Study group of Accounting Standard Board – ICAI </li></ul><ul><li>Faculty at ICAI for Advanced IFRS Certification course. </li></ul><ul><li>Faculty at CAG for IFRS trainings </li></ul><ul><li>Faculty on IFRS for MSOP at ICSI </li></ul><ul><li>Involved in more than thirty IFRS conversions etc. till date </li></ul><ul><li>Trained more than 900 professionals till date since July 2009 </li></ul><ul><li>Trainer on IFRS at National Institute of Financial Management </li></ul><ul><li>Working on various IFRS related projects with American Institute of Certified Public Accountants (AICPA) </li></ul><ul><li>Consultant to ICAI-ARF for IFRS assignments. </li></ul><ul><li>Associated with the Institute of Internal Auditors in developing a Professional development programme on IFRS – Role of Internal Auditors. </li></ul><ul><li>Empanelled with PHD chambers of Commerce as advisor as well as a speaker on IFRS matters. </li></ul><ul><li>A core member of the IFRS conversion group and the private equity group while at KPMG. </li></ul><ul><li>An accredited all India IFRS trainer while at KPMG for over 4 years training all levels of staff up to partners. </li></ul><ul><li>  </li></ul>
  10. 10. Our Core team (contd.) <ul><li>Kangan Khanna </li></ul><ul><li>Qualified as Chartered Accountant in 2002. </li></ul><ul><li>Kangan is the VP Operations focussing on content development, management </li></ul><ul><li>and training divisions at Rhapsody </li></ul><ul><li>Over 8 years of experience working at organisations like KPMG and Fidelity </li></ul><ul><li>Corporate IFRS trainer at Rhapsody </li></ul><ul><li>Involved in more than 6 conversion programmes </li></ul><ul><li>Led audit assignments while at KPMG. Cross-sector experience in audit. </li></ul><ul><li>Trained staff at KPMG on audit methodology. </li></ul><ul><li>Senior valuation professional at Fidelity with experience across sectors like healthcare, pharma and telecom in Europe that have already adopted IFRS. </li></ul><ul><li>Trainer for financial modelling and important accounting/ valuation concepts at Fidelity </li></ul><ul><li>Cleared CFA level 1 exam from CFA Institute, USA </li></ul><ul><li>Qualified Valuer certified by ICAI </li></ul><ul><li>  </li></ul>
  11. 11. Our Core team <ul><li>Abhishek Mahawar </li></ul><ul><ul><li>A fellow member of ICAI & is Bachelors in Electronics Engineering and DISA </li></ul></ul><ul><ul><li>from ICAI. Has more than 12 years of experience in Audit Services & </li></ul></ul><ul><ul><li>IT consulting in Package implementation space . </li></ul></ul><ul><ul><li>Recently has been focusing on IFRS Conversion services by bringing in his Project Management and Techno- Functional skills for IFRS implementations </li></ul></ul><ul><ul><li>Currently executing an IFRS Conversion Project for Monnet Ispat and Energy Limited </li></ul></ul><ul><ul><li>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 </li></ul></ul><ul><ul><li>Has a strong Project Management skills and functional expertise in ERP packages especially SAP ECC6.0 and Oracle applications 11i </li></ul></ul><ul><ul><li>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 </li></ul></ul>
  12. 12. Our Core team (contd.) <ul><li>Pooja Gupta </li></ul><ul><ul><li>Pooja is Chartered Accountant qualified in 1997. She has completed Company </li></ul></ul><ul><ul><li>Secretary and LL.B and has done Masters in Finance from Frankfurt University in </li></ul></ul><ul><ul><li>Germany. </li></ul></ul><ul><ul><li>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. </li></ul></ul><ul><ul><li>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. </li></ul></ul><ul><ul><li>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. </li></ul></ul><ul><ul><li>Ex-member of Accounting Standards Board of India & of CFO sub group constituted by Ministry of Corporate Affairs. </li></ul></ul><ul><ul><li>Ex- Regional Council Member (Western Region). </li></ul></ul><ul><ul><li>Columnist with Financial Express and Hindu Business line </li></ul></ul><ul><ul><li>Specific work experience: Standard Chartered Bank, Societe Generale, DBOI, Tata Projects ICAI. International Fund Services (IFS) & Citigroup Global </li></ul></ul>
  13. 13. Our Competitive edge <ul><li>Experience of the leadership and the core team </li></ul><ul><ul><li>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 </li></ul></ul><ul><li>Assured service </li></ul><ul><ul><li>Online review , Quick response time and practical, prudent and technically acceptable decision making to close the jobs quickly </li></ul></ul><ul><li>Trained team </li></ul><ul><ul><li>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 </li></ul></ul><ul><li>Reasonable Costs </li></ul><ul><ul><li>A motivated team and quick response time to close the job would mean significant cost savings </li></ul></ul><ul><ul><li>Our clients come back to us again and again…. </li></ul></ul>
  14. 14. Advantages of Having us on Board <ul><li>Technical Capabilities : </li></ul><ul><li>Credentials of Rhapsody </li></ul><ul><li>Credentials, experience and training capabilities of Team members </li></ul><ul><li>Operational Capabilities: </li></ul><ul><li>Project management capabilities of team members of Rhapsody </li></ul><ul><li>Significant dedicated time of top management </li></ul><ul><li>Local team based out of Delhi/Mumbai/Indore/Raipur </li></ul><ul><li>Friction less interactions between Rhapsody and Auditors and ERP consultants </li></ul><ul><li>No Conflict of Interest with statutory and Internal Auditors </li></ul><ul><li>Ability to close most difficult of accounting situations/issues technically and to the satisfaction of the clients. </li></ul><ul><li>Commercial considerations: </li></ul><ul><li>Extremely competitive </li></ul><ul><li>This means Assured Quality at Reasonable cost </li></ul>
  15. 15. Our Credentials <ul><li>Since we commenced our operations formally in July 2009, we have had the honour of having the following as our clients: </li></ul><ul><li>Spice Group </li></ul><ul><li>Bhushan Power and Steel Limited </li></ul><ul><li>Bhushan Steel Ltd. </li></ul><ul><li>NHPC Ltd. </li></ul><ul><li>Monnet Ispat </li></ul><ul><li>Unitech Group </li></ul><ul><li>Chandra investment Group (CIG) – A Real Estate USD 300 mn PE fund </li></ul><ul><li>S Tel Private Limited </li></ul><ul><li>adidas </li></ul><ul><li>Reebok </li></ul><ul><li>Indigo Airlines </li></ul><ul><li>Lifetree/ Tecnotree India </li></ul><ul><li>Siemens </li></ul><ul><li>Aditya Birla Group </li></ul><ul><li>Institutions like ICAI, C&AG, ICSI, NIFM, IIA, ICPA(USA) </li></ul><ul><li>Many more in the pipeline </li></ul>
  16. 16. Let’s Re figure <ul><li>Our Contact details: </li></ul><ul><li>Rhapsody Accounting and Advisory Services Private Limited </li></ul><ul><li>Registered Office: </li></ul><ul><li>D-42, Navkunj Apartments, 87, I.P Extension, Delhi 110092 </li></ul><ul><li>Corporate Office: </li></ul><ul><li>A-109, First Floor, Shivalik, Sector 35, Noida 210 301 </li></ul><ul><li>Our Website / web pages: </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li>Contact Person : Kangan Khanna </li></ul><ul><li>Our Contact Numbers : </li></ul><ul><li>(o): +91-120-4235138 </li></ul><ul><li>(m): +91-9810306995 </li></ul><ul><li>: +91-9810506995 </li></ul>