Consult Us
Consult Us
IFRS

Our Solutions

  • Comprehensive GAAP Conversion (e.g., Local GAAP to IFRS/US GAAP)
  • Multi-Entity Global Financial Consolidation
  • Cross-Border Foreign Currency Translation & Adjustments
  • Footnotes & Regulatory Disclosure Notes Drafting
  • Revenue Recognition Alignments (ASC 606 / IFRS 15)
  • Lease Accounting Standard Updates (ASC 842 / IFRS 16)
  • Financial Instrument Classification & Valuation
  • Consolidated Statements of Cash Flows Preparation
  • Board-ready Investor Disclosure Pack Development

Why Align with Global Standards?

Operating globally or raising capital overseas requires reporting under universally understood frameworks like IFRS or US GAAP. Our conversion and consolidation systems ensure your numbers speak a compliant, investor-ready language.

  • High Credibility with International Venture Capitalists.
  • Completely Compliant Multi-country Subsidiary Consolidation.
  • Proactive Compliance with SEC, ACRA, and European Regulators.
  • Structured, Auditable Conversion Workpapers and Adjustments.
  • Expert Handling of Complex Lease and Revenue Standards.
  • Timely, Scalable Board Disclosure Packages.
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How It Works

Simplified 4-Step Global Reporting Workflow

Ledger Assessment

We analyze your domestic chart of accounts, local accounting standards, and transaction types.

01
Ledger Assessment
Mapping & Alignment

Our experts design standard mapping charts, configure conversion variables, and set up consolidation templates.

02
Mapping & Alignment
Conversion & Consolidation

We apply foreign currency adjustments, adjust lease/revenue entries, and consolidate entity trials.

03
Conversion & Consolidation
Disclosure Package

We prepare consolidated cash flow models and draft full disclosure notes and footnotes for auditors.

04
Disclosure Package
Our Leadership

Global Financial Leaders
& Advisory Experts

Dheeraj Khandelwal, FCA
Co-Founder
dhiraj@cbsbharat.com
Piyush Patni, FCA, ACS, DISA
Co-Founder
piyush@cbsbharat.com
Shailendra Dadhich, FCA
Co-Founder
shailendra@cbsbharat.com
Pawan Kumar Gupta, FCA
Senior Business Consultant
hello@cbsbharat.com
Vivek Saraogi, FCA, ACA (ICAEW)
Associate Partner – UK
hello@cbsbharat.com
Rakesh Jain, FCA, CPA (USA)
Associate Partner – USA
hello@cbsbharat.com
Zeal Karwa, CVA
Associate Partner – Valuation
hello@cbsbharat.com
Pratik Dhanesha, CPA
Associate Partner – New York
hello@cbsbharat.com
Chirag Agarwal, ACA
Associate Partner – Dubai
hello@cbsbharat.com
Sunil Kanchhal, HKICPA, CPA (USA), CPA (AUS), FCA (India)
Associate Partner – Hongkong
hello@cbsbharat.com
Our Leadership

Global Financial Leaders & Advisory Experts

Dheeraj Khandelwal, FCA
Co-Founder
dhiraj@cbsbharat.com
Piyush Patni, FCA, ACS, DISA
Co-Founder
piyush@cbsbharat.com
Shailendra Dadhich, FCA
Co-Founder
shailendra@cbsbharat.com
Pawan Kumar Gupta, FCA
Senior Business Consultant
hello@cbsbharat.com
Vivek Saraogi, FCA, ACA (ICAEW)
Associate Partner – UK
hello@cbsbharat.com
Rakesh Jain, FCA, CPA (USA)
Associate Partner – USA
hello@cbsbharat.com
Zeal Karwa, CVA
Associate Partner – Valuation
hello@cbsbharat.com
Pratik Dhanesha, CPA
Associate Partner – New York
hello@cbsbharat.com
Chirag Agarwal, ACA
Associate Partner – Dubai
hello@cbsbharat.com
Sunil Kanchhal, HKICPA, CPA (USA), CPA (AUS), FCA (India)
Associate Partner – Hongkong
hello@cbsbharat.com
Our Clients

Trusted by Reputed Companies
& Global Entities

Why Choose CBS Bharat?

Your Trusted Partner for Seamless Business Setup, Compliance, and Accelerated Growth

Create|Build|Sustain

Our Key Advantages

  • Global Expertise & Network
  • Cross-Border Advisory
  • Technology-Driven Operations
  • Compliance-Focused
  • Experienced Leadership
  • Scalable Offshore Delivery
Faq Section

Frequently Asked Questions

Expand All/Collapse All

IFRS is a principle-based framework utilized in over 140 countries (including Europe, UK, UAE, and Singapore). US GAAP is a rule-based framework mandated for all companies registered or operating in the United States. Your selection depends on where your parent company is incorporated, where you intend to raise capital, and where your primary board is located. We assist in structuring reports for both standard sets.

We perform a thorough GAAP gap analysis to evaluate key operational changes (e.g., revenue recognition under ASC 606 vs. Ind AS, lease accounting adjustments under ASC 842 vs. IGAAP). We then establish clear adjusting journal entries (AJEs) and map your trial balance to standard reporting rows, providing full audit trails for each modification.

For firms with subsidiaries across different countries, consolidation involves merging separate trials into a single master statement. We configure automated multi-tier entity structures that eliminate intercompany balances, clear cross-entity loans, adjust for minority interests, and consolidate general ledgers accurately.

We leverage compliant translation standards (such as ASC 830 / IAS 21) where balance sheets are converted at month-end close rates, and income statements are converted at average historical rates. The resulting variances are posted as Cumulative Translation Adjustments (CTA) inside the Equity section, preventing foreign exchange anomalies.

Yes. In global reporting, footnotes are just as critical as the financial tables. We draft comprehensive footnote disclosure packages, covering related-party transactions, share-based compensations (ESOPs), fair value measurements, lease liabilities, and potential contingent tax liabilities.

Absolutely. We set up ongoing reporting retainers where we perform month-end financial closes, run translations and consolidations, and deliver final board disclosure packages within a set number of business days, giving your investors high-fidelity insights every month.
CBS Bharat | IFRS & US GAAP Reporting Services