Sanjay Kumar Jha & Associates

Fraser Road, Patna, Bihar

IFRS  adoption is not an accounting exercise — it’s a fundamental shift in how the company  operate that affects virtually every function within an organization. In fact, through the IFRS conversion the company has to review, streamline and improve all aspects of accounting, reporting and related  compliance and information technology processes. An effective IFRS conversion process begins with an accounting diagnostic: a high-level analysis of a company’s individual systems that assesses the effect conversion may have on all aspects of the business. Among the areas that will require review are: Management  Reporting System: Management reporting is a complex action that involves other business processes and makes use of a variety of information systems — from general documentation and financial control to internal communications. Changes in the processing and summarization of data in accordance with IFRS must be fully embedded in back offices and general ledger systems. This can require fundamental system changes that can reverberate across the company. Tax planning: Companies will need to review their tax planning strategies to determine whether they are in alignment with any organizational changes created by the IFRS conversion. Employee and executive compensation: Because IFRS may result in significant changes to a company’s financial results, the amount of compensation calculated and paid under performance-based executive and employee bonus plans may be materially different. Key performance indicators (KPIs) and investor relations: Companies will need to understand and quantify the prospective impact on their KPIs that may result from adopting IFRS and determine the appropriate message for investors. Organization and people: The conversion process requires analysis, time and resources. The company must provide relevant education and training to members of the accounting and finance organization to meet their new technical knowledge needs, as well as to facilitate the roll-out of accounting policy changes and the associated revised business processes and procedures. ERP Configuration: IFRS implementation will either require reconfiguration of existing ERP system to comply with the changes required. As apparent,   the  IFRS implementation will require different arenas of professionals to work together. RJCC works as a single window  having versatility in its talent resources & experience, capable of providing inception to end solutions & post implementation support customized to client’s needs. We strive to provide practical solutions to all the requirements of the client.

We provide accounting services.

The company provides highly competent Business Financial Services . We have rich industry experience in providing our customers competitive services that benefit the smooth functioning of the clients’ firms. Our experts first carefully analyze current situations and accordingly help in preparing project reports. Our team also helps us to take care of loan arrangement needs like term loan, cash credit limit and project loan. The company offers due diligence for finance as well as valuation of shares as well, as part of its Business Financial Services.

We are one of the prominent firms engaged in providing Merger & Acquisition Services . These services are rendered by our experts, who are appreciated in the market for their reliability and timely & proper execution. Before rendering our services of Merger & Acquisition Services, these analysts and experts properly plan the entire process, in order to understand exact requirements of clients. Clients can avail Merger & Acquisition Services from our organization at the most competitive market prices.

We are providers of competent Accounting Services, which include auditing and assurance services support. The in-depth process knowledge of our personnel allows us to achieve complete financial stability of clients as well as take care of their decision making abilities. Further, we also ensure that Audit and Assurance Services provided by us are in compliance with defined legal environment. Audit and Assurance Services offered by us includes Auditing & Assurance Services, Statutory Audit, Internal Audit, System & Management Audit, Concurrent and Income & Expenditure Audit, Bank Audit, Stock Audit, Due Diligence and Certification Work.

The company is a trusted provider of IFRS Accounting Services . IFRS adoption is not an accounting exercise; it is a fundamental shift in how the company operates that affects virtually every function within an organization. In fact, through IFRS conversion, the company has to review, streamline and improve all aspects of accounting, reporting and related compliance and information technology processes. An effective IFRS conversion process begins with an accounting diagnostic: a high-level analysis of a company’s individual systems that assesses the effect conversion may have on all aspects of the business. Among the areas that will require review are : Management Reporting System : Management reporting is a complex action that involves other business processes and makes use of a variety of information systems, from general documentation and financial control to internal communications. Changes in the processing and summarization of data in accordance with IFRS must be fully embedded in back offices and general ledger systems. This can require fundamental system changes that can reverberate across the company. Tax planning : Companies will need to review their tax planning strategies to determine whether they are in alignment with any organizational changes created by the IFRS conversion. Employee and executive compensation : Because IFRS may result in significant changes to a company’s financial results, the amount of compensation calculated and paid under performance-based executive and employee bonus plans may be materially different. Key performance indicators (KPIs) and investor relations : Companies will need to understand and quantify the prospective impact on their KPIs that may result from adopting IFRS and determine the appropriate message for investors. Organization and people : The conversion process requires analysis, time and resources. The company must provide relevant education and training to members of the accounting and finance organization to meet their new technical knowledge needs, as well as to facilitate the roll-out of accounting policy changes and the associated revised business processes and procedures. ERP Configuration : IFRS implementation will either require reconfiguration of existing ERP system to comply with the changes required. As apparent, the IFRS implementation requires different arenas of professionals to work together. Our company works as a single window having versatility in its talent resources & experience, capable of providing inception to end solutions & post implementation support customized to clients’ needs. We strive to provide practical solutions to all the requirements of the clients.

We are a renowned establishment, based in Patna, Bihar, and are engaged in the provision of XBRL Accounting Services . We provide XBRL Accounting Services with the aid of a team of experienced professionals. XBRL Accounting Services provide by us includes XBRL conversion and filing of annual accounts as per the latest regulations by the MCA. We make our XBRL Accounting Services available at the best prices in the market. The following companies fall in the ambit of mandatory filing of accounts in XBRL format from FY 2010-11 : All companies Listed in India & their Indian Subsidiaries All companies having a paid up capital of INR 5 crore & above All companies having a turnover of INR 100 crore and above

We offer Direct and Indirect Taxation Services , which includes Direct Tax, VAT, GST, Service Tax, to various account departments of several organizations and industries. We offer Direct and Indirect Taxation as per the complete specification provided by the organization. The company evaluates and formulates effective tax strategies and tax planning measures for both Direct and Indirect Taxation tasks. The firm also renders dedicated and personalized services like Taxation Advisory Services for both corporate and Non-corporate clients on their Indian Income Tax and Foreign Taxation.  We engage in advising clients on structuring tax-efficient business planning, including restructuring of business like amalgamations/ mergers etc.

We provide International Taxation Services that are handled by experienced professionals. These analysts and experts take immense care in offering International Taxation services and follow the latest methods that have been introduced into the industry. Some of the attributes that we follow in the process of offering this service are Cross-border issues and International Tax Treaty, as part of International Taxation services. International Taxation services are made available to clients at the best prices in the market.