Ind AS Automation
Get your complex Ind AS and IFS calculations automated, right form Data modelling, to Journal entry derivation.
Overview
The convergence of the Indian Generally Accepted Accounting Principles (IGAAP) to Indian Accounting Standards (Ind AS) marks a significant shift towards global financial reporting practices for Indian businesses. This transition requires organizations to manage complex changes in financial reporting while ensuring compliance with new standards and maintaining operational efficiency. At OnePoint, we understand the challenges associated with this transition and provide advanced automation solutions to simplify and streamline the convergence process. Our customized automation tools enable organizations to smoothly adapt to Ind AS, reduce manual effort, and minimize errors, ensuring accurate financial reporting and compliance.
Adjustments Covered
- Expected Credit Loss for Loan Assets
- Expected Credit Loss for Trade Receivables
- Lease Accounting
- Effective Interest Rate Adjustments
- Financial Instruments
- Revenue Recognition
- Financial Statements Disclosures
- Consolidation
Features
- Customisable for the unique accounting policies and requirements of your
- Synced to your accounting system
- Editable, according to the changes in accounting policies and assumptions