International Financial Reporting Standards (IFRS)

Global Standards. Clear Reporting

International Financial Reporting Standards provide a common accounting language used by companies across the world, making financial statements more comparable for investors, lenders, and business partners operating across borders. For Indian companies with overseas subsidiaries, foreign parent companies, or plans to raise capital internationally, understanding how IFRS applies to their financial reporting is essential to staying credible with a global audience.

Why This Matters

Companies that report only under local accounting standards can face friction when dealing with international investors, overseas group reporting requirements, or cross-border transactions, since figures prepared under different frameworks are not always directly comparable. Getting IFRS conversion, reporting, and disclosure right avoids restatements, keeps group consolidations accurate, and builds confidence with international stakeholders.

How We Help

IFRS Conversion and Transition

We assist companies moving from Indian accounting standards to IFRS, including impact assessment, restated opening balances, and the process changes needed to sustain IFRS reporting going forward.

Group Reporting Support

For Indian subsidiaries of foreign parent companies, we help prepare IFRS-compliant reporting packages for group consolidation purposes, in line with the parent company's reporting calendar and requirements.

Technical Accounting Advisory

We advise on the application of specific IFRS standards to complex transactions, such as revenue recognition, leases, financial instruments, and business combinations.

Training and Capability Building

We help finance teams build the in-house knowledge needed to apply IFRS confidently and consistently across reporting periods.

Who Needs This

• Indian subsidiaries of multinational or foreign-parented groups
• Companies planning to raise capital from international investors
• Businesses converting from Indian GAAP or Ind AS to IFRS
• Finance teams needing ongoing technical support on specific IFRS standards

Our Approach

We combine technical accounting knowledge with practical experience of how IFRS is actually applied in cross-border group reporting, so that the advice we give is not just theoretically correct but workable within a company's existing systems and reporting timelines.

Get in Touch

To discuss IFRS reporting and advisory support for your business, write to us at info@agarwalurs.com.