ACCOUNTING & AUDIT

* ACCOUNTS & RECORDS

1. Procedure of Recording, Classifying and Summarizing all transactions & events.

2. Introduction and Implementation of Accounting System, Methods of Accounting under legal requirements either manually or computerized on fundamental rules & principles.

3. Carry out Training programs on continuous process and maintenance of Accounts.

4. Applicability of Accounting Standards

5. Maintenance of mandatory records relating to Assets, Liabilities, Purchases, Sales, Labor, Energy and Expenditure

* FINANCIAL, COST & MANAGEMENT ACCOUNTS

1. Introduction & Implementation of Branches under Accounting System – Financial / Cost / Management for Integration and Controlling purposes to attain the targets of client objects.

2. Carry out Training programs and departmental procedures for each branch to ensure needs and requirements of the client objects.

3. Coordinate with department executives for internal performance analysis.

4. Support for communicating and nurture client activities

* ANALYSIS & REPORTS -

1. Preparation of Final Accounts to ascertain true and fair results of the operations relating to Assets, Liabilities, Income and Expenditure either annually or periodically

2. Compilation, Controls & Reconciliation of the budgetary and actual of all transactions & events.

3. Computation of the Analysis and derive the following statements of Accounts as per relevant legal Rules & Regulations under -

* AUDIT –

1. Audit procedures adopting Auditing & Assurance Standards for evaluating evidences and performance of client operations.

2. Carrying out Audit of Secretarial, Management, Systems, Statutory, Internal, Concurrent and Tax subjects in view of client operations

3. True and Fair Report of the operations position in conformity with the legal stipulations

4. Certifying compliances as per legal requirements for the client objects and performance.

TAXATION

* DIRECT & INDIRCT TAXES

1. Application of principles and provisions of Direct & Indirect Tax laws relating to the client objects and performance

2. Applicability of client status and identity, Formation as per legal requirements and obtain necessary Registration / Recognition Certificates

3. Audit of client operations for tax purposes / compliances and furnish the Report in the prescribed legal format

4. Computation of tax liability under Company Law, Income Tax, Wealth Tax and Gift Tax provisions

5. Computation of tax liability under Sales Tax, Central Excise Tax, Service Tax and Customs Duty provisions

6. Computation of periodical tax dues and coordinate submission of mandatory returns to the respective tax authorities in the prescribed format within the specified period.

7. Liaison with concerned authorities regarding hearing, assessment, revision, refund, appeal and remedies

* COMMERCIAL AND BUSINESS LAWS

1. Application of principles and provisions of Commercial & Business laws relating to the client objects and performance

2. Applicability of Laws regarding Commercial, Economic, Industrial, Labor, Banking, Insurance and related subjects in connection with client affairs

3. Applicability of client status and identity, Formation as per legal requirements and obtain necessary registration / recognition certificates

4. Audit of client operations for corresponding Law Regulations / Compliances and furnish the Reports / Statements in the prescribed legal format

5. Submit the mandatory returns in the prescribed format within the specified limits

6. Liaison with concerned authorities regarding permissions, approvals, sanctions, revision, appeal and remedies

* TAX PLANNING

1. Concept of Tax Planning in context of court decisions and legislative amendments.

2. Setting-up of business based on Location, Nature, Infrastructure, Concessions, Tax holiday benefits, Limitations, Banking and related Aspects

3. Specific investment decisions to create or buy or sell – own, ancestral, lease or hire - regarding Movables and Immovable in connection with Capital Gains Tax, Gift Tax or other Property Laws.

4. Financial administration decisions regarding Constitution, Capital structure, Tax incidence, Total cost and related issues

5. Current & Future plans regarding ancestral or individual properties for all Assesses whether Non resident or Resident, Individual or HUF or Partnership or Firm or Company or Trust or Society or others

6. Plans and Implementation regarding Corporate Restructuring, Reorganizing, Amalgamation, Merger, Segregation, Collaboration or related issues

7. Provisions with reference to Employees remuneration decisions, Dividend policies, Bonus share issues, Depreciation Reserve and other related issues.

PROJECTS

1. Consultation and Procedural requirements on various matters relating to commencement, incorporation and commission of all kinds of project under Private or Public constitution.

2. Preparation of detailed Project cum Feasibility Reports with financial estimates to set up Business / Industry / Institution / Service / etc under Tiny / Small / Medium / Large Scale classification.

3. Formation, Documentation, Registration / Incorporation and obtaining Certificates of business / operation / services as an Individual or Partnership or Company or Trust or Institution or Society or other status

4. Liaison & Arrangement of Fund Sources with Financial Institutions for the Commencement of the project / Restructure or Enhancement of operating organization / Working capital facilities

5. Undertaking implementation and commission of projects including acquisition of land, construction of buildings, purchase of machineries / equipments, execution of contracts, erection, installation, arrangement of inputs / labor / utilities, completion of trials and commercial production to the rated capacity

6. Undertaking Rehabilitation, Reconstruction and Recommencement of sick industrial unit into a functioning feasible unit

7. Assignment on Technical / Financial / Management / Administration fields for Business / Industry / Service / Trust / Institution or organizations for regularization / up-gradation / development objects.

8. Assignment on outsourcing - copywriting, drafting, accounting, proof editing, legal documents, projects and related subjects.

ENTERPRISE RESOURCE PLANNING

1. Application of Management Information Systems, design, controls, procedures, implementation, data processing, e-commerce, executive information & decision support, intelligence & security network.

2. Application of information technology concepts, internet, intranet, extranet, online communication facility, servers & network, electronic data interchanges, developments on technologies,

3. Introduction of Advanced Business Application Programming software provides clients with the ability to interact with a common corporate database for a comprehensive range of applications.

4. E-business applications provide the capability to manage Financial, Controlling, Asset, Cost accounting, Banking, Maintaining & Customizing Production Operations, Materials & Inventory, Purchases, Personnel, Sales and Distribution, Management Reporting and allied subjects in every scale of projects.

5. Information System Audit comprises

- review the design, implementation and testing of new systems,

- assess and test controls in administrative systems,

- ensure that computing facilities operate in a controlled and effective manner,

- advise for holding and storing data on the computing and communication facilities,

- monitor compliance of IT policies and procedures

6. Installation of appropriate Software Application & Products methods with training programs, personnel identification and service consultancy.

LEGAL SERVICES

1. Secretarial procedures and Compliances to be adopted as per legal requirements in connection with various operations and affairs of the projects.

2. Drafting of Deeds, Agreements, Contracts, Guarantees, Leases, Hire-purchases, Trust, Partnership, Societies, Assignments, Memorandum of Undertakings, Memorandum & Articles of Association, Power of Attorney, Partition, Applications, Petitions, Affidavits and others in connection with affairs, activities and requirements of the clientele.

2. Representations of issues / appeals / petitions / redress / counter appeals / affidavits / remedies in connection with Taxes, Loans, Dues and related subjects before the Financial institutions, DRT, BIFR / Lok Adalat / RBI and other Judicial proceedings

3. Liaison and conciliation with various statutory authorities for disposal of assets / collateral for the mutual benefit of the borrower / lender / prospective projects towards the conclusion of disputes.

4. Investigation of feasibility / net worth evaluation / excess or hidden assets of the projects / promoters / investors in the interest of the growth and development.

5. Negotiate and Conciliate with Financial Institutions in respect of NPAs and arrive at a Compromise Settlement within the RBI guidelines by Rescheduling the Dues or Infuse with realizable funds raised or Arranged through disposal of business assets either surplus or idle capacities

6. Preparation of Sick Rehabilitation Revival Scheme, Coordinate with the nominated Operating Agency for the required assistance / sacrifices / relief / concessions, Rehabilitate the installed capacities, Corporate Debt Restructure as per RBI guidelines with independent or consortium Bank and Re-Commission operations of sick units into a feasible performing unit.

7. Undertaking preservation, protection and maintenance of units, business assets entrusted for the objects agreed upon in the interest of the clientele.

8. Alternative Dispute Resolution methods using Arbitration, Negotiation, Mediation & Conciliation strategies to resolve disputes relating to commerce, trade, industry, partnerships, properties, building & construction contracts, erection &

9. Purchase & Sale of Commercial or Institutional or Residential or Agricultural - Lands, Buildings, Industries, College, Schools, Hospitals and Others.

 

 


Contact me

V. Krishna Kumar B.Com,. FCA
Chartered Accountant

No 5, Padma Nilayam
147, 5th Street
Gandhipuram,
Coimbatore 641012, Tamilnadu
India

Phone: +91 422 2490084
Mobile: +91 93626 78421

Email: kaykayarr (at) yahoo.co.in