Rhapsody accounting and adviosry services profile 16 july 2011

Rhapsody Accounting and Advisory Services

Company Profile

22

About us

Services

Target clients

Team

Competitive edge

Credentials

Contact Details

Contents

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About us

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Rhapsody Accounting and Advisory services (or Rhapsody) incorporated in 2009 specializes in the following knowledge-based services:

Accounting and Advisory services IFRS / IND AS GAAP/ Accounting Accounting Research

Accounting solutions XBRL

Education and training IFRS Indian GAAP

Our Vision

To be amongst the top knowledge-based accounting, advisory and education services company catering to clients all across the world.

Our Mission

To deliver in the areas of accounting, advisory and Accounting education, high quality, relevant knowledge-based solutions and services under one umbrella

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Our Services

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Accounting and Advisory IFRS/ IND AS

End-to-end implementation/ conversion Consultation on specific issues ERP support on IFRS implementation Purchase Price Allocation under Business combination Group Reporting

Closure of Accounts and Reporting Preparation of high quality Financial Statements including notes Consolidation GAAP and Regulatory compliance Coordinating and resolving audit queries

Specialised Accounting Transaction based accounting, for example, M&A, Business combinations, etc. Asset impairment analysis

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Our Services (contd.)

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Accounting and Advisory (contd.) Resource Centre

One-Stop-Shop for Accounting, Research, Compliances etc. Research and Analysis on complex accounting matters

SME - Connect (Focusing on Micro/Small/Medium-sized Enterprises (MSMEs)) Preparation/ Review of accounting for day-to-day transactions Preparation/ Review of Journal Entries Monthly MIS

– Cash Flows/ Fund Flows– Actual Vs Budget Analysis– Ageing Reports, etc.

Trial Balance Review Maintenance/ Review of Fixed Assets Register Bank and Other Account Reconciliations Compliances like TDS, Service tax, Sales tax, Excise duty, PF, ESI, etc.

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Our Services

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Accounting Solutions XBRL Implementation Software Application XBRL Implementation Outsourcing

Mapping Tagging Validation Filing

XBRL Training

Education and Training Customised Accounting training for corporate clients, under IFRS (basic and advanced) and

Indian GAAP

IFRS/ IND AS Certification Programmes for professionals and students focusing on exams like ACCA.

Content Development for Institutions - Training modules/ e-learning modules, other reference material .

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Target clients - India

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Advisory Services - IFRS

Listed and other Public interest entities

Subsidiaries of Holding companies to which IFRS applies – Group reporting etc.

Entities with Net worth > INR 500 crores

Other corporate groups seeking IFRS related services

Advisory Services – Other Accounting SMEs looking for high quality and efficient routine accounting support on an ongoing basis Large entities looking to obtain advisory services or opinion under complex situations

Accounting Solutions - XBRL

All Listed companies and their subsidiaries, or Companies with paid-up capital > INR 5 crores Companies with Turnover exceeding INR 100 crores

Education and training

Entities/Institutions/individuals looking for world-class IFRS and other GAAP accounting training

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Target clients - International

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Small and Medium Enterprises in Canada, US, UAE, Middle-East, or Singapore looking for IFRS accounting advisory in an efficient outsourcing/ offline model

CPA’s and practising firm of accountants looking for IFRS accounting advisory outsourcing/ offline model

Clients in Canada, US, UAE, Middle-East, or Singapore looking training in IFRS

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Our leadership..

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Founder and CEO of Rhapsody Accounting & Advisory Services Pvt Ltd. A member of the Institute of Chartered Accountants of India (ICAI) with over 15 years experience working at organisations like KPMG, Deloitte’s, Olam International Singapore and Spice. Member of Technical Study group of Accounting Standard Board – ICAI Faculty at ICAI for Advanced IFRS Certification course. Faculty at CAG for IFRS trainings Faculty on IFRS for MSOP at ICSI Involved in more than thirty IFRS conversions etc. till date Trained more than 900 professionals till date since July 2009 Trainer on IFRS at National Institute of Financial Management Working on various IFRS related projects with American Institute of Certified Public

Accountants (AICPA) Consultant to ICAI-ARF for IFRS assignments. Associated with the Institute of Internal Auditors in developing a Professional development

programme on IFRS – Role of Internal Auditors. Empanelled with PHD chambers of Commerce as advisor as well as a speaker on IFRS matters. A core member of the IFRS conversion group and the private equity group while at KPMG. An accredited all India IFRS trainer while at KPMG for over 4 years training all levels of staff up to

partners.

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Our Core team (contd.)

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Kangan Khanna Qualified as Chartered Accountant in 2002. Kangan is the VP Operations focussing on content development, management and training divisions at Rhapsody Over 8 years of experience working at organisations like KPMG and Fidelity Corporate IFRS trainer at Rhapsody Involved in more than 6 conversion programmes Led audit assignments while at KPMG. Cross-sector experience in audit. Trained staff at KPMG on audit methodology. Senior valuation professional at Fidelity with experience across sectors like healthcare, pharma

and telecom in Europe that have already adopted IFRS. Trainer for financial modelling and important accounting/ valuation concepts at Fidelity Cleared CFA level 1 exam from CFA Institute, USA Qualified Valuer certified by ICAI

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Our Core team

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Abhishek Mahawar A fellow member of ICAI & is Bachelors in Electronics Engineering and DISA

from ICAI. Has more than 12 years of experience in Audit Services &

IT consulting in Package implementation space . Recently has been focusing on IFRS Conversion services by bringing in his Project Management

and Techno- Functional skills for IFRS implementations Currently executing an IFRS Conversion Project for Monnet Ispat and Energy Limited Prior to IFRS, Has been focusing on Enterprise Risk management services (Internal Audits, SOX,

Systems Audit, ERP Reviews, Implementation of Internal Control Mechanisms in an computerized environment) and has served large corporate like VEDANTA (BALCO), SEML, CENTURY TEXTILES, KAJARIA CEREMICS, GODAWARI POWER, VANDANA GLOBAL, MONNET ISPAT & ENERGY

Has a strong Project Management skills and functional expertise in ERP packages especially SAP ECC6.0 and Oracle applications 11i

Has worked with Infosys Technologies as Senior Consultant in Enterprise Solutions group for more than 6 years and has served Fortune 500 companies like TOSHIBA, NORDSTROM, ASTEC, EMERSONS, SALOMAN

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Our Core team (contd.)

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Pooja Gupta Pooja is Chartered Accountant qualified in 1997. She has completed Company

Secretary and LL.B and has done Masters in Finance from Frankfurt University in

Germany. She has written a book “Financial Instrument Standards – A Guide on IAS 32, IAs 39 and IFRS 7”

which is published by TATA McGraw Hill and is sold across the globe not limited to India only. She was worked with multinational foreign banks at a senior position in Mumbai. Earlier she has

worked with PWC in Frankfurt (Germany) and Barcelona (Spain) on IFRS projects. Faculty at IES Management College & Research Centre – accredited by Mumbai University on

“Derivatives & Risk Management” and speaker at various platform on IFRS including the International Banking Conclave organized by IMC (Indian Merchants’ Chambers) and other corporate training forums.

Ex-member of Accounting Standards Board of India & of CFO sub group constituted by Ministry of Corporate Affairs.

Ex- Regional Council Member (Western Region). Columnist with Financial Express and Hindu Business line Specific work experience: Standard Chartered Bank, Societe Generale, DBOI, Tata Projects ICAI.

International Fund Services (IFS) & Citigroup Global

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Our Competitive edge

Experience of the leadership and the core team

Technical, client management and people management experience of 9-15 yrs in the areas of audit under Indian GAAP, IFRS, due diligence reviews and Private Equity Space

Assured service

Online review, Quick response time and practical, prudent and technically acceptable decision making to close the jobs quickly

Trained team

Highly trained core and field level team comprising of motivated professionals along with a knowledge base/Technical centre to track, evaluate and interpret latest developments in the dynamic world of IFRS

Reasonable Costs

A motivated team and quick response time to close the job would mean significant cost savings

Our clients come back to us again and again….

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Advantages of Having us on Board

Technical Capabilities:

Credentials of Rhapsody

Credentials, experience and training capabilities of Team members

Operational Capabilities:

Project management capabilities of team members of Rhapsody

Significant dedicated time of top management

Local team based out of Delhi/Mumbai/Indore/Raipur

Friction less interactions between Rhapsody and Auditors and ERP consultants

No Conflict of Interest with statutory and Internal Auditors

Ability to close most difficult of accounting situations/issues technically and to the

satisfaction of the clients.

Commercial considerations:

Extremely competitive

This means Assured Quality at Reasonable cost

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Our Credentials

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Since we commenced our operations formally in July 2009, we have had the honour of having the following as our clients:

Spice Group Bhushan Power and Steel Limited Bhushan Steel Ltd. NHPC Ltd. Monnet Ispat Unitech Group Chandra investment Group (CIG) – A Real Estate USD 300 mn PE fund S Tel Private Limited adidas Reebok Indigo Airlines Lifetree/ Tecnotree India Siemens Aditya Birla Group Institutions like ICAI, C&AG, ICSI, NIFM, IIA, ICPA(USA)

Many more in the pipeline

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Let’s Refigure

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Our Contact details:

Rhapsody Accounting and Advisory Services Private Limited

Registered Office:

D-42, Navkunj Apartments, 87, I.P Extension, Delhi 110092

Corporate Office:

A-109, First Floor, Shivalik, Sector 35, Noida 210 301

Our Website / web pages:

www.rhapsody-services.com

www.facebook.com/ifrsindia

Contact Person : Kangan Khanna

Our Contact Numbers:

(o): +91-120-4235138

(m): +91-9810306995

: +91-9810506995