Summer internship deloitte presentation-final1

• 1. Summer Internship
  Harsh Vyas
  Sathishwaran
  AshishKaushalRanjan
  April 2011
  

2. Company Brief
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Deloitte
3. Deloitte Profile

• Started in 1845 when Willian Welch Deloitte opened an office in Basinghall Street in London.

4. Mergers with Haskins & Sells(1952), Touche Ross (1989) and further renaming led to the formation of Deloitte Touche Tohmatsu in 1993. 5. It operates as independent member firms in each geography area and is subject to laws and regulation of a particular country it operates. 6. Each member firm is structured differently according to the national laws, regulations, and customary practice. 7. It is one of the Big Four audit firms.Deloitte
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8. Industries
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9. Deloitte Numbers
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10. Financial Highlights by Region & Practice
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11. Services Offered
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12. Consulting
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13. Recent Updates

• PR Ramesh will be the new chairman for India with effect from April 1, 2011.

14. Appointed as one of the statuatory auditors for the beleagured Satyam Computer Services. 15. Independent consultant for Air India financial restructuring plan. 16. Deloitte to hire 12,000 more in India over the next few years. 17. US $500 million to be invested in priority markets: Brazil, China, India, Japan, Middle East, Russia, and Southeast Asia.Deloitte
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18. Strategy & Operations
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Deloitte
19. Financial TransformationConsulting Offering

• About Financial Transformation

20. Drives business performance and shareholder value by improving operational capabilities. 21. Links Business Strategy to Financial Strategy 22. Alligns technology to business 23. Bottom-line Benefits 24. Sustainable cost reduction 25. More efficient processes 26. Increased technology effectiveness 27. Faster access to the right information 28. Improved business partnering capabilities 29. Services Offered 30. Finance Strategy 31. Integrated Performance Management 32. Finance Operations 33. IFRSDeloitte
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34. Financial TransformationConsulting Offering
Finance Strategy

• Deloitte's Finance Strategy assessment services are designed to help organizations in their efforts to:

Assess their current finance function performance and capabilities
Define a finance vision and role
Define a target operating model
Identify change initiatives and develop a roadmap and business case

• Organizations that take a comprehensive approach to finance strategy can better position themselves to:

Improve their financial reliability and predictability
Lower overall costs in finance
Improve information quality for better, faster decision-making
Adopt an investor value perspective into organizational performance management
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35. Financial TransformationConsulting Offering
Integrated Performance Management

• Key services support the following activities:

Reporting strategy
Definition of key performance indicators
Consolidation and external reporting
Planning, budgeting and forecasting
Management reporting and analysis

• Effective integrated performance management can help an organization in its efforts to:

Improve decision-making
Provide information that is more accurate, timely and transparent
Maintain One version of the truth
Increase efficiency and reduce manual effort, with fewer systems and paper reports
Improve organizational alignment and risk management
Establish a stronger link between performance and strategy
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36. Financial TransformationConsulting Offering
Finance Operations

• Effective finance operations can help an organization in its efforts to:

Improve information quality and data integrity for more reliable and accurate financial information
Implement streamlined and more efficient and effective processes that are scalable and dynamic
Have more time for decision-support activities such as financial analysis and strategic planning
Build stronger business cases throughout the organization
Have better visibility and support for the finance functions initiatives
Reduce cost and time spent on compliance activities
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37. Financial TransformationConsulting Offering
International Financial Reporting Standards(IFRS)

• Deloitte's experienced teams work with organizations to help them address IFRS in a comprehensive way from information technology (IT) systems to taxes to valuation, the entire spectrum. Using this multi-functional approach, Deloitte help businesses prepare for and carry out IFRS conversions by providing support with technical accounting research, training and communication, project management, systems migration and more.

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38. Expected Learning

• Understanding the nature and mode of work at Deloitte

39. Domain knowledge in the industry of work 40. Broad experience of working of a global organization 41. Knowledge of IFRS, US GAAP and Indian GAAP 42. First hand experience in change management and lean methodologies 43. Knowledge in Business performance management, finance processes and operations, finance strategies 44. A deep understanding of underlying enabling technologiesDeloitte
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45. References proposed to be used

• Book: Managerial Accounting: Creating value in a Dynamic Business Enviorment Hilton, Ronald W

46. Book: Managerial Accounting: A Managerial Prespective Narayanswamy, R 47. Book: Corporate Finance Ross, StephenA 48. Research Paper: Role of Financial ManagerOliver 49. Research Paper: Financial Information According to International Financial Reporting Standards (IFRS)Research Paper # 147204, www.academon.com 50. Deloitte Internal ResourcesDeloitte
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51. Technology Integration
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52. Technology Integration Practice
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53. Management Information System

• Project could be for a decision support system, people management application, customer relationship management system or data retrieval application.

54. Identifying the gaps in the system. 55. Analysis of existing reports in the system for automation of report generation and new report formatting. 56. Defining and analyzing the scope of reports. 57. Advising the clients on the enhancement needed in the reports and also the latest technology trends. 58. Gaining domain knowledge in the industry of work. 59. Support task for project. 60. Work could be on financial planning tools and executive reporting tools.Deloitte
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61. IFRS

• Ministry of Corporate Affairs has so far notified 35 Indian IFRS standards (Ind-AS), without mentioning the implementation date.

62. IFRS conversion is proposed to be implemented in three phases ending at April 1, 2014. 63. Work could be in Identifying potential customers for IFRS implemention using various parameters. 64. Study and Analysis the differences between Indian GAAP and IFRS. 65. Documenting the reporting requirments as per IFRS. 66. Support task for live project implementationsDeloitte
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67. IT Advisory

• Interviewing and understanding the expectations of the client and stakeholders

68. Documentation of Business process and system requirements. 69. Project Management support 70. Project scoping and planning 71. Defining roles and responsibilities for all stakeholders 72. Advising businesses on how best to use information technology to meet their business objectives.Deloitte
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73. Expected Learning
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• Understanding the nature and mode of work at Deloitte

74. Domain knowledge in the industry of work 75. Knowledge transfer sessions with mentor 76. Client management 77. IFRS and Indian GAAP differences 78. Technical knowledge 79. Interviewing skills 80. Key Vendors for Deloitte - Business Objects, Cognos, IBM, Informatica, Oracle, SAP, SAS, Teradata.