Ind-AS / IFRS Advisory
Ind-AS transition support, IFRS 9/15/16 implementation, US GAAP reconciliation, gap analysis, and accounting policy documentation — from MCA mandate to investor-ready reporting.
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50+
Ind-AS conversions
IFRS 9/15/16
Specialists
Big-4 quality
Methodology
MCA / ICAI
Compliant
What is Ind-AS / IFRS Advisory?
Ind-AS (Indian Accounting Standards) are the IFRS-converged standards mandated by MCA for certain classes of companies. The transition from old Indian GAAP to Ind-AS fundamentally changes the recognition, measurement, and disclosure of financial instruments (Ind-AS 109/IFRS 9), revenue (Ind-AS 115/IFRS 15), and leases (Ind-AS 116/IFRS 16), often resulting in significant changes to reported P&L and net worth. JCA provides structured transition support — from impact assessment through restated financials — following the methodology used by Big-4 firms.
Ind-AS adoption is not a compliance exercise — it is a fundamental change in how your financial performance is measured and reported to investors, lenders, and regulators.
JCA's accounting standards advisory covers the complete Ind-AS transition lifecycle — from initial gap analysis through the opening balance sheet, comparative period restatement, accounting policy manual, and final auditor sign-off. Post-transition, JCA provides annual support for new standard changes, complex transactions (M&A, ESOPs, demergers), and US GAAP reconciliation for companies listed or operating in the United States.
Triggered by
MCA Ind-AS roadmap | SEBI IFRS requirement | FDI from GAAP-reporting investors
Key standards
Ind-AS 115 (revenue), 116 (leases), 109 (financial instruments)
Timeline
3–6 months for full transition
Output
Restated financials + policy manual + disclosure notes
What We Help You Achieve
MCA Ind-AS Mandate
Mandatory for listed companies, net worth ≥ ₹250 crore companies, and their subsidiaries; JCA ensures first-time adoption is correct and complete.
Investor-Ready Reporting
IFRS-compliant financials are required for PE/VC investors, foreign-currency bonds, cross-listing, and FDI from IFRS-reporting investors.
Ind-AS 116 Lease Accounting
All operating leases capitalised as right-of-use assets and lease liabilities; JCA computes the transition impact across entire lease portfolio.
Ind-AS 115 Revenue Recognition
Five-step model applied to complex arrangements — construction contracts, SaaS subscriptions, multi-element bundled deals.
IFRS 9 Financial Instruments
Expected credit loss (ECL) computation for trade receivables, loan books, and financial guarantees.
Technical Accounting Memos
Written position papers on complex accounting judgements — defensible to statutory auditors, regulators, and investors.
How We Manage Your Ind-AS Transition
Structured Big-4-grade methodology — from gap analysis through auditor-signed restated financials.
Scoping & Impact Assessment
Identify applicable standards, map current GAAP policies to Ind-AS requirements, quantify impact on P&L, net worth, EBITDA, and key ratios.
Opening Balance Sheet Restatement
Adjust opening balance sheet to Ind-AS basis as at the transition date; apply first-time adoption exemptions.
Accounting Policy Manual
Draft comprehensive Ind-AS / IFRS accounting policy manual covering all applicable standards; resolve elections and exemptions.
Financial Statements Preparation
Prepare restated comparative financial statements with full Schedule III (Ind-AS) / IFRS presentation and disclosure notes.
Auditor Liaison & Sign-off
Engage with statutory auditors to obtain concurrence on accounting positions; prepare technical memos for complex judgements.
Documents Required
Financial Records
- Complete trial balance (both years)
- Fixed asset register
- Lease agreements (all operating leases)
- Borrowing agreements and derivative contracts
- Revenue contracts and sales agreements
Supporting Data
- Investment portfolio details
- Employee benefit actuarial data (gratuity, leave)
- Related party transaction details
- Prior year GAAP financial statements
- Auditor correspondence on complex items
Why Choose Juris Capital Advisory
for Ind-AS / IFRS?
Big-4 Methodology
Ind-AS and IFRS transition methodology benchmarked against Big-4 frameworks — structured, documented, and auditor-ready.
ICAI Technical Standards
All positions taken are grounded in ICAI Technical Guides, EAC opinions, and IFRS Interpretations Committee guidance.
IFRS 9/15/16 Specialists
Dedicated specialists for financial instruments (ECL), revenue recognition (5-step), and lease capitalisation (ROU).
Auditor-Ready Outputs
Technical memos and accounting positions prepared to withstand scrutiny from ICAI-registered statutory auditors.
Management Friendly
Complex accounting changes explained in plain business language — management presentations, not just technical papers.
Ongoing Support
Post-transition annual support to address new standard changes, M&A accounting, and ad hoc technical queries.
What Our Clients Say
“Our PE fund required IFRS-compliant financials for their LP reporting. JCA completed the Ind-AS transition in 10 weeks — opening balance sheet, policy manual, restated comparatives, and auditor sign-off. No surprises at year-end.”
Thiyagarajan Moorthy
CFO, PE-Backed Infrastructure Company, Chennai
“The Ind-AS 116 lease computation for our 47 operating leases was the most complex part of our transition. JCA built a lease model that computed right-of-use assets and lease liabilities for every lease with different payment terms, escalation clauses, and renewal options.”
Deepa Sundarajan
Head of Finance, Retail Chain, Bangalore
“JCA prepared technical accounting memos for our ESOP valuation and our deferred revenue recognition under Ind-AS 115. Both were accepted by our Big-4 auditors without adjustment. That quality of output is rare outside the large firms.”
Hari Prasad
Finance Director, SaaS Company, Hyderabad
Frequently Asked Questions
Ind-AS Transition & IFRS Advisory
— Investor-Ready Financials
Big-4-grade Ind-AS transition methodology — impact assessment, opening balance sheet, accounting policy manual, restated financials, and auditor sign-off.