NBFC Advisor
NBFC Advisor

NBFC Accounting Services

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Non-Banking Financial Companies (NBFCs) are pivotal players in India's financial sector, providing essential credit and financial services akin to traditional banks. Regulatory compliance and robust financial reporting are crucial for NBFCs to maintain transparency and trust among stakeholders. Our NBFC Accounting Services are tailored to ensure compliance with Indian Accounting Standards (Ind AS) and facilitate seamless financial operations.

Our Services

1. Ind AS Compliance

We assist NBFCs in adhering to the Companies (Indian Accounting Standards) Rules, 2015, ensuring compliance based on their net worth and listing status. Our services include:

  • Initial Assessment: Determining applicability of Ind AS based on NBFC's net worth and listing status.
  • Implementation: Transitioning accounting practices to align with Ind AS requirements.
  • Reporting: Preparation and filing of Ind AS compliant financial statements (AOC-4 NBFC (Ind AS) and AOC-4 CFS NBFC (Ind AS)).

2. Financial Instruments Management

Effective management of financial instruments is critical for NBFCs. Our services include:

  • Classification: Identifying and classifying financial assets and liabilities under Ind AS 109.
  • Valuation: Fair valuation of investments, including exceptions for subsidiaries, associates, and joint ventures.
  • Impairment: Implementing Expected Credit Loss (ECL) models for impairment assessment.

3. Derecognition of Financial Assets

Ensuring accurate derecognition of financial assets in compliance with Ind AS requirements:

  • Guidance: Advising on criteria for derecognition based on transfer of risks and rewards.
  • SPV Consideration: Assessing consolidation of Special Purpose Vehicles (SPVs) as per Ind AS guidelines.

4. Employee Benefit Plans

Comprehensive management of employee benefit plans under Ind AS:

  • Remeasurement: Recognition of actuarial gains and losses in Other Comprehensive Income.
  • Compliance: Ensuring adherence to Ind AS requirements for defined benefit plans.

5. Financial Guarantee Contracts

Managing financial guarantee contracts in accordance with Ind AS:

  • Recognition: Disclosure and recognition of financial guarantee liabilities.
  • Provisions: Ensuring compliance with provisions under Ind AS 109 for financial guarantees.

Why Choose Us?

  • Expertise: Our team comprises seasoned professionals with deep expertise in NBFC accounting and regulatory compliance.

  • Tailored Solutions: Customized services tailored to meet the specific needs and challenges of NBFCs.

  • Commitment to Excellence: Dedicated to delivering accurate, timely, and compliant financial reporting solutions.

Contact Us

Ensure your NBFC operates with transparency and compliance. Contact us today to learn more about our NBFC Accounting Services and how we can support your financial operations.

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