Drafting of financial statements, ensuring compliance with frameworks like IFRS & IndAS is a challenging job. Further it takes lot of time to produce the draft financial statements from the trial balance generated from the accounting system. Very few accountings software's provide financial statements in the format complying with IFRS & IndAS. With an objective to bring in standardization and efficiency, we have designed this module. We expect that this will reduce the time required for drafting financial statements by more than 60%. For adherence to all the requirements of presentation and disclosures as per the applicable financial reporting framework we have mapped complete set of financials with disclosure checklist.
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