Globalization and increasing competition faced by business makes it necessary for growth-centric organizations to quickly adapt to the changing business environment. Organizations require combining the best global practices into their business process. This helps them in benchmarking their performance with the best in the industry. Thus organizations need a better access to new tools and technologies which can help them stay in tune with the global happenings that has an impact on their business. Hence, professional experts who provide actuarial services can be of immense help who deal in specialized areas thereby assisting organizations to optimize their performance and gain a competitive edge amongst others.

PK Chopra has actuaries who are specialized in different disciplines like finance, risk management, insurance among others to provide intelligent and flexible solutions to organizations enabling them to extend their business capabilities by enhancing their existing processes and performance to the maximum extent.

Corporate Reporting Improvement

Corporate reporting gives an overall view of the business performance in accordance with the business objectives. It helps companies define the goals and objectives that help understand the direction and the process by which it is likely to achieve these given objectives. In short, corporate reporting improvement is a non-financial performance indicator of an organization.

Company values, corporate governance, brand reputation, company policies, business objectives and targets, corporate social responsibility (CSR) are some of the key areas that the corporate reporting improvement process must focus on.

PK Chopra are the trusted partners who have been assisting companies to maximize returns and improve shareholder value with strong investor confidence with their high-quality services and professional approach towards achieving a smoother and transparent system of corporate reporting improvement process.

PK Chopra have been providing the corporate reporting improvement services which are as follows:-

• Quality management:The high standards of quality trust and reliability to its clients with respect to maintaining the crucial business information used for public disclosures is PK Chopra’s hallmark. The company uses the most professional approach for non-financial business reporting by ensuring maximum transparency in the process. It also facilitates the process of change required to make the corporate reporting process more reliable and efficient.
• Performance management: PK Chopraassists its clients by helping them develop the best practices for reporting even in non-financial functions by focusing on better reporting techniques that enable organizations to establish greater visibility and relationships among the company and its stakeholders. Better reporting enhances the value proposition of the company by helping them realize their true potential thereby leading to improved performance.
• Relationship management:The Company helps in better corporate reporting improvement process by assisting in establishing communication channels between the company, customers, shareholders, external stakeholders and the society in general with better relationships based on mutual trust and confidence.

Financial accounting

The high standards of quality trust and reliability to its clients with respect to maintaining the crucial business information used for public disclosures is PK Chopra’s hallmark. The company uses the most professional approach for non-financial business reporting by ensuring maximum transparency in the process. It also facilitates the process of change required to make the corporate reporting process more reliable and efficient.

The role of financial accounting in business is to enable organizations to make a sound business decision that is directly dependant on the availability of financial resources. Financial accounting is used to determine the financial soundness of the company, which is of larger interest to the shareholders, investors, bankers, suppliers and the external agencies like the government who are directly responsible for investing or financing the companies. Financial statements like balance sheets, profit & loss account among others indicate the liquidity of the company along with the current assets and liabilities that help determine the profitability of the company and the future earnings potential.

PK Chopra is a pioneer in the field of financial accounting and have qualified specialists in the area which enables individuals and organizations in maximizing their financial capabilities by providing a systematic and professional approach to give the most optimized financial solutions which help in enhancing business profitability.

PK Chopra has been offering a range of financial accounting services in the following:-

• Financial statement analysis: At PK Chopra we offer assistance to our clients by providing an analysis of financial statements like Balance sheet, Profit & Loss Account. We also help our clients in preparing financial statements like Bank reconciliation statements, trial balance, cash flow and fund flow statements among others. All the statements are prepared as per the standard GAAP principles and standards of accounting.
• Transactions management:WE help our clients in efficient transaction management with compilation of transactions, preparation of invoices, maintaining sales/ purchase journals for record keeping purposes, tracking cash receivables and payments due along with payroll processing. Our quick, cost-effective and customized solutions help the companies in maximizing their financial performance with improved profitability.
• Budget planning: PK Chopra assists its clients in identifying the gaps in the process of financial planning and investment with suitable financial models that enable companies improve their business potential. It also helps the clients in making appropriate budget allocations with the optimum use of the available financial resources for sound investment decision based on financial targets.