summer internship deloitte presentation-final1
DESCRIPTION
TRANSCRIPT
- 1. Summer Internship
Harsh Vyas
Sathishwaran
AshishKaushalRanjan
April 2011
2. Company Brief
2
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
3
8. Industries
Deloitte
4
9. Deloitte Numbers
Deloitte
5
10. Financial Highlights by Region & Practice
Deloitte
6
11. Services Offered
Deloitte
7
12. Consulting
Deloitte
8
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
9
18. Strategy & Operations
10
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
11
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
Deloitte
12
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
Deloitte
13
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
Deloitte
14
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.
Deloitte
15
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
16
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
17
51. Technology Integration
18
Deloitte
52. Technology Integration Practice
Deloitte
19
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
20
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
21
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
22
73. Expected Learning
Deloitte
23
- 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.