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Consolidation Made Easy and in Compliance with Accounting Standard & IndAS

In this document, we have described About Rhapsodyu2019s RCAM Technology and Features. To know more visit - http://www.rhapsody-services.com/RCAM.html

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Consolidation Made Easy and in Compliance with Accounting Standard & IndAS

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  1. http://rhapsody-services.com/rcam.html “Consolidation made easy & in Compliance with Accounting Standard & IndAS” Visit us at: http://rcam.in Contact us: +91-120-4235138 (Ajay Kumar) Email: contactus@rhapsody-services.com Copyright © Rhapsody-Studios.com 2018.

  2. About Rhapsody’s RCAM Technology Online web based software Access anywhere anytime Real time End to end solution to convert trial balance to financial statements/Annual report. Features of Rhapsody’s RCAM Preparation of Standalone financial statements (IGAAP + Ind AS) (including consolidation of units/ divisions / branches) Balance Sheet Profit & Loss Notes Cash Flow Additional Notes Printable Version Ind AS Conversion module Predefined and customized, Ind AS conversion templates Various MIS, Inbuilt validations and exception reports Export to Excel with formulas and linkages Auto preparation of Consolidated Financial Statements (IGAAP + Ind AS) Line by line consolidation Step up consolidation Virtual consolidation Automation of Goodwill calculation Intercompany elimination FCTR calculation Segment Reporting Related Party schedule Version control Management by exception Rhapsody’s RCAM Ind AS– Specific Key Features Trial directly imported from RCAM IGAAP (No human intervention) Auto carry forward from base GAAP: Current and non-current bifurcation Inter company details Any additional adjustment in IGAAP Copyright © Rhapsody-Studios.com 2018.

  3. No reconciliation required Auto mapping ensures consistency in preparation of Ind AS financial statements in whole group.  Auto preparation of Ind AS impact sheet which provides Base GAAP Number + Opening Adjustment + Accumulated adjustment + Adjustment during the year Predefined and customised Ind AS template will compute the Ind AS adjustment required based on the input provided. Pass only current year adjustment (Previous period adjustments will be carried forward automatically in current period) Virtually - IND AS books of accountand JV’s will be generated Extensive audit trail Ind AS adjustment from opening transition to till date. Balance sheet to grouping level including Ind AS adjustment. Why you will find Rhapsody’s RCAM effective All functional requirements of your group will be met including all regulatory requirements. Extremely user-friendly. Tremendous flexibility on account of scope (customization) & deployment approach (deployment time less than 1 months). Easy integration with any ERP like SAP/oracle and others Extremely cost effective Team led by functional experts Extension/Integration:  XBRL  Companies Act, etc. Future roadmap– To provide Mobile app for financial analysis and overall Status Our other related products/applications are XBRL - http://rhapsody-services.com/xbrl.html IndASOnline - https://indasonline.com Regards Team Rhapsody RCAM Copyright © Rhapsody-Studios.com 2018.

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