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    • voyona
    Voyona began its relationship with Accelero team at the inception of our Company in 2007. Neetika and her staff set up our entire company's accounting structure from scratch. They proved to be knowledgeable, responsible and dedicated insuring all our needs were met. Since then, Accelero has been a true partner for our company. They handle our day to day accounting needs, monthly financial statements and yearly tax returns. They help make sense of what can be a very difficult but necessary part of business, especially for an entrepreneur business owner. I would highly recommend their services to any company."
    Jaya Prakash Rao, President/ CEO Voyona, Inc. Sunnyvale CA

    Senseiq
    We have been using Accelero and have been very satisfied with services as they full seem to understand our needs and provide very professional approach. The team provides highly integrated effort and is always willing to answer the questions we might have even after the engagement is over. Neetika is very attentive and diligent to details and is always quick in following up.
    Jatin Maniar, CEO Sense IQ, Inc. San Jose CA

    Stratosphere Solutions Inc.
    Accelero has provided Stratosphere Solutions with thorough and timely financial service. We highly recommend them for their expertise and willingness to work with us on all our accounting needs. I am very pleased with the level of commitment and results that we"ve experienced."
    Jim Bordelon, President, Stratosphere Solutions Sunnyvale CA

    Cramster Inc.
    "Neetika is very personable. She takes those extra steps to ensure everyone is on the same page making an engagement smooth and cost-effective."
    Robert Angarita, CEO, Pasadena CA

    Solix Technologies Inc.
    We worked with Accelro for our Finance audit. Neetika's thorough knowledge in Finance Accounting, governance and compliance and her attention to details helped us keep the project on schedule and have guided us on various crucial and technical accounting areas.
    Sai Gundavelli, CEO, Santa Clara CA

    Urpan Technologies Inc
    Neetika and her team have been our accountants since 2007 and we are very glad with their services. Their ability to deal professionally and pleasantly with our vendors, customers and other business associates have provided us with a peace of mind and has also strengthened our relationship. The team is very responsive, always approachable and is eager to help us with any matter related to accounting and finance. I am impressed with their commitment and enthusiastic approach. As a CEO, I can now get lot of time to focus on business development as Accelero has taken complete ownership of our accounting division and are running it seamlessly.
    Pad N Swami, CEO, Urpan Technologies, Inc. Sunnyvale CA
    Neetika has a professional and dedicated team that delivers consistently under tough deadlines.
    Mihir Chowdhary, Greenboox Inc. Cupertino CA

    PwrLite Inc.
    Neetika has handled our accounts including books and payroll from the first transaction and first employee and has done a great job from the start. She made it transparent to us as far as keeping the books in order was concerned. She was quite flexible in adapting to the random and bursty nature of transactions in a startup company. She also was extremely compliant with asynchronous requests for financials and payroll processing. She and her team exhibited professionalism in maintaining the confidentiality of information about her clients.
    Overall, will strongly recommend doing business with her and keeping her as 'the accountant concern' for small and medium sized startup companies.
    Sridhar Subramanian
    President & CEO, PwrLite, Inc (acquired by a Tier-1 company)

    Matisse Technologies
    Neetika has great dedication and attention to customer service evidenced by her graciously re-arranging her schedule to come to take over a critical role at our company when our regular employee was on maternity leave. Thanks to Neetika we were able to keep up the service we provide to our internal customers as well and complete several projects including an audit which we would not have been able to do without her help.
    Jerry Lovatt, VP Finance, Matisse Networks, Inc. Mt. View , California

Differences between IFRS and GAAP


More than 200 differences exist between IFRS and GAAP accounting. For example:-

 

  • IFRS does not allow extraordinary items, in contrast to GAAP.

  • R & D development is capitalized under IFRS and expensed under GAAP

  • does not allow LIFO inventory costing, whereas GAAP does.

  • IFRS is described as “Principles Based Accounting” while GAAP is more “Rules based”

  • Some of these differences such as eliminating LIFO as an inventory costing methodology under IFRS will affect corporate income-tax expense, as the U.S. Internal Revenue Services allows LIFO accounting if the company also uses it for financial reporting.

  • In addition, IFRS requires more disclosures in the financial statements.

  • When preparing for IFRS, however, it is not possible to determine what future financial results will look like, as calculation of some balance sheet items depend on current interest rates.
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