Summer Internship

Harsh VyasSathishwaranAshish Kaushal Ranjan

April 2011

Company Brief

2 Deloitte

Deloitte Profile

Started in 1845 when Willian Welch Deloitte opened an office in Basinghall Street in London.

Mergers with Hakins & Sells(1952), Touche Ross (1989) and further renaming led to the formation of Deloitte Touche Tohmatsu  in 1993.

It operates as independent member firms in each geography area and is subject to laws and regulation of a particular country it operates.

Each member firm is structured differently according to the national laws, regulations, and customary practice.

It is one of the Big Four audit firms.

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Industries

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Consumer Business and Transportation

Energy & Resources

Manufacturing

Technology, Media & Telecommunication

Deloitte Numbers

  2010 2009 2008 2007 2006

Revenues (US$ in billions)

$26.6 $26.1 $27.4 $23.1 $20.1

People 170,000 169,000 165,000 150,000 135,000

Countries 150+ 140 140 142 136

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Financial Highlights by Region & Practice

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Services Offered

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Audit and Enterprise

Risk Services

Tax Services

Financial Advisory

Consulting

Consulting

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Business Process

Solutions

Technology Integration

Strategy and Operations

Human Capital Advisory Services

Enterprise Applications

Recent Updates

PR Ramesh will be the new chairman for India with effect from April 1, 2011. 

Appointed as one of the statuatory auditors for the beleagured Satyam

Computer Services.

Independent consultant for Air India financial restructuring plan.

Deloitte to hire 12,000 more in India over the next few years. US $500 million to be invested in priority markets: Brazil, China, India, Japan,

Middle East, Russia, and Southeast Asia.

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Strategy & Operations

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Financial TransformationConsulting Offering

About Financial Transformation

Drives business performance and shareholder value by improving operational capabilities.

Links Business Strategy to Financial Strategy Alligns technology to business

Bottom-line Benefits

Sustainable cost reduction More efficient processes Increased technology effectiveness Faster access to the right information Improved business partnering capabilities

Services Offered

Finance Strategy Integrated Performance Management Finance Operations IFRS

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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

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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

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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 function’s initiatives

• Reduce cost and time spent on compliance activities

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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.

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Expected Learning

Understanding the nature and mode of

work at Deloitte

Domain knowledge in the industry of work

Broad experience of working of a global

organization

Knowledge of IFRS, US GAAP and Indian

GAAP

First hand experience in change

management and lean methodologies

Knowledge in Business performance

management, finance processes and

operations, finance strategies

A deep understanding of underlying

enabling technologies

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References proposed to be used

Book: Managerial Accounting: Creating value in a Dynamic Business Enviorment– Hilton, Ronald W

Book: Managerial Accounting: A Managerial Prespective– Narayanswamy, R

Book: Corporate Finance– Ross, Stephen A

Research Paper: Role of Financial Manager—Oliver

Research Paper: Financial Information According to International Financial Reporting Standards (IFRS)—Research Paper # 147204, www.academon.com

Deloitte Internal Resources

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Technology Integration

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Technology Integration Practice

Information management and Delivery

Business Intelligence and data Management

Corporate Performance Management

Custom Software

Technology Advisory

IT Cost Rationalization

IT sourcing and procurement

IT Strategy, architecture and governance

Managing major technology programmes

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Management Information System

Project could be for a decision support system, people management

application, customer relationship management system or data retrieval

application.

Identifying the gaps in the system.

Analysis of existing reports in the system for automation of report generation

and new report formatting.

Defining and analyzing the scope of reports.

Advising the clients on the enhancement needed in the reports and also the

latest technology trends.

Gaining domain knowledge in the industry of work.

Support task for project.

Work could be on financial planning tools and executive reporting tools.

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IFRS

Ministry of Corporate Affairs has so far notified 35 Indian IFRS standards (Ind-

AS), without mentioning the implementation date.

IFRS conversion is proposed to be implemented in three phases ending at April

1, 2014.

Work could be in Identifying potential customers for IFRS implemention using

various parameters.

Study and Analysis the differences between Indian GAAP and IFRS.

Documenting the reporting requirments as per IFRS.

Support task for live project implementations

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IT Advisory

Interviewing and understanding the expectations of the client and stakeholders

Documentation of Business process and system requirements.

Project Management support

Project scoping and planning

Defining roles and responsibilities for all stakeholders

Advising businesses on how best to use information technology to meet their

business objectives.

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Expected Learning

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Understanding the nature and mode of work at Deloitte

Domain knowledge in the industry of work

Knowledge transfer sessions with mentor

Client management

IFRS and Indian GAAP differences

Technical knowledge

Interviewing skills

Key Vendors for Deloitte - Business Objects, Cognos, IBM, Informatica, Oracle,

SAP, SAS, Teradata.

References proposed to be used

Research Paper : Key Recurrent Issues in the MIS Implementation Process -

Ginzberg, Michael J.

Research Paper : Toward Friendly User MIS Implementation - Desanctis,

Gerardine and Courtney, James F.

Research Paper : MIS--A Status Report on the Concept and Its Implementation

- Toan, Jr., Arthur B.

Book : Financial Accounting: A managerial Perspective – Narayanaswamy.R

Deloitte Internal resources

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©2009 Deloitte Touche Tohmatsu India Private Limited

Enterprise Resource Planning

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Deloitte’s Enterprise Application Practice

Deloitte helps its clients address their imminent needs as well as implement long term vision by drawing upon a combination of packaged software, efficient processes and comprehensive industry knowledge.

Deloitte India’s professionals gather, analyze, access and use information from across the enterprise to create value in all aspects of client’s business—from the back office to the front desk, from Customer relationship management (CRM) to Enterprise resource planning (ERP).

Deloitte’s Enterprise application service offerings are organized around products:

Infor Oracle SAP

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Oracle:Deloitte’s consulting services include assisting clients in assessing the software’s fit

to their needs, configuring the application and implementing the ERP package. As a global Oracle partner, Deloitte has deep experience in working with all Oracle application offerings. Deloitte’s offerings are shown to dramatically decrease the costs of ownership of a client’s Oracle solution.

SAP :Deloitte is one of the largest, project-proven, SAP consultancies in the world and

have a proven/demonstrated track record for delivering complex enterprise transformation programmes throughout the world. Using a collaborative and simple approach blended with real-world experience Deloitte provides consultancy for successful SAP implementations and to avoid pitfalls typical to many ERP implementations.

Infor: Organisations today look for robust, easy to use, quick to implement, scalable and

value based financial management solutions which can cope with overly optimistic growth plans. Deloitte provides a full range of services for SunSystems, right from configuring the right solution, installation of the software, implementation, training, handholding support to post-implementation review and annual maintenance services.

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Proposed Projects

Study of PLCM(Product Life Cycle management) and ERP in congruence

Different PLM implementation and comparison: Company Size wise

SAP Distribution Modules(PLM) Dynamic PLC (the lacuna between theoretical

Product life cycle and the real PLC) and ways of incorporating it in PLM modules.

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Deloitte’s ERP- Financial service offering is broad and helps CFOs and the Finance function address their challenges

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Shared Services, Integratio

n

Budgeting, Planning

& Forecastin

g

Finance Transformation

TransactionProcessin

g Corporate Performan

ce Manageme

nt &

Decisions

Risk & Capital

Regulations,governan-ce & control

Strategy & Execution

Performance Managem

ent – Cost

Reduction

Expected Learning

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Understanding the nature and mode of work at Deloitte

Domain knowledge in the industry of work

Knowledge transfer sessions with mentor

Client management

Comparative study of various ERP product suites and the reasons behind

choice of particular platform over the other

Technical knowledge

Understanding of the functional mapping of Financials, HRMS, SCM processes

to ERP

Interviewing skills

Key Vendors for Deloitte - Business Objects, Cognos, IBM, Informatica, Oracle,

SAP, SAS, Teradata.

References Julie S. Newlin, Major, USAF: “Effect of Enterprise Resource Planning

Implementation on organizational Productivity”,1998 Stephen V. Stephensona and Andrew P. Sageb, “Architecting for enterprise

resource planning”, Information Knowledge Systems Management 6 (2007) 81–121, IOS Press

Yi-fen Su, Chyan Yang: “Why are enterprise resource planning systems indespensable to supply chain management”, European Journal of Operational Research 203(2010)81 94, 2009

E. Westkamper: “Platform for the integration of Assembly,Disassembly and life cycle management”, CIRP Annals - Manufacturing Technology, Volume 52, Issue 2, 2003, Pages 579-588,IPA, Stuttgart, 2007

Kathryn Hashimoto: “Product life cycle theory: a quantitative application for casino courses in higher education”, International Journal of Hospitality Management, Volume 22, Issue 2, June 2003, Pages 177-195

http://www.deloitte.com/view/en_IN/in/services/consulting/enterprise-applications/index.htm

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Thank You