1. Integrated business services (IBS)
Your Accounting Partner

2. Introduction
Fast, reliable and accurate accountancy and finance related value added service.
Head quartered in Newyork, located in all major cities in USA.
Team of qualified, certified and experienced professionals
Variety of services- opening new book of account, tax related services, book keeping, bank reconciliation, receivable and payable management etc.
Comply with GAAP and International Accounting Standard.
IBS is a partnership firm with head office in Newyork and branches all over USA. IBS provides value added services to its customers in the areas of accountancy and finance. IBS deals with all accounting related issues including receivable and payable management, book entry, tax related services, bank reconciliation etc. IBS has a team of highly qualified accounting professionals (CPAs, CFAs, MBAs and accounting master degree holders) to provide service to its clients. Certified professionals at IBS ensures that best accounting practice is followed and accounting comply with GAAP and international accounting standard. Use of advanced accountancy software guarantees accuracy and speed.
Goal of IBS is to provide fast, accurate and reliable accountancy and finance related services to its clients.

3. Business Organization and Culture
Partnership Firm – 3 partners
Strategic decisions taken at head quarter in Newyork
Each branch is headed by a highly qualified professional
Each employee reports to a partner and partner monitors and controls that employee
Working hour – 9 Am to 5 PM
Organic structure
Participative style of leadership
IBS is a partnership firm having headquarter in Newyork. Branches are in all major cities in USA. Each branch is headed by a highly qualified experienced professional. Each employee reports to a partner. IBS encourages participative style of leadership. Employee’s idea and view is taken and they are included in decision making process. All strategic decision is taken at headquarter level and branches comply with that. In case of any regulatory change and new law enforced, changes are made in the process at head quarter and same is replicated at all branches to ensure uniformity. Disciple is highly values at IBS. Office timing is 9 AM to 5 PM.
IBS promotes organic organizational structure. Seniors are called by name. Idea sharing is encouraged at IBS.

4. Potential Legal or Ethical Issues
Accounting and Taxes
Partner’s Liability to honor debt
Labor laws and employee’s issues
Complying with Accounting Standard
Ethical accounting practices
Professional ethics
IBS is a partnership firm. In a partnership firm, partners have unlimited liability. Partners are liable for all business related obligations.
IBS requires licence to open new branches. To acquire license, IBS has to fulfil certain norms.Being a partnership firm, income and expenses of the business is shown on the partner’s tax return. IBS needs to maintain its book of account properly so that partner’s can file tax return correctly. Also, book of account should be maintained as per GAAP guidelines.
IBS needs to follow labor laws in force.It has to provide minimum pay to the employees prescribed by the labor law. Also, employment issues such as the basic pays, employees benefits, compensations, perks, health care, deductions etc need to be addressed as per the labor laws.
Being an accounting firm, IBS has to promote ethical accounting practice. Complying with GAAP and International accounting standard is not enough. As a CPA, its professional responsibility of employees to ensure that ethical accounting practice is in force.

5. Types of Motivation Employee participation in decision making
Training and development
Remuneration best in industry
Rewards and incentives for out performers
Promotion based on performance
Encourages higher education and skill development
IBS is a knowledge firm. Ideas and suggestions from lower level is encouraged. Employee participation in decision making and implementation is also encouraged. IBS needs to keep skilled staffs (CPAs, Finance MBAs and Master degree holder in Accounting) as accounting is specialized stream. Employees receive adequate remuneration. With changing laws and release of new accounting packages, IBS ensures that employees are trained periodically and remain updated of the changing laws and accounting standard. Also, IBS is using latest accounting packages and softwares, Employees are needed to be trained to use these packages efficiently. As clients pay for hours billed, employees should be proficient with the packages being used.
IBS provides rewards and incentives to the employees who perform well. Incentives may be cash incentive as well as in terms of promotion or other intangible forms. This is in the interest of employees as well as IBS. Motivated employees contribute more to the organization and that leads to client satisfaction which generates repeat business for the firm. , Some of the best ideas came from lower level. Employees who come up with useful ideas are appreciated by the management.
As accounting is specialized stream, regular updation and professional upgradation of employees is very much encouraged.

6. Human Resource Management
Recruitment
CPAs, CFAs and Accounting professionals
Skilled employees
Experienced professional
Training and Development
Periodical Training to employees
Technical Training on software and accounting packages
Regular professional upgradation
Placement and Promotion
Posting at choice of place
Promotion performance based
No Firing
Recruitment:
The ideal candidate should:
* Have a masters degree in accounting or finance from a reputable university, or
* Be studying for CPA with the intermediate stage qualified, or
* Studying for CFA level 2, or
* Have a bachelors degree in accounting, commerce or business management
* Bachelor degree holders must have an experience of working in such environments for at least 2 years. The rest should have an experience of at least one year.
Training and Development:
All candidates are required to have sound knowledge of the companies act . With changing laws, professional upgradation of the employees is required. Periodic training of employees is conducted to impart knowledge on new laws. IBS uses advanced software packages., Employees are trained to use the package efficiently. With any new release or version change, same is communicated to the employees through proper channel and if need arises, training session is conducted.
Placement and Promotion:
IBS believes in hiring best employees and retain them. Various incentives are provided for employee satisfaction. Employees are posted at their choice of posting as far as possible. They are rewarded for out performance. Promotion is purely on the basis of performance.

7. Technology Latest Accounting Packages
Robust, computerized and real time processing accounting system
Regular upgradation of the package as and when any law changes
Packages complying with Accounting standard
A robust, computerized and real time processing accounting system is used at r IBS. Such an accounting system ensures that:
* IBS itself gets proper books of accounts that are balanced
* A clear chart of accounts showing the different categories of accounts like assets, expenses, capital, liabilities etc.
* New accounts for clients are created with relative ease.
* New and existing customer accounts are tracked in real time
* The liquidity position can be judged at any time and compared with set targets
* Employee progress could be tracked
* Profits and expenses are highlighted
* Variance reporting is generated at proper times
With changing laws and accounting standard, package is upgraded to comply with accounting standard. State of the art computer systems also enhances the productivity of the employees and the firm

8. Operations and Materials Management
Central Purchase of software, journals, books etc.
Tie-up with Courier Service
Regular monitoring of requirement and need of purchase of new books and softwares
Stationery purchased at branch level
IBS ensures uniformity in practice across branches. Same accounting package is used across the branches. All required software, books, Journals and required aids are purchased centrally and shipped to the branches by courier. Many of the things are purchased periodically and also many books of accounts are needed to be transferred from one location to other location frequently, IBS has tied up with courier service to ensure fast delivery.
Requirement of new software and books is analyzed at headquarter level and purchased centrally. Stationery is purchased at branch level. IBS keeps no stock of stationery. Inventory of books and software are kept at branch level so that employees can refer to them when required.

9. Conclusion Highly qualified team of professionals
Provides a range of accounting and finance related services
Using robust, computerized and real time processing accounting system
Benefiting from the ongoing increase in population
Benefiting from increasing income level of senior citizens
Threat exists from Continued sophistication and affordability of Accounting software
Client Satisfaction is the Goal.
IBS has employees who are highly qualified and proficient in their job. They are qualified accounting professionals with 1-2 years of experienced who can handle various types of accountancy jobs. IBS provides a range of services viz.:
-Opening new books of accounts
-General bookkeeping using, Peachtree, QuickBooks Pro, Sage and MS Excel software
-Receivables and payables accounting and management
-Bank reconciliation
-Financial statement preparation (using International Financial Reporting Standards)
-Budgeting, based on zero basis and rolling basis
-Standard costing and variance analysis
-Assistance of management in setting up internal control
- Consultation on corporate social responsibility
Use of robust, computerized and real time processing accounting system ensures that IBS itself gets proper books of accounts, clear chart of account. With the use of system, Employees performance can be tracked, profit and loss can be highlighted. It also helps in achieving client satisfaction as it helps the firm in maintaining standard and accuracy. Client satisfaction is the goal of the firm.
There are several opportunities for IBS like:
* Benefiting from the ongoing increase in population to the New York area
* Increasing income levels of the population over the age of 60 that have aggressively saved for retirement and have increasingly complex tax planning, tax preparation, and estate planning needs.
* Growth that is occurring in the industries where we possess expertise
However, Increased competition from sole practitioners and new firms poses threat. Also, continued sophistication and affordability of software that replaces or minimizes the role of a CPA for tax preparation, accounting, and bookkeeping services.
Under the guidance of visionary partners, IBS will be able to establish itself as a reputed accounting firm.

10. References
Retrieved on August 14th , 2009.
Retrieved on August 14th , 2009.
Retrieved on August 14th , 2009.