Abstract: A system for converting and presenting financial information from at least one accounting and reporting standard to another accounting and reporting standard comprising an access control means to verify credentials of a user logging in to get access of the system, an input source for feeding in transaction details and calculating account head-wise trial balance; an extraction layer for fetching the head-wise trial balance from the input sources; a financial data management module (FDM) for validating and mapping account head-wise trial balance received from the input sources; an ETI block for fetching and populating account head-wise trial balance and populating the same into a database through an interface table; the interface table for converting head-wise trial balance and fetching other transaction details together known as financial information, for conversion purpose.