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Ensuring the internal control system functioning & strengthening the internal control system & sox documentation & complince.
Preparation of accounts for quarterly review as per SEBI requirementPreparing Consolidated Quarterly, Annual and Tax Financial statements as per Indian GAAP & IFRS GAAP and schedules thereto.Presenting a true and fair view of the financial position of the company by preparing financial statements viz, P&L Account, Balance Sheet and annual reports.
Controlling aspects of Division wise profitability repotingPreparing budgets, forecast and comparison with actual level to determine difference between projected figures & actual expenditure and suggesting corrective actions.
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BUDGET & MIS: • Project costing, Cost monitoring and final evaluation • Preparation various EIS Reports and their analysis for managerial decision making and strategic business plans. • Variable Cost Analysis • Flash Profitability Reporting • Strategic Business Unit Reporting • Continuous monitoring of the Production Yields. • Variance analysis and interpreting final outcome in the MIS reporting • Comprehensive analytical Review, Profitability Analysis • All types of MIS reporting as per the needs of the management. COST MONITORING/COST CONTROLLING: • Implemented all internal control systems relating to Stores, HR, Admin and Accounts/Finance right from the initial project start up phase. • Devised standard norms for all core Direct Materials and Direct costs for further monitoring on monthly basis by means of Variable Cost Analysis. • Controllable Expense Monitoring & Reduction Actions • Continuous monitoring of Fixed Cost elements to strictly adhere to the specific budgets fixed. Monthly comparison of Plan Costs with Actuals. AUDIT & COMPLIANCE: • Attending to Internal & Statutory Audits • Establishing, Improving & Strengthening of Internal Controls • Statutory compliance in the fields of Service tax, Income Tax, Professional Tax, P.F., E.S.I. etc. • Preparation of Income Tax Returns as per the provisions of Income Tax Act, calculation of Fringe Benefit Tax, Assistance given in the field of tax planning in case of salaried earners. Filling of E-TDS returns • Preparation of Annual Returns as per the Indian Companies Act, preparation of Service Tax Return • Preparation of VAT Return.
FINANCE: • Working Capital Management, including Cash Management, Debtors’ & Creditors’ analysis taking full use of floats ACCOUNTS: • Monthly closure of accounts. • Fixed Assets Capitalization, depreciation calculations, maintaining Asset Register. • Book keeping and accounts review, Reconciliation of Bank, Vendors,etc • Daily supervision of Accounts Department • Reviewing of GL balances periodically to ensure accuracy and proper book keeping. • Keeping track of all provisions and Cost center allocation to reflect expenses under proper heads. • Monthly Valuation of Finished Goods and Work in Process to show actual cost in books following Accounting Standard – 2 issued by ICAI. • Monthly closing of accounts as per the practice adopted in SAP.
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