Aaisha Faisal Shaikh

• Participated in global design workshops across finance modules, critically reviewing SAP-proposed solutions for Accounts Payable, Accounts Receivable, Asset Accounting, General Ledger, Leases, Fund Management, and Controlling.
• Evaluated and provided structured feedback on Signavio process flows and Solution Design Documents (SDDs) to enhance clarity, completeness, and alignment with business requirements.
• Analyzed existing (As-Is) processes of the Kuwait entity and collaborated with the System Integrator to identify and address localization gaps and delta requirements.
• Consolidated key decisions and action points from localization workshops and presented insights to the Controller, ensuring comprehensive coverage and ease of understanding.
• Performed research on alternative SAP modules and solutions, enabling leadership to evaluate pros and cons and make informed module selection decisions
• Actively coordinated with the System Integrator during localization, tracking open items, facilitating follow-ups, and ensuring timely closure of actions and sub-process demonstrations.
• Identified and articulated customization requirements within proposed SAP designs specific to the Ooredoo Kuwait entity, ensuring alignment with local business and regulatory needs.
• Reviewed and refined accounting entries within the Controlling module and Rebate SDD, ensuring accuracy and compliance with underlying accounting principles.

VFS Global - 250 entities across globe
Conducted Presentations to the stakeholders of proposed solutions for Asset Accounting -A2R, Lease
Accounting and Month end Forex Run.
• Presented proposed sub-processes jointly developed by myself and SAP consultant to the client.
• Engaged stakeholders to evaluate proposed solutions and secure consensus on the optimal process design
among available alternatives.
Prepared Business Blueprints for Asset Accounting -A2R, Lease Accounting and Month end Forex Run.
• Developed process overviews integrating IFRS requirements with SAP S/4HANA Public Cloud functionality.
• Designed sub-process flows using SAP Signavio to visualize system navigation.
• Documented detailed business user-level steps outlining process purpose, application, and role-specific actions.
• Embedded maker-checker controls within workflows to strengthen compliance and segregation of duties.
• Defined journal entry logic aligned with IFRS and SAP system behavior for accurate financial reporting.
Asset Accounting - A2R
• Covered end-to-end sub-processes including acquisition, depreciation, impairment, revaluation, asset transfers,
and retirements.
• Provided targeted guidance to SAP consultants on configuring impairment processing in S/4HANA, identifying
suitable tools and workarounds in the absence of a dedicated impairment application.
Lease Accounting
• Provided guidance on IFRS 16 sub-lease to SAP configuration team, ensuring SAP system entries aligned with
accounting standards where default behavior initially diverged from IFRS requirements.
Month end Forex Run
• Guidance given to SAP teams to prioritize revaluation based on functional currency in accordance with IAS21,
explaining the limited relevance of group and other currencies. This clarity enabled timely and focused workshop
execution.

Hewlett-Packard Inc. - 149 entities across globe
Audit Coordination and Financial Statement Preparation
• Supported controllers by preparing financial statements using Workiva for HP legal entities in India, Nigeria, and Luxembourg. This support included preparing schedules, notes to accounts and audit JVs for important areas of financial statement like Receivables, Leases, Revenue etc.
• Prepared cash flow statements using the indirect method in accordance with IAS 7, while leading the team on additional cash flow preparation for other legal entities.
• Acted as liaison between external auditors and process owners for data collection, sample provisioning, and resolution of audit queries.
• Gained hands-on experience with SAP S/4HANA, particularly for GL-level scrutiny.
• Closed audit requirements on a timely basis ensuring an early sign-off for financials.
Receivables and Expected Credit Loss (IFRS 9)
• Prepared receivables ageing schedules by analyzing SAP GL dumps and identifying due dates based on payment term indicators (e.g., T30, T60).
• Classified receivables into ageing buckets and applied provisioning using historical loss patterns, following the Expected Credit Loss (ECL) model as per IFRS 9.
Security Deposits (IFRS 9)
• Prepared amortization schedules for lease-related security deposits by discounting future cash flows to present value.
• Prepared schedules for systematic unwinding the discount to recognize annual finance income and maintain compliance with IFRS 9.
• Drafted audit-ready journal entries for initial recognition and subsequent unwinding of security deposits in line with SAP S/4HANA data and financial reporting requirements.
Lease Accounting Adjustments (IFRS 16 vs. US GAAP)
• Prepared adjustment entries to align non-leading ledgers with IFRS 16, addressing differences from US GAAP operating lease treatments.
• Utilized Lease Accelerator data to extract IFRS-compliant figures for S/4HANA ledger adjustments.
• Posted manual journals to reverse operating lease entries, recognize ROU assets and depreciation, and adjust lease liabilities with finance cost unwind.
Revenue Accounting (IFRS 15)
• Extracted and consolidated revenue-related GLs from SAP S/4HANA.
• Adjusted revenue figures by eliminating discount and rebate accounts to ensure compliance with IFRS 15 revenue recognition principles.

A top-tier Indian chartered accountancy firm serving diverse clients across sectors.
Statutory audit:
• Conducted statutory audits both independently and collaboratively for a range of entities including private
companies and semi-government institutions across diverse sectors such as healthcare, education, finance,
and manufacturing.
• Notable clients included Institute of Actuaries of India, National Institute of Fashion Technology (NIFT), Tata
Memorial Hospital, KJMC Finance, and Bombay Wire Ropes Ltd.
• Designed audit procedures tailored to each clients industry and risk profile, including control testing and
substantive procedures.
• Performed end-to-end verification of financial statement line items, ensuring alignment with applicable
accounting standards and statutory laws (e.g., GST, TDS, Professional Tax).
• Identified misapplications of accounting treatments and measurement bases—such as misclassified
investments—and advised clients on corrective adjustments.
Finalization of accounts:
• Independently handled the preparation and finalization of full sets of financial statements—Profit & Loss,
Balance Sheet, Cash Flow Statements, and Notes to Accounts—for both standalone and consolidated entities.
• Key client: Samara India Capital, a group engaged in private equity investments.
• Ensured accuracy of underlying accounting data through thorough ledger reviews and cross-verification with supporting documents.
• Rectified critical issues such as non-remeasurement of foreign currency open items and ensured the correct application of accounting standard IAS 21 the effects of changes in foreign currency.
• Reviewed compliance with disclosure requirements under Indian GAAP and IFRS, ensuring readiness for statutory audits and stakeholder reporting.