CA AMIT CHAWLA

 Financial reporting - Preparation of Financial Statements which includes the Balance Sheet, Statement of Profit and loss, Other Comprehensive Income, Cash flow Statement and Accounting policies as per IFRS on Quarterly, Half yearly and Yearly basis.
 Drafting of Notes to accounts including Market risk, Foreign currency exposure risk, Interest rate risk, Liquidity risk and Credit risk.
 Analyze Trial Balance and pass necessary adjustments - accrued incomes and expenses, prepaid expenses, fixed assets etc for the line items to ensure accurate disclosure.
 Passing the IFRS adjustment entries and performing all the calculations for arriving at those figures.
 Practical application of IFRS 9- Financial Instruments, IFRS -7, IAS 16- Property Plant and Equipment, IAS 40- Investment Property, IAS 19- Employee Benefit, IAS 12- Income Tax, IFRS 3- Business Combination, IAS 18- Revenue, IAS 10 - Events After Reporting Period, IFRS 1- First time adoption of IFRS, IAS 20- Government Grant
 Knowledge of Hedge accounting, Financial instruments such as Forwards, Swap etc and Investment accounting as per IFRS.
 Conversion of Financial statements from IGAAP to UK IFRS.
 Compliance with disclosure requirements as per IFRS reporting principles

ACCOUNTING & ADVISORY

1. Preparation of Financial Statements and reviewing Company’s accounting policies in accordance with Indian Accounting Standards.
2. Conversion of Financial statements from IGAAP to UK IFRS.
3. Preparation of Consolidated Financial statements under IGAAP.
4. Assisted in Indian AS Conversion project via aiding advisory on some accounting treatments in accordance with Indian Accounting Standards.
5. Working Knowledge of Hedge Effectiveness Testing.
6. Knowledge of Hedge Accounting and Investment Accounting as per IFRS.
7.Impairment Testing of Non-current investment as per I GAAP.
8.Accounting for accruals, prepaid expenses and fixed assets.

STATUTORY AUDIT / ASSURANCE

1. Performing analytical review of financial statements and doing commentaries for material Balance Sheet and Profit & Loss movements.
2. Guaranteed compliance with the Accounting Standards issued by Companies (Accounting Standard) Rules.
3. Audit of financial statements under IGAAP and IFRS.
4. Handled multiple facets of audit:
• Opening Balance Scrutiny • Expense Scrutiny • Reconciliation of Banks • Testing of Mutual Fund Investments • Journal Vouching • Scrutiny of Debtors & Creditors • Testing of Provisions • Scrutiny of Loans & Advances, Outstanding Loans • Scrutiny of Cash Flow Statements • Audit of Consolidated Financial Statements • Scrutiny of Notes & Disclosures in Financial Statements etc.
5. Prepared audit reports and statement on Companies Audit Report Order (CARO)