Assistant Business Controller
Accenture Services Pvt Ltd
Total des années d'expérience :19 years, 9 Mois
Budget| Budget Communication and define rhythm within the Finance community.
|Budget Tool Set-up| Collect information viz Gatekeepers, Budget Company, Currencies, Cost Center/ Internal Order mapping, Tax Rate and co-ordinate with IT to set them up in Budget Tool. Perform a 100% audit in UAT to check before launch of Budget tool in production.
|Centralized Budget Process Worldwide Operation| Expenses under central inputs perview - Incentive Compensation, Marketing, External resources, Bad Debt, Non-People, End Customer Investment Fund, Revenue Adjustment/ Revenue Driven.
Co-ordinate with Central Finance Team for Worldwide Budget Target and the level of details the target will be provided.
Design Power BI Budget models to cascade Budget Area Targets.
Co-ordinate with Area Financial Controllers to agree;
o the level of details at which the cascade should be posted.
o decide the exchange rates to be used in posting.
o Seasonality option to be made available in Budget models (viz prior year Budget/Forecast/Actual)
Update headcount ramp model to cascade Budget Headcount with Average Salary.
Assist Area in updating Budget adjustment (Expenses/headcount) throughout the Budget cycle.
Update reconciliation template to check if all budget adjustment posted are inline with Area target.
Update reconciliation template to check People Cost, where Cost Per Head approach of Budgeting is implemented. This process helps to identify new Cost centers which should have CPH posting.
Budget Product Allocation Rules set up wherever needed.
Budget FX Adjustment after new fiscal year Budget rates are finalized.
1 of 3 Budget super user, post tools lock out for the Area users.
| Forecast| Forecast Communication and define rhythm within the Finance community.
|Forecast tool set-up|
Understand Global PL reporting structure/changes from prior year, for the current Fiscal year by syncing with Central finance team.
Sync with Area Financial controllers every fiscal year to agree and define;
o The Geo Hierarchy for respective Areas.
o The Account Hierarchy and the level of detail each expenses will be forecasted with, viz Incentive Compensation/Revenue Adjustment expenses at Cost element level, Payroll at line item detail, People cost other than IC/payroll and OPEX at Line item.
Define Functional Hierarchy for all Area’s in a sync with subject matter expert of each expenses head (viz Ring Fence Marketing).
Define Pfam attributes for forecast and help set product allocation rules wherever needed.
|Centralized Forecast Process Worldwide Operation|
Perform reconciliation to check
o Q1 Forecast equals Budget before tool opens to area users and any subsequent Forecast should equal Prior Forecast.
o Geo Hierarchy/ Account Hierarchy / Functional Hierarchy are inline with the set up agreed with Area Controllers and follow up with respective stake holders to get sign off for the Forecast tool setup
Co-ordinate with respective subject matter expert to work on a draft forecast guidance for Area users before tool opens in production.
Help area’s where forecast posting to be at a more granular level than what is defined in the tool.
|Other Activity| Budget Re-statement |Aged position Control closure| Inactivating Profit Center/Help validate new Profit center creation|
(Moved from Microsoft India on Account of transition of Process to Accenture)
Chief areas handled were-
•Preparation of Monthly MIS.
•Reviewing the GL.
•Responsible for handling the Statutory Audit & resolving queries.
•Maintenance of Asset Register for all the subs of the company.
•Calculation of written down value of assets for each quarter.
•Computation of FOREX Gain & Loss and proposing journal entries.
•Weekly Debtor Statements for the computation and estimation of net receivables.
•Active involvement in EDP team in developing and improvising the ERP package that is currently implemented in the company.
•Preparation of Budget and Variance analysis.
•Vendor reconciliation and payment follow-up.
•Review for Job work done and payment clearance after completion of work.
•Preparation of report as required to be filled before Public Issue
•Salary Audit and corresponding payments to Government Bodies.
•Review of Intercompany balance.
• TDS deductions and its payments to Tax authorities.
Malanad Veneers, Shimoga
Tasks undertaken:
•Accounting of Receipts, payments and day to-day transactions.
•Bank Reconciliation
•Measurement of yield on day to day basis
•Raising of Sales bill & following up for payments
CWA (Inter) qualified
in