Summary
Overview
Work History
Education
Skills
References
Timeline
Generic
BHARATH KUMAR

BHARATH KUMAR

Summary

  • To be a part of an organization where I can grow in terms of knowledge, skills and attitude and put to an effective use my analytical abilities and professional competence in the areas of accounting, auditing & strategic budgeting, to align self-development with organizational development. PROFILE SUMMARY
  • Skilled in preparing, reviewing and explaining Profit & Loss, Budget/Forecast and Balance Sheet reconciliations for closure (including open, unusual and aged items); well versed with INDAS and USGAAP.
  • Expertise in preparing USA Sales Tax Returns, Annual Tax.
  • Expertise in handling Statutory Audit, Tax Audit, TP Audit and Internal Audit and delivering the reports within time limits with no qualification.
  • Expertise in handling GST, VAT, CST and Service Tax related matters.
  • Comprehensive exposure in developing, implementing, and improving in product costing, inventory analysis, variance analysis, and financial reporting.
  • Expertise in preparing Income tax Returns and Provisions statements for assessments.
  • Effective leader with excellent motivational skills to sustain growth momentum while motivating peak individual performances.
  • Proficient user of finance software like QuickBooks, Microsoft Dynamic Central (Nav), Tally ERP. AREAS OF EXPERTISE
  • Planning and executing monthly / quarterly / annual closure schedules, providing monthly financial statements with variance analysis; administering the monthly closing process.
  • Ensuring reclassification and accounting of wrong or unaccounted entries prior to closure of the General Ledger.
  • Managing all facts of cost accounting including budgeting, forecasting, financial analysis, variance reporting, cost control, product costing, product standard cost development, and so on for job order and process costs.
  • Working with senior team members in analysing, planning, and devising a tax-efficient business model that would result in tax savings to the organization.
  • Involved in the preparation and submission of appeals with Direct and Indirect Tax Consultants.
  • Expertise in Payroll Management, Labour Laws. Personal skills
  • Ability to work in a team environment
  • Initiative and desire to excel
  • Strong accounting and system knowledge
  • Capability to supervise the work of others
  • Proven track record of client service Academic Achievements
  • 56th Rank In Experts in CACLUBINDIA “Hall of Fame “ Experts Forum 2014
  • National Quiz Contester in 2009
  • University Champion in Yoga in 2009
  • Intuit Quick Book Pro Advisor” in 2016
  • Drama Artist in Samasti Theatre Group / “Kusuma Saranga” in Subrahmanya
  • Best Outgoing Student Award in College in 2009
  • 9 Times Champion in Quiz contest in Mangalore University

Overview

14
14
years of professional experience
1
1
Language

Work History

EventTracker
01.2017 - 09.2023
  • Netsurion) IT Software.: AM- Finance
  • Key Result Areas
  • Reviewing the TB before preparation of financials and making necessary adjustments such as creating provisions, prepaid amortization and provision for tax-related entries etc
  • Handled the preparation of important information for bank financing on acquisitions, financial statements, corporate profile information, rationale for acquisitions, and combined projected financials
  • Oversaw balance sheet across cash accounts, accounts receivable, prepaid assets, fixed assets, accounts payable, and accrued expenses
  • Preparation of monthly and quarterly financial statements within 3 working days and analyzing variances for smooth consolidation with the corporate books
  • Preparation and analysis of Actual/ Forecasts/ Budgets
  • Monitoring processes of, Sub ledger Review: Accounts Payable, Accounts Receivable schedules and GRIR reports
  • Bank: BG, FIRC and BRC
  • Customs: Filing annexure of duty concession imports and applying for re-credits Fixed Assets: Capitalization, CWIP review, retirement/impairment and depreciation
  • Indirect Tax functions: GST, Vat, CST and Service Tax related returns and assessments
  • Monthly cash forecast for the management
  • Reconciliation of intercompany transactions and schedules
  • Closing the discrete jobs order and expenses job order for the finished good completed
  • Analysis of purchase price variance and material usage variance and educating the procurement and production team to minimize the variances
  • Inventory, WIP and inventory receiving schedules to reconcile with GL and providing necessary adjustments
  • Responsible for handling entire Statutory Audit, Tax Audit and Internal Audit and delivering the reports within timelines such as, Preparation of Financials as per Schedule III and IGAAP & IND AS
  • Preparation of FORM 3CD and 3CEB Tranfer Pricing & Due Diligence Filing Income Tax returns with IT department Filing FLA Return with RBI
  • Preparing Board Minutes and AGM minutes and reviewing Auditor’s report Filing Annual Returns and other compliance reports with MCA Reviewing the Internal Audit Reports
  • Effectively liaising with, AP, AR, FA, Bank and inventory teams for smooth integration with GL Statutory auditors for finalization of accounts as per IGAAP and resolving the queries
  • Statutory auditors for tax audit and transfer pricing audit
  • Ensuring quarterly roll out the transfer price to find the value for the finished goods as per BOM
  • Quarterly roll out the Material Standards to find the Transfer Price for the Finished Goods as per BOM
  • Facilitating absorption of material overhead, manufacturing overhead, direct labor and general and administration overheads as per the material standards
  • Involved in setting up inventory module for new organization and valuation of inventory and analysis of excess and obsolete inventory
  • Significant Accomplishments
  • Have been USA Complete Accounting from three years
  • Due Diligence and worked the merger and Acquisitions (2 Companies)
  • Handling the entire Statutory Audit within the stipulated time and make sure to file the various returns in time
  • Incorporated a new company under Companies Act, 1956
  • Set up Repair unit as per Customs Act
  • Automated the preparation of sub ledger reports that had previously required more than 50 hours of effort per week, which resulted in closing books within 3 days.

Prism Networks Private Limited
08.2011 - 12.2016
  • A world’s leading information technology (Software Development) company, offering varied technology led business services & solutions.

Team Lead

04.2016 - 12.2016

Sr. Executive

04.2012 - 03.2016

Executive

M/s B P Rao & CO
08.2011 - 03.2012
  • Major Job and Responsibilities includes
  • Managing accounting activities including preparation of cash and bank books, finalizing books of accounts
  • Work closely with Local Tax Authorities (Scrutiny, DGFT, STPI, Commercial Tax, EPFO)
  • Generating the General Ledger Reports & Accounting Journal reports and Checking the Balances
  • Working Knowledge With “Intuit Quick Book Pro”
  • Excellent knowledge of short- and long-range budgeting
  • Monitoring Daily Accounting Transactions and Doing Reconciliation function
  • Preparation of MIS Reports periodically, Budget Forecasting and Ratio Analysis
  • Work on the Firm’s transfer pricing arrangements and documentation
  • Working with the various local offices on the implementation of Firm’s internal Corporate Tax
  • Preparation of Year-on-year comparison and various reconciliations for control purposes
  • Handling Audit queries of external Auditors and the companies Tax experts
  • Filling of E Returns of Direct Taxes, Provident Fund, Sales Tax, STPI, Excise & Customs
  • Preparation of Payroll management, Monthly Budget Cost etc
  • Determined knowledge in Excise & Customs Like SEZ Rebate, Advance License, STPI Works
  • Business financial Analyses, Job costing i.e per unit, Product and Variance Costing
  • A Bangalore Based CA Firm, serving Corporate World in the field of Audits and Consultancy Services since 1968.

Article Assistant

BHEL Ltd, Mysore Paper Mills Ltd, Maruthi Udyogh Limited, Sagar Group of Companies, Reliance Retail Ltd, Mangalore Chemicals Limited
, Karnataka
04.2009 - 08.2011
  • 5 Years )
  • Managing Audits of Corporate Clients
  • Tax audit of Partnership Firms and Companies
  • Consultancy Services
  • Audit Assignments Handled:
  • Companies
  • BSNL – Karnataka circle, Banking Sector, Statutory audit of Syndicate Bank, Canara Bank
  • Roles:
  • Acquired skills relating to ERP Packages
  • Filling of All Returns, Vouching, Internal Auditing, Statutory Compliance
  • Finalization of Balance Sheets, Cost Reports, Cost Audit
  • Had good experience of Revenue Techniques and Functioning of Oil Industry
  • Got awareness about the International Transactions
  • Excellent exposure to day-to-day transactions in Banking Industry
  • Filling of Returns
  • Articleship Training
  • Technical Exposure
  • Tax audit of Partnership Firms and Companies
  • Stautory and internal audit of Companies
  • Preparation and Filing of e-TDS returns
  • Indirect tax Services like Service Tax, VAT
  • Working knowledge of Computerized Accounting in (Tally-7.2, 6.3, 5.2,9)
  • Microsoft Office (Word, Excel, Power Point)
  • Personal Development
  • Learned how to work in Team and meet the Deadlines
  • Honed myself to be a Good Coordinator and Team Leader
  • Ability to work in challenging environment
  • Qualifications
  • PROFESSIONAL
  • CMA (US) Pursuing Result in June 2024
  • C.A
  • Foundation Aug 2009 50

Education

B. Com - undefined

Mangalore University
2009

PUC - Commerce

Sri Ramakunjeshwara P U College
2006

SSLC - undefined

Karnataka Education Board
2004

Skills

  • IT Skills
  • ERP: QUICKBOOKS, MICROSOFT DYNAMIC NAV, BUSINESS CONTROL, TALLY ERP
  • MS Office: Expertise in MS Excel, Word and Power Point
  • Computer skills
  • Working in a fully computerised environment having Proficiency in
  • MS-Office, Windows
  • Functional knowledge of Accounting and ERP packages (SAP Basic, Tally, Quik Book, Saral E Tax )

References

References can be furnished on request.

Timeline

EventTracker
01.2017 - 09.2023

Team Lead

04.2016 - 12.2016

Sr. Executive

04.2012 - 03.2016

Prism Networks Private Limited
08.2011 - 12.2016

Executive

M/s B P Rao & CO
08.2011 - 03.2012

Article Assistant

BHEL Ltd, Mysore Paper Mills Ltd, Maruthi Udyogh Limited, Sagar Group of Companies, Reliance Retail Ltd, Mangalore Chemicals Limited
04.2009 - 08.2011

B. Com - undefined

Mangalore University

PUC - Commerce

Sri Ramakunjeshwara P U College

SSLC - undefined

Karnataka Education Board

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BHARATH KUMAR