DIKSHA CHATOLA

Statutory Audit

· Consolidation of reconciliations for Inventory and Cost of goods sold accounts for Amway India financials reporting.

· Inventory movement reports from Raw material to FG for Internal software JDE & EBS

· Purchase price Variance and efficiency variance workings for annual allocations

· Standard and actual overheads workings

· Capacity utilization workings

· Adjustments journals for the year end

· Cost and net realizable value comparisons for provision purposes

· segment reporting

· Bills of material samples reporting to statutory auditors

· resolutions and clarifications to the auditor's query

· Primary and secondary ledger books reconciliations for management reporting

· Export reconciliations year end

· Excess, obsolete and NTBU inventory workings for provision

· Coordination with different teams for stock count reports, depreciation, variable and fixed costs etc.

· Coordination with IT team for process improvements and solutions to auditors queries

· Documentations for Statutory Audit Cost Audit ICoFR from Inventory point of view

Miscellaneous activities during statutory audit:

· Valuation workings post auditors review

· Expiry report working

· Receipt route inventory

· Ageing report

Cost Audit

· Standard costs of current year and previous year

Internal Controls for Financial Reporting

· Reporting data for internal control on financial reporting to Auditors

Tax Audit

· Reporting of Clauses 35 & 40

Additional Duties:

· Standard cost setups in JDE & EBS

· Annual standard cost roll up activities

· Standard cost integrity reports for US costing

· Month end Journals postings

Statutory Audit

· Inventory movement reports from Raw material to FG for Internal software JDE & EBS

· Purchase price Variance and efficiency variance workings for annual allocations

· Standard and actual overheads workings

· Capacity utilization workings

· Cost and net realizable value comparisons for provision purposes

· Bills of material samples reporting to statutory auditors

· Primary and secondary ledger books reconciliations for management reporting

· Coordination with different teams for stock count reports, depreciation, variable and fixed costs etc.

· Documentations for Statutory Audit, Cost Audit ICoFR from Inventory point of view

- Working as an accounts officer under the Global Standard costing team (India & USA)

- Leading the US daily process for standard costing team.

- Setups of standard costs for SKUs, finished goods, raw materials.

- Communicating and issue resolving with the Amway stakeholder worldwide.

- Analysis of cost variances in actual and standard costs.

- Analysis and cost computation for Idea to market products for India Launch.

- P&L sheets monthly maintenance.

- Providing data related to costs to the auditors for Annual Statutory, Cost & Tax Audits.

- Analysis of overheads and other costs related to manufacturing of products.

- Cost analysis and calculations for the products for export purposes.

- Processing the costs related to transportation in exports.

Deskerra Solutions is a boutique accounting and book-keeping firm focusing on all the aspects for your business holistically.

- Provided financial consulting solutions to e-commerce businesses with the help of software like Quickbooks, Xero and NetSuite

- Preparing weekly and monthly cash flows

- Preparing automated excel sheets to simplify routine tasks using advance excel and VBA

- Investments and Revenue trend analysis, suggesting future course of action in terms of change of strategy for profit maximization using MS Office tools and accounting software.

- Financial health analysis of client’s E-commerce business on Amazon

- Preparing financial statements and their business performance analysis

- With the support of my mentor forecasting future performance of the business taking into considerations all the factors that directly or indirectly affects the business using sales as base approach.

- Worked on casework for Mass Torts

- Worked on medical records by thoroughly reviewing all pertinent medical events highlighted and tagged with appropriate notes.

- Prepared fact sheets for the clients on the basis of case summary.

- Reviewed medical history to bring up instances where the history is incomplete. We identify all missing medical records needed and highlight criticality of missing information to help build a solid case.