Kavita Panchal
Chartered Accountant
Mumbai
Summary
Finance professional with 4+ years of experience in financial reporting under US GAAP, IFRS, and Ind AS. Skilled in preparing and analyzing financial statements, ensuring compliance, and driving process improvements. Committed to leveraging my expertise to drive organizational success while continuously advancing my professional growth.
Overview
9
9
years of professional experience
6054
6054
years of post-secondary education
Work History
Senior Executive
JioStar (Erstwhile Disney Star)
07.2022 - Current
- Managed financial reporting and compliance for JioStar, Disney Star India, ESPN India and International markets (APAC, EMEA), ensuring 100% compliance with US GAAP, Ind AS and local regulations
- Delivered strategic projects, including the Star-Viacom merger, providing accounting guidance and enhancing financial controls
- Merger accounting activities between 2 legal entities
- Quarterly Balance Sheet submissions and PL schedules to US Team for External Reporting
- Ensured timely closing of books & performed in-depth analysis of PL & BS numbers as per the Corporate TWDC timelines
- Ensured timely submission of all quarterly deliverables to APAC & EMEA Controllership team for onward submission to US
- Marketing & SGA cost analysis, Ad revenue, syndication for TV Business (Analyzing the same with forecast and previous month's actual numbers)
- Managed intercompany balances at Disney India level, minimizing intra-company mismatches and ensuring compliance with the 90-day settlement policy in collaboration with the IC team
- Liaised with SOX Audit team, complying & completing SOX walkthrough and control testing
Associate
Tata Consultancy Services Limited
09.2020 - 07.2022
- Financial Reporting of European subsidiaries of TCSL
- Monthly & quarterly management reporting under IFRS
- Preparation of Annual Financial Statements for 3 Legal entities under Local GAAP for Statutory Reporting
- Preparation of Schedules, Report, Analysis & IC Reconciliations
- Digitalization of Financials & SOX testing of controls
- Work on annual financial closing requirements such as AGM Q&A and TATA Sons FFC Reconciliation
- Related party disclosure of Tata Sons and it's subsidiaries, Associates and Joint ventures
Article Assistant
M/s. T.D. Shah & Co. Chartered Accountant
09.2016 - 09.2019
- Determination of Tax Liability and other compliance matters in areas of Income Tax, TDS of various persons like Individual, HUFs, Partnership Firms, Private Limited Companies, Trust
- Preparation and filing of Income Tax and TDS Returns
- Handled cases of Rectification of Income Tax as well as TDS Returns
- Determining the applicability and impact of Minimum Alternate Tax u/s 115JB of the Act and conducting audit as per rules framed under Income Tax Act, 1961
- Preparation of submission for regular assessment cases (including Scrutiny assessment and Block assessment) and compliance with the notices issued by Income Tax Department
Education
Chartered Accountant -
Institute of Chartered Accountants of India
Bachelor of Commerce -
Mulund College of Commerce
High School -
K.J. Somaiya College of Arts And Commerce
Skills
- Financial Reporting
- Variance Analysis
- Time management
- Team collaboration
- Adaptability and Flexibility
- Problem solving
- Multitasking
TECHNICAL SKILLS
- US GAAP
- Ind As
- IFRS Reporting
- Hyperion Financial Management
- Oracle R12 ERP
- Microsoft
- SAP R3
- SAP BW
- MS Excel
- Power Point Presentation
- Share Point
Timeline
Senior Executive
JioStar (Erstwhile Disney Star)
07.2022 - Current
Associate
Tata Consultancy Services Limited
09.2020 - 07.2022
Article Assistant
M/s. T.D. Shah & Co. Chartered Accountant
09.2016 - 09.2019
Chartered Accountant -
Institute of Chartered Accountants of India
Bachelor of Commerce -
Mulund College of Commerce
High School -
K.J. Somaiya College of Arts And Commerce
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