Sathish Gangula

• Provides professional services in the finance and accounting sector
• Updated and adjusted the fixed asset budget regularly to reflect acquisitions, reclassifications, and disposals
• Recorded new fixed asset acquisitions, ensuring proper classification, valuation, and compliance with internal and regulatory standards
• Created and maintained Internal Orders (IOs) and Work Breakdown Structures (WBS) in SAP to support project budgeting, tracking, and reporting
• Collaborated with procurement and operations to validate asset documentation and maintain an accurate asset register
• Led monthly depreciation processes using methods like straight-line and declining balance
• Identified indicators for potential impairment; performed impairment testing and ensured accurate reporting of fair value adjustments
• Oversaw asset disposals, ensuring complete documentation and correct ledger entries

• Managed the end-to-end lifecycle of tangible and intangible assets, including acquisitions, capitalization, transfers, disposals, and retirements.

• Performed monthly asset capitalization and depreciation processes, ensuring accurate financial reporting in compliance with IFRS and GAAP standards.

• Oversaw physical asset verification and periodic reconciliation of asset registers to the general ledger, minimizing discrepancies and supporting audit readiness.

• Conducted impairment assessments for intangible assets, including software and intellectual property, aligning financial results with business strategy.

• Led process improvements to streamline fixed asset accounting, reducing manual interventions and enhancing data accuracy through SAP and Blackline automation.

• Prepared detailed asset roll-forward schedules and analysis for month-end close, supporting financial consolidation in SAP BPC and HFM.

• Coordinated with cross-functional teams to ensure alignment of asset accounting practices with corporate policies and statutory requirements.

• Supported external audits and internal control reviews, addressing auditor inquiries and ensuring SOX compliance.

• Company Overview: A leading company in the consumer products industry
• Managed the end-to-end lifecycle of tangible and intangible assets, ensuring accurate financial reporting in compliance with IFRS and GAAP standards
• Oversaw physical asset verification and periodic reconciliation of asset registers to the general ledger
• Led process improvements to streamline fixed asset accounting, reduce manual interventions and enhance data accuracy through SAP and Blackline automation
• Supported external audits and internal control reviews, addressing auditor inquiries and ensuring SOX compliance

• Company Overview: A global technology and consulting company
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• Performed GL reconciliations for all balance sheet accounts to ensure accuracy and compliance
• Managed Internal Order (IO) and WBS creations; handled fixed asset additions, disposals, and monthly depreciation runs
• Led the successful transition and stabilization of the process within six months
• Collaborated cross-functionally to resolve issues affecting monthly reporting and accuracy

• Company Overview: A major player in the coal industry with diverse operations
• Involved in supervising books of accounts, such as Cash book, Bank Book, GL, Debtors, Creditors
• Analyze and prepare Weekly, Monthly, and yearly cash flow, and analyze financial statements to pinpoint potential weak areas
• Provide MIS reports to Management such as Cash flow, Fund flow, Customer aging, Vendor ageing, finished goods flow, PGL Account, and Balance sheet