SHIVA KUMAR ARRA

Record to Report

● I am engaged in a project in the United States, where my responsibilities include project accounting.

● Oversaw the complete record-to-report (RTR) process, which encompassed financial consolidation, the preparation of journal entries, reconciliations, and the compilation of financial statements.

● Involved in the analysis and reporting of project forecasts, specifically comparing Opsforecast with the GP Report.

● I routinely managed the quality control audit of the vendor master.

● Managed the compilation of several reports, including the Heads Up report and Labour Utilization report.

Taxation

● Over 2 years of experience filing GST returns (GSTR1, GSTR3B, GSTR9) for 50+ clients, ensuring accuracy and compliance. Completed 15 registrations and excelled in GSTR9C reconciliation.

● Authored persuasive responses to diverse GST notices, resolving compliance challenges for a portfolio of clients.

● Prepared Tax Audit Report of 50+ clients consisting of Individual, Firms, HUF and Companies in Form 3CA-3CD & Form 3CB-3CD.

● Prepared and filled income tax returns for a diverse base of clients.

● Experienced in preparation as well as filing of TDS &TCS Returns of business entities.

Accounting

● Prepared Books of Accounts, Financial Statements, and Cash Flow Statements for Corporate Entities with turnovers between Rs. 10 Lakhs and Rs. 40 Crores, in compliance with AS and Schedule III of the Companies Act.

● The preparation of monthly payroll reports and ensuring statutory compliance for three companies, each employing between300 to 350 individuals.

● Handled bookkeeping, document maintenance, account management, and book finalization for audit.

Audit

● Conducted Statutory, Internal, and Tax audits for diverse clients across sectors (FMCG, Pharma, Manufacturing, etc.) with a turnover of 90 crores, including site visits, financial analysis, and report filing for corporate and non-corporate clients.

● Compliance with applicable accounting standards (AS & Ind AS)

● Analyzed draft financial statements, notes to accounts, and TDS compliance, ensuring adherence to applicable accounting standards.

● Engaged in Statutory audit, Concurrent Audit of a Public Sector Bank.

● Scrutinised ledgers, reconciled debtor and creditor balances, vouched income & expenditures.

● Ensured that depreciation is calculated as per Accounting Standard 10 and as per schedule III of Companies Act 2013.