Skill required: Record To Report - Intercompany Account Reconciliation
Designation: Record to Report Ops Associate
Qualifications:BCom/CA Inter
Years of Experience:1 to 3 years
About Accenture
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What would you do? You will be aligned with our Finance Operations vertical and will be helping us in determining financial outcomes by collecting operational data/reports, whilst conducting analysis and reconciling transactions. Posting journal entries, preparing balance sheet reconciliations, reviewing entries and reconciliations, preparing cash forecasting statement, supporting month end closing, preparing reports and supports in audits. A type of general ledger account which contains a summary of sub-ledger accounts. Because the reconciliation account only provides a summary, no transactions are directly posted to the account Posting journal entries, preparing balance sheet reconciliations, reviewing entries and reconciliations, preparing cash forecasting statement, supporting month end closing, preparing reports and supports in audits. Recording and reconciliation of transactions which have occurred between entities of the same company, also Includes assuring that transactional relationships between the entities are in balance. Reconciling AR sub ledger balances and highlighting any debit balances. It provides details of reconciling against GL, Treasury open items, intercompany reconciliation and final summary of outstanding payments with discount earned and penalties paid.
What are we looking for? ? Strong knowledge of General accounting and finance and from the domain skill required for each Tower, following roles are also required to be performed. ? Preparing journal entries in SAP ECC/Oracle ? Month end journal entries and adjustments in ERP ? Bank and Balance sheet reconciliations in Blackline ? Financial and Statutory reporting to SEC and other country level regulatory authorities ? Intercompany accounting and reconciliations in Blackline Required proficiency in following: 1. Financial Reporting - Prepare financial statements and reports for businesses to comply with regulations and provide information for decision making: 2. Intangible Accounting - Accounting for intangible assets such as goodwill, brand equity, Intellectual properties (Trade Secrets, Patents, Trademark and Copyrights), licensing, Customer lists, and R&D 3. Revenue Accounting - Review of customer contracts for proper revenue recognition in accordance with company policy and revenue recognition accounting standards 4. Project Accounting - Create project accounts in the accounting system, providing high-level financial analysis on a portfolio of projects through their life cycle and must thoroughly understand the financial components of a project and proactively work with Project Managers to monitor and analyze project performance against budget
Roles and Responsibilities: Roles and Responsibilities 1. Account Reconciliation - Analyze data from P&L, Balance Sheet, Statements, ledgers, accounts, etc. Prepares reports, journals, schedules and supporting documents. Liaise with clients and stakeholders to gather the supporting documents and data necessary to prepare reconciliations and financial reports 2. Cash Management - Reconcile bank statements with company records, identifying and resolving discrepancies. Support the finance team with monthly reconciliations and posting of journal entries 3. Fixed Assets - Lead and manage a team responsible for the end-to-end RTR process for fixed assets. Identifying, properly depreciating, and maintaining fixed assets as well as accounting for a company s financial well-being 4. Intercompany Reconciliation - The Intercompany process involves the recording of financial transactions between two different entities that fall under the same parent company, resolve mismatches and posting entries during month end. 5. Month End Close - Organize, reconcile and report the financial activities of the company for the period includes, Prepare financial statements, Review all information for accuracy