Sharvari Athavale, Cpa, Ca Email & Phone Number

Toronto, ON, CA

Milton, Ontario, Canada

• Responsible for period/year end commitments including GL account reconciliations and commentary to C-team.
• Monitor Company’s financial performance by analyzing current/past results, performing variance analysis.
• Preparing weekly operating income statement and analyzing material cost, labor cost and cost of goods sold.
• Managing daily banking. Automated bank reconciliation process and established credit card reconciliation pro-cess.
• CSB-upgrade project- performed UAT, identify risks, provided suggestions for areas of improvement.
• Assist in creating annual departmental budgets by collaborating with stakeholders.

India

• Financial Reporting
• Prepared financial statements for the audit along with the profitability analysis, and SG&A analysis. Provided required schedules, notes, financial documents, and evidence to the auditor to complete the audit within.
• Meticulous planning in re-drafting an entirely new set of financial statements to achieve successful GAAP conversion to align with the international reporting standards (IFRS)
• Thorough research and analysis of IFRS 9, IFRS 16. Conducted detailed analysis of all lease agreements and categorised financial assets and liabilities per the accounting regulations.
• Monthly review of account balances, and provision for doubtful debts working and reconciling subsidiary ledgers. Investigate major deviations and reasons thereof to ensure accurate reporting of expenses.
• Mentoring accounting teams in complex intercompany transactions, and day-to-day one-time expense booking.

Mumbai Area, India

• Responsible for timely completion of statutory audit, Group audit, and Internal audit through effective collaboration with an auditor with minimum or no audit qualifications in the report.
• Preparation and submission of regulatory and legal statements regarding corporate finance.
• Preparation of customized reports for the management to take corrective actions based on historic datao Monthly cost center-wise tracking of actual spending with budgeted spending to facilitate budgetary controls.o.
• Ownership of maintaining the hygiene of fixed asset register in a spreadsheet with an appropriate classification of useful life according to relevant laws, depreciation computation, and gain or loss on disposal.
• Responsible for timely closure of monthly and quarterly P&L and delivering financial statements by the fourth working day.
• Collaboration with accounts payable, accounts receivable, and corporate tax team in fulfilling timely and accurate deliverables to the auditors. Problem-solving for any issues impeding the timely closure of the audit.

Powai

• Financial Reporting:
• Recognized for the successful completion of the GAAP conversion project, ensuring adherence to new accounting standards and disclosures.
• Prepared standalone and consolidated Balance sheet and profit and loss account, and cash flow statement.
• Monitored chart of accounts, maintained general ledgers, and improved internal controls over financial reporting.
• Accuracy in the accounting of complex transactions like ESOP, corporate, deferred tax, ECL, unwinding and amortization of deposit entries.
• Reviewed monthly provisions to facilitate correct accounting in the correct accounting period.Special Projects:

Dombivli

• Support the partners in concluding below services to the medium and small enterprises including cooperative societies, and charitable institutions
• Statutory Audit
• Tax Audits
• VAT Audits
• Filling of IT Returns
• Filling of TDS Returns

Ca, Accounting And Finance

Dip, Financial Reporting, 59%

Bachelor Of Commerce (B.Com.), Accountancy, Distinction

Activities and Societies: Trekker. Art and crafts, social work

Secondary School, Distinction

Chartered Accountant, Accounting, Finance,Taxation, Auditing, Law

Chartered Professional Accountant, Accounting