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Fixed Asset Register (FAR): Ensure the accuracy of the FAR, including rate, classification, and relevant details.
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Open POs & GRNs: Track and ensure timely closure of open purchase orders (POs) and goods received notes (GRNs).
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Advance Processing: Process advances based on supporting documents (e.g., ABG, Proforma Invoice, Advance Receipt Voucher).
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Invoice Retention: Retain invoices as per commercial terms.
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ABG & PBG Tracking: Review advance bank guarantees (ABGs) and performance bank guarantees (PBGs).
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Capex Accounting: Manage and control the Capex accounting process.
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CWIP Movement: Monitor and manage Capital Work in Progress (CWIP) movement.
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Asset Creation: Ensure accurate creation and classification of assets in the system.
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Monthly Depreciation: Oversee monthly depreciation calculations.
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FAR Correctness: Ensure the accuracy of the fixed asset register.
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CWIP Reporting: Monitor and review the CWIP report.
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Asset Additions & Deletions: Review monthly reports on asset additions and deletions.
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Asset Deletion: Ensure proper supporting documentation (e.g., CEO/CFO approvals) for asset disposals.
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Asset Transfers: Oversee asset transfers, ensuring proper justification and approvals.
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Quarterly Reports: Prepare quarterly capital transaction reports for PPG.
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FAR Preparation (USGAAP): Review and ensure FAR is prepared as per USGAAP.
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Yearly Asset Confirmation: Conduct yearly asset confirmation exercises.
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Reporting Key Responsibilities:
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MSME Compliance: Ensure timely compliance with MSME (Micro, Small & Medium Enterprises) regulations.
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Monthly RPT Reporting: Ensure timely preparation and submission of related party transactions (RPT) reports.
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Accounts Review Mechanism (ARM) on a monthly basis.
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Crucial role in SOX and IFC compliances and support in statutory and internal audits.
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Manage expenses and budget for inter-company related transactions.
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