Srinivasa Rao Vemula

Experience

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  KKGS and Co, Chartered Accountants

  Jan 2013 - Aug 2016

  Audit Associate

  Due Diligence for Investments, mergers, and acquisitions from Finance, Tax and regulatory perspective, and Share Valuation;Performed Month close activities such as cost & revenue accruals, cost re-classes, etc, and examined financial records to check for accuracy;Formulating budgets, conducting variance analysis, and implementing corrective measures for cost control;Preparation of Financials for Project report with details relating to Business strategy, Forecasts of financials, Cash-flow Projections, etc;Finalization of accounts and preparation of financials as part of audit and Filing of return of income of corporate entities, firms and other assesses; andFiling of Annual Returns and forms with the Registrar of Companies (‘ROC’). Show less

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  Prakash Kochar & Company

  Sept 2016 - Aug 2017

  Assistant Manager, Internal Audit

  Budgeting and forecasting of financials. Variance analysis of Actual Financials with Forecast. PL movement analysis;Finalization of accounts and Financials preparation as part of Statutory Audit;Statutory Audit, Internal Audit, Tax Audit, Transfer pricing Audit;Process Audit, Review of Internal Controls; andCalculation of GST, online payment & return filing.

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  Standard Chartered Bank

  Sept 2017 - Aug 2019

  Specialist, IFRS Group Financial Reporting, Consolidation and analysis

  Quarterly consolidated financial statements of Standard Chartered PLC and Standard Chartered Bank in accordance with the International Financial Reporting Standards (IFRS); Gained good hands-on experience in IFRS9 (Financial instruments), with respect to implementation and disclosures; Local statutory financial statements in accordance with UK GAAP for UK entities;Providing practical accounting advice to country finance teams on a variety of issues;Managing the audit queries raised during the audit by the external auditors and completing the audit without any overrun costs; Standard Chartered Bank and PLC's FINREP and Asset Encumbrance Regulatory reporting; andSubmission of regulatory returns to the Bank of England (BOE); Show less

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  DXC Technology

  Aug 2019 - Jan 2022

  Professional 2 Finance in Global Statutory Reporting

  Preparation of financial statements in accordance with local statutory reporting requirements for EMEA region;Preparation of statutory trial balances including identification and posting of local GAAP adjustments;Implementation of the “IFRS16 leases and IFRS15 Revenue from Contracts with Customers“ for the EMEA region of DXC Entities;Advice on accounting requirements under IFRS and local GAAP;Coordinating with business finance team for business explanations on variance/analytical review to ensure that results publishing are meaningful;Presenting the quarterly results to management with a detailed analysis; Managing the audit queries and assisting the external audit team(Big 4) during the audit to close the audit as scheduled; Managing the monthly activities like revenue accounting, accruals, month end journals for the EMEA region entities with the help of the R2R team; and Preparing KPI reports and other adhoc reports as requested by the management. Show less

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  Apple

  Jul 2022 - now

  M&A Integration Accountant

  Responsible for the post acquisition integration of M&A entities – including US GAAP accounting, Local GAAP statutory accounting and Tax Compliance. Manage the relationship with key partners and reporting teams to propose solutions, and facilitate prioritisation of work.Responsible for detailing and improving the processes for US GAAP, local statutory & tax compliance functions of legal entities across EMEIA.Maintain data integrity of SAP to ensure US GAAP rules and local legal statutory and accounting reporting requirements are met. Responsible for ensuring processes are compliant for Sarbanes-Oxley (SOX).Support GBS initiatives and ad-hoc GL relevant projects as requested.Develop with the role to expand responsibilities within the GBS organisation. Show less