CA LALIT KUMAR

Experience

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  B.M. Veranwal & Co.

  Feb 2015 - Jun 2021

  Associate

  ● Auditing Financial Statements & Drafting Audit Report as per the requirement of the Companies Act 2013.● Conducting Tax Audit, Drafting Tax Audit Report and Form 3CD in accordance with the IT Act, 1961.● Ensuring compliance of Accounting Standards, Companies Act and other relevant laws & regulations.● Prepared and filed Income Tax and TDS return of Individuals, Partnership Firms & Companies.● Preparation of Projections of upcoming Financial Years based on audited results of past financial year.● Assessment of various assesses under various sections of Income Tax Act, 1961. Show less

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  JLL

  Jul 2021 - Jul 2024

  Finance Specialist

  ● Preparation of Audit Memo for Leasing, Capital Markets and Advisory Consulting Contracts.● Analyzing Contracts as per IFRS 15/ASC 606 for revenue recognition to conclude on the appropriate revenue recognition treatment.● Analyzing of Agency Agreement/Consulting Agreements, Leasing Agreements and Sale and Purchase Agreements and ensuring revenue is recorded & recognized as per the Contract terms and conditions.● Ensuring revenue is recognized as per IFRS 15/ASC 606 Revenue Recognition 5 Step Model.● Balance sheet classification of revenue as per US GAAP (IFRS 15/ASC 606).● Preparation of Quarterly/Monthly/Daily Revenue Tracker for tracking recognition of revenue.● Monthly or quarterly accrual filling and preparation of the accrual template● Preparation of Under Review Template for sending to Data Controller.● Actively participating in monthly/quaterly closing of revenue and performing live contracts for America and APAC Region.● Practical exposure of working on IT Software Dealio & Peoplesoft. Show less