Lakshman B N

Business Development Executive

Bengaluru, Karnataka, India10 yrs 11 mos experience

Key Highlights

Expert in US GAAP ASC 606 revenue recognition.
Strong analytical and problem-solving abilities.
Proven track record in financial reporting and auditing.

Stackforce AI infers this person is a Revenue Accounting Specialist with expertise in compliance and financial reporting in the SaaS industry.

Contact

Skills

Core Skills

Revenue RecognitionU.s. Generally Accepted Accounting Principles (gaap)

Other Skills

Deferred RevenueRevenueAccountingRevenue AnalysisEquity TradingESOPMicrosoft OfficeTeam ManagementFinanceManagementFinancial AccountingAuditingFinancial ReportingInternal AuditFinancial Analysis

About

> Experienced Revenue Accountant with decent analytical and problem-solving skills, attention to detail, and the ability to work independently and as part of a team. > Developed excellent communication and interpersonal skills to effectively collaborate with cross-functional teams and explain complex financial concepts to non-financial stakeholders. > Developed solid understanding of relevant US GAAP ASC 606 accounting standards and regulations and experienced in using accounting software and financial systems such as Zuora RevPro, SAP Quote Edge, Oracle Applications ERP, Microsoft Excel Power BI, SQL etc.,

Experience

10 yrs 11 mos

Total Experience

2 yrs 3 mos

Average Tenure

1 yr 10 mos

Current Experience

Unity

Senior Revenue Accountant

Jun 2024 – Present · 1 yr 10 mos · Bengaluru, Karnataka, India

Confluent

Manager, Revenue Accounting

Jul 2023 – Jun 2024 · 11 mos · Bengaluru, Karnataka, India

Netapp

Revenue Accountant

Jan 2022 – Jul 2023 · 1 yr 6 mos · Bengaluru, Karnataka, India · Hybrid

> Perform accounting assessment to ensure appropriate application of US GAAP ASC 606 revenue recognition guidance.
> Ensure an accurate and timely monthly revenue close, with primary responsibility/ownership of the RevPro system and performing all system close processes.
> Ensure complete and accurate transfer of data between systems (e.g. Quoting tools, Oracle, RevPro)
> Assist the team with contract review, new part set-up, RevPro treatment of complex deals, allocation/carve adjustments, etc.
> Record revenue reserves (e.g. Storage Efficiency Guarantee)
> Perform monthly reconciliations and revenue reviews, and prepare quarterly reporting to facilitate CFO org leadership reviews.
> Prepare financial statement disclosures for revenue and deferred revenue.
> Review concessionary risks and determine adjustment amount.
> Work with Statutory and SOX Auditors.

U.S. Generally Accepted Accounting Principles (GAAP)Revenue RecognitionDeferred RevenueRevenueAccounting

Oracle

2 roles

Senior Revenue Recognition Analyst

Nov 2020 – Jan 2022 · 1 yr 2 mos

Revenue Recognition Analyst

Sep 2017 – Oct 2020 · 3 yrs 1 mo

Part of the JAPAC Revenue Recognition team.
Perform revenue recognition deal review for multiple line of business within Oracle such as Software License, Hardware, Support, Consulting, Advance Customer Services and Cloud.
Ensuring that revenue is recognized in accordance with US GAAP and SEC standards ASC 605 and 606.
Provide direction to sales organization prior to contracts being concluded – Draft Reviews.
Assist in the processing of revenue impacting adjustments.
Work with cross-functional teams (Deal Management, Sales, Legal, Account Receivables, Credit and Collections, etc.) to resolve revenue recognition issues.
Perform quarter-end activities such as preparing Journal Entries for deferrals, Reconciliation of revenue accounts and co-ordination with SOX team.

Hp

Internal Auditor

Apr 2015 – Sep 2017 · 2 yrs 5 mos · Bengaluru Area, India

Part of the Global Functions & Compliance Team within the Internal Audit function. Conducted both SOX and Operational/Management audit engagements.
Assist with Financial, Business and IT audits in the US and globally.
Assist the risk assessment, scoping and planning of a review and assist with remediation of findings and drafting of audit reports.
Independently test the design (TOD) and operational effectiveness (TOE) of key SOX controls.
Assist with overall evaluation of potential control deficiencies to determine root cause and provide practical recommendations for remediation.
Ensure company compliance with accounting and auditing standards (US GAAP, PCAOB AS 1-18), regulatory reporting requirements (SEC) and other industry best practices.
Assist with walkthroughs and SOX reporting.
Assist in coordinating audit efforts with business process owners, regional & global management, and external audit team.
Partner with external auditors (EY) on SOX testing as well as internal audit staff to complete SOX testing on a timely basis.
Partner with the data analytics team to identify trends, anomalies, and areas of focus for process improvements
Drive audits and special projects as required or as business needs change.