PROFILE
Certified Public Accountant with 16 years of experience in senior accounting positions in private, public
and manufacturing and Retail companies.
Dynamic, proactive, result oriented, motivated and career –minded personality with demonstrable track
record in cost reduction through strong negotiations and creative solutions for continuous process
improvement
TECHNICAL SKILLS
PROFESSIONAL EXPERIENCE
Prepared cash burn rate for $240 million funding for the project and prepared budget for 10 years.
Bharati Desai (416) 707-6886 / bhartidesai16@hotmail.com 2
Developed and implemented management reports for profit and loss and balance sheet (weekly, monthly
and quarterly report)
Developed policy, procedures and assisted CFO with a risk management process
Designed and implemented internal control measures for spending new grant of $200 million for
purchasing, accounts payable and accounts receivables.
• Prepared financial reports for month end and year end with very strict deadlines using crystal reports
and analyzed financial reports for management.
• In charge of check runs and employee expenses on regular basis
• Journalize monthly activities and general entries at month end.
• Prepared 5-year business forecasts and annual budget for the newly created division of $250 million
revenue based on a new type of business model/contract (VAA). Created business plan scenarios with
reduced volume
• Identified and negotiated changes to the labour provision contracts to yield savings of $750,000
• Prepared product costing and management accounts on weekly basis with variance with budget and
variance explanations.
• Consolidated 30 divisions to prepare balance sheet and profit and loss account
• Reconciled inter-company accounts for all 30 divisions with corporate and uploaded all 7 corporate
companies in Hyperion
• In charge of fixed asset register and tracked all capital expenditures when completed
• Completed negotiations with vendors and contractors for prices and credit terms and reduced cost by
23%.
• Coordinated with all divisions timely reporting and brought forward month end deadline by a week
• Helped in year-end audit and supplied schedules for all the major balance sheet items and income
statement with previous period comparisons
• Prepared and managed weekly cash flow, monthly cash flow as well as investment and treasury
Managed month-end accounting process, analysis of financial results, variances and general ledger
account reconciliation
Liaised with external auditors for year end and quarter end audit and won award for best company
amongst all companies world wide
Participated in special projects for enhancing automation; developed processes to stop revenue
leakages
Managed inventory and reconciliation of inventory including investigating variances
Found an error in PeopleSoft inventory module for returns claims which will save company more
than $600,000 and correction in system is made
Bharati Desai (416) 707-6886 / bhartidesai16@hotmail.com 3
Detected duplication claims and overlapping claims forms for retailers and saved company $180,000.
• Managed full accounting department consisting of Accounts Payable, Accounts Receivable, cost
management and full general ledger maintenance and safeguard all receipts, cost and actual
expenditures.
• Prepared GST returns and managed statuary deductions
• Helped CFO in design and implemented and managed all accounting systems management
information systems and internal control policies and procedures in new division. Oversaw the daily /
weekly preparation of Cash Position with the Chief Financial Officer.
• Detected costing problem which eventually will save the company $135,000 per year.
• Preparation of auditors schedules and audit support on timely basis adhering to GAAP principles
• Analyzed manufacturing variances and prepared report for management for reasons of variance
and corrective actions
• Managed with time and material costing system
• With excellent communication, report writing, organizational and strong interpersonal skills and
contributing in profit maximization earned "Best Employee" award.
• Reduced ad-hoc overtime by 80%, ensured reporting accuracy to 100% by simplifying flow of
documents and eliminating unnecessary reports
• Carried out variance analysis of costs, revised budget estimates and modeled profit-maximizing
directions which had improved profits by 18%
EDUCATION
Enrolled in a SAP certification
Certified Public Accountant (CPA)
Certified Public Accountant (CPA) USA in progress
Certified General Accountant (CGA) in progress
Bachelor in accounting (B.Comm) evaluated by World Service Education by Canada
Corporate and personal Taxation
AFFILIATIONS