Valeo is a tech global company, designing breakthrough solutions to reinvent the mobility. We are an automotive supplier partner to automakers and new mobility actors worldwide. Our vision? Invent a greener and more secured mobility, thanks to solutions focusing on intuitive driving and reducing CO2 emissions. We are leader on our businesses, and recognized as one of the largest global innovative companies.
Post GL entries
At the Managing Entity level and provided by the SAS through the MAES sheet after
checking consistency, relevance and that proper supporting documentation is
available
At the Legal Entity level based on guidance provided from the SSC Chief Accountant
In MAF accounting (IFRS) as well in Statutory Accounting (Indian GAP)
Run the closing transaction in SAP
Valuation of balance sheet at closing rate for debtors/creditors in foreign currency
Depreciation expense for the period
Account clearing (GRNI, manual GLs including tax ledgers)
Formalize Accounts Reconciliation
Perform Bank Reconciliation on monthly basis
Fixed Asset Ledgers reconciled with Trial Balance
Roll forward of equity (opening + P&L + capital infusion - dividend paid = closing)
Roll forward of Fixed Assets (opening + acquisition – disposal = closing) supported
with Site documentation
Roll forward of Fixed Assets Depreciation (opening + depreciation expense from P&L
- depreciation from disposed assets = closing)
Roll forward of Inventory by class of inventory (opening + variation accounts from
P&L = closing)
Roll forward of Inventory provision by class of inventory (opening + variation
accounts from P&L = closing)
Roll forward of accrued liability by nature (opening + increase – reversal = closing)
Documentation of all manual accounts with proper supporting documentation by
nature
Perform Accounts Review
Monthly BS review with business units
Review of Asset Under Construction including aging and signed In Service
Certificate for transfer in FA and start of amortization
Update Accruals
Reverse prior month accrued interest, assess and record the current month accrued
interest.
Reverse prior month accrued taxes, assess and record the current month accrued
taxes
Review the aging of all accruals and request guidance from Site accordingly
Monitor the Period Close
Insure proper period close in SAP
Insure proper carry forward of closing balances
Prepare the Financial Statements
Insure proper presentation of the Financial Statements both in MAF (RM, RS) and
Statutory
Support for Tax and Transfer Pricing audits
Preparation of required schedules for Income tax audit and transfer pricing audits
Monthly review of GST balances with Indirect tax team
Compliance
- Perform all activities in line with the Valeo MAF-IFRS, the SSC GL User Manual and
the Valeo Code of Ethics
