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 Record to Report - Lease Accounting


Hiring For Record to Report - Lease Accounting


4+ Years of Experience

Education Qualification

First level university degree


Bangalore, Karnataka, India.

Job Description

Communicates and drives adherence to US GAAP and the organizations financial policies typically exercising a strong understanding of the business to determine the best interpretations of GAAP as detailed below.

Performing lease accounting analyses for embedded leases and service contracts.

Provide training to the stakeholders to strengthen their knowledge of lease accounting standard & lease accounting operations. Also, to educate them on any changes to processes or tools/reports available.

Partnering with multiple stakeholders including CFR, Business Operations and Business Finance teams to understand the business. Need to have ability to network and influence senior stakeholders.

Participate in process redesigning, system implementation and control improvement to ensure compliance with the requirements of ASC 842 and SoX.

Preparing and maintaining lease accounting policies and procedures notes, as well as participating in training of relevant finance personnel.

Supporting global and local statutory reporting requirements.

Working with global teams to establish controls necessary to capture all new leases on a timely basis.

Thorough knowledge of the new lease standard ASC 842.

Work is completed with minimal supervision and assignments may be completed without established procedures.

Education Qualification and Experience Required

First level university degree with a focus in business or economics; advanced accounting certification (e.g., CA, CPA) required.

4+ years of post-qualification experience as a financial analyst.

Experienced in more than one finance function.


Excellent understanding of accounting principles, GAAP and financial analysis, with advanced knowledge in GAAP.

Excellent analytical skills.

Excellent business application skills (e.g., Microsoft Excel).

Excellent communication and influencing skills.

Superior teamwork skills.

Good project management skills.


What is RTR in Accounting?

Record to report is a Finance and Accounting (F&A) management process, which involves collecting, processing and delivering relevant, timely and accurate information. It is used for providing financial, operational and strategic feedback to understand how the business is performing.

Is GL and RTR is same?

R2R also involves the steps required for preparing and reporting the organization's accounts within its general ledger and is sometimes called the "general ledger process." For each account, the finance and accounting team records the transactions within them during an accounting period.

What is Reconciliation in RTR?

Reconciliation is the process of matching transactions that have been recorded internally against monthly statements from external sources such as banks to see if there are differences in the records and to correct any discrepancies.

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