Control No Process

Sub
process

RV.4.02.F

RV.8.01.A

Process owner (2012- Control

2013
Objective

Risk

Kajal Sarda (AM

Manager-SAG)
Amit Kultia (Export
Finance Officer
-Calcutta)

Revenue

Analysis of
Accounts
Receivable

Kajal Sarda (ManagerSAG)

Accounts
Nonreceivable reconciliatio
(AR) sub
n of
ledger is
accounts
regularly
receivable
reconciled to sub-ledger
the general to general
ledger,
ledger
exceptions resulting in
identified are unidentified
resolved and discrepancie
recorded in s
the general
ledger in the
appropriate
accounting
period

Entity Actual Control

2012-13

Type of
Control
(Automated
or Manual)

EXPORT SALES
1) Revenue is recognized on monthly basis as per the shipping terms.
2) SAG Finance assistant(FA) generates the billing document (in SAP) on the
basis of Mail from Kolkata ( Export Finance Office) & Export Marketing
3) SAG FA prepares a export sales statement with details like DO #,OBD
#,billing document # LME rate, premium, party name, customer code etc. after
generating the billing document
4)Export Marketing - Forwards statement on monthly basis to SAG (AM), the
statement contains details of the export sales contract like party name ,
qty.,premium, LME rates etc.
5)Export Incharge ( Finance ) matches the export sales document with
statement from Marketing & Statement from Kolkata Office and approves the
hard copy of export sales document.

Manual

There is a systems control in place to ensure that all Customer Accounts are
mapped to Receivables account in Sub ledger.

Automated