Sr. No.

Particulars Response( due date / month to complete)

1 The financial closure process due to

start on
2 Pre-planning for Closure & Closure
Activity for Operational Areas
3 Block the IT system for amendment in
that financial year
4 Conduct physical verification on the last
working day of the financial year
5 Bank reconciliation statements called to
be all branches for all bank accounts
6 Circular to be sent to branches to
inform them to carry year end stock
verifications
7 FA register to be updated, finalized
8 Circular to be sent to various branches /
depots calling for all relevant details of
expenses & Income incurred within
defined timeline after year end
9 Prepare reconciliation of differences in
debtors & creditors balances and post
adjustments with appropriate approvals
10 Obtaining account confirmation from all
the related parties
11 Opening balances validation
12 General Ledger Scrutiny
13 Review of accounts related to statutory
compliance
14 Income Tax working
15 Deferred Tax Assets/Liabilities
Working
16 Preparation of Financial Statements as
per prescribed formats
17 Present the Provisional Financial
statements to Management/Audit
committee
18 Prepare workings for
Manager /Vice Presidential
remuneration as per applicable rules
and regulations and company policy
19 Prepare Disclosures in financial
statements
20 print out of entire set of Financial
statements, notes to account and
disclosures
21 Arrange for signature on the Financial
Statements by the
appropriate authority of the Company