Elżbieta Stocka

• Maintain US GAAP and local ledgers including the preparation and/or review of related journal entries and reconciliations
• Prepare and review financial and accounting analysis involving complex transactions including but not limited to general accounting, fixed assets, intercompany and financial reporting activities/transactions
• Prepare and provide to Finance Director/s variance analysis between actual and planned financial data
• Prepaing Balance Sheet Plan for the following year for selected entities (process of trends/changes review, data analysis, input preparation and data loading to HQPS system)
• Provide accounting treatment in line with Group policies for Affiliates
• Maintain Chart of Accounts in consultation with affiliates
• Serve as the key contact relating to all Record to Report activities for the affiliate or cluster of affiliates
• Drive and own the financial close process for the affiliate or cluster of affiliates
• Produce and review management and statutory reports with affiliates
• Provide BPO with guidance for resolution of accounting issues
• Support the Statutory/Fiscal Reports process with 3rd parties
• Prepare tax miscellaneous filings and maintain record of all Regulatory Filings
• Drive and co-ordinate the financial close process for the affiliate or cluster of affiliates
• Prepare and obtain approval for RCE (Request for Capital Expenditure)
• Work closely with personnel in all departments to ensure compliance with company accounting and operational guidelines in accordance with local GAAP
• Assist in audit preparation and all other projects assigned
• Work closely with FSS Chief Accountant and with the Finance Director/s of assigned affiliate/s to ensure high quality of the ledgers and full compliance with Accounting Policies
• Propose and implement initiatives aimed to improve efficiency and quality of the process

• Performing as GL Accounting Lead for Cisco entities located in Italy and Netherlands
• Overall responsibility for completeness and accuracy of the entities’ books, financial statements and tax filings from both US GAAP and local GAAP perspectives
• Reconciliation between local GAAP and US GAAP: validating that all documents have been posted to local ledgers and preparing adjustments
• US GAAP and local GAAP Account reconciliations
• Responsible for periodical Balance Sheet reviews at entity level, preparing adequate comments for the Balance Sheet and P&L movements during the month
• Preparing and providing to Finance Director/s quarterly variance analysis between actual and planned financial data
• Controlling of Revaluation of financials and non-financial assets
• Statutory / Tax management and compliance
• Managing relationships with outsourced Statutory / Tax service provider for compliance, execution, and associated local filings and audits
• Main point of contact for the Statutory / Tax compliance vendor to ensure that local General Ledgers are maintained as required
• Ensuring timely submission of tax returns and payments
• Act as a key focal point for escalation as well as managing relationships with local authorities where required
• Teamworking with the Tax team on the execution of the annual Tax package and the segmented P&L exercis
• External Audit support, liaison with external auditors, actuaries, etc. Coordination and review.
• Collaboration with Process Leads (Opex, Cash, Intercompany transactions, Fixed Assets, Payroll Accounting) to ensure accurate end-to-end entity figures during the month
• Working with the P&L Manager to ensure that all bookings are correct
• Act as a key escalation point for issue resolution
• Business partnership with key customers across the business

• Reconciliation and review Balance Sheet accounts
• Preparation and review journal entries - accruals, prepaid amorization schedules
• Performing financial statement reviews, analyzing variances and initiating corrective actions
• Preparing ad hoc reports and analysis
• Provide support for internal and external audits
• Ensuring compliance with company policies, relevant accounting requirements, internal controls
• Initiation and follow-up on corrections in Oracle

• Maintain overall accounting records for respective PMI affiliates (located in Czech Republic, Hungary and Slovakia) in accurate, complete and timely manner
• Preparing recurring journal entries for US GAAP General Ledger and Statutory (monthly and yearly accruals, prepaid expenses analysis, reclassification journals)
• Ensure the high quality and consistency of accounting and reporting processes in compliance with both US GAAP and local statutory requirements
• Provide cost of sales and revenue analysis
• Calculation of inventory revaluation based on the warehouse analysis
• Monthly royalties calculation based on the monthly sales revenue, royalty rates and signed agreements
• Period-end closing - performs closing of US GAAP ledgers
• Prepare Balance Sheet reconciliation of accounts, period end closing and financial reporting of the PMI affiliates financial statements in cooperation with local finance department
• Preparation of evidence and backup for audit trial (SOX control)
• Financial reporting - prepares US GAAP and statutory financial reports
• Prepare VAT Ordinary/supplementary declarations including all reconciliations and Intrastat report for the Statistical Office

Additional:
- VAT declaration for Czech Republic affiliate - LEAN process improvement
- Key Account Meeting coordinator

• Conducting and ensuring accurate timely entire month end closing and corporate reporting
• Responsible for monthly, quarterly and yearly financial reporting for the Philips Healthcare sector including P&L, Balance Sheet, Cash Flow on the Total Sector and Business Groups levels in division by regions (ORUs)
• Reporting P&L items: EBITA, Gross Margin, NMC: R&D, G&A and Selling costs
• Supporting for all managerial levels: Local Units, Business Units, Business Groups, Sectors, Corporate Control in financial statements consolidation and reporting processes
• Owner of Business Review Meeting Report (MBRM/QBRM) for review by Corporate Control in the U.S. to support senior/executive management decision making
• Preparing presentation packages for executive management for MRM meetings
• Strict cooperation with senior management
• Leading and compiling the planning/ budgeting reporting process including the Annual Operating Plan (AOP) and quarterly Rolling Forecasts (RoFo)
• Ad hoc requests: reports, analysis on request, short & long term assignments
• Documentation maintenance for back-up & hand-over
• Authorized Caller for Service CF ONE BCS/EFR in SM7 tool for granting EFR access for the worldwide Philips Healthcare users, coordinating approval process
• SAP BPC project – coordinating the activities of implementation SAP Business Planning & Consolidation financial system, maintain and develop BPC lifecycle including planning (end to end) & business requirements, designing, development & testing phases using formal system implementation methodologies. Rebuilding all HC Sector reports and presentations based on the new system in line with Philips requirements, preparing the necessary documentation connected with the process, addressing all risks related to process taken over and daily operational issues.

Achievement:
Saved amount of 20k EUR/per year for Philips Corporate Control in USA and 8k EUR/per year for Infosys in the Cross-Sector project (4 members) related to Corporate Management Review Meeting Reports.
Certificate : “Reduction of the APT for MBRM Reporting”, as a team member in competition of the Six Sigma Yellow Belt Project

- keeping the tax register of revenues and expenses and management of the company’s accounting
- account assignment and accounting documents
- formal and account control of accounting evidence
- collection and storage of accounting documents
- checking accounting book and determining the financial result
- drafting letters and correspondence handling
- assistance in preparing financial estimates for construction projectsa
- preparing bank transfers

http://www.janstocki.pl