Saarthak Mangla

About Saarthak Mangla

I am a Chartered Accountant with 7+ years of experience in Accounting Advisory, Technical…

Experience

1. Assistant Manager

   EY

   Apr 2023 — Present · Gurugram, IN

   Working with Coinbase as a Consultant in Derivatives team applying ASC 815 for-Review of daily trades and changes in positions/cash-Record Decentralized finance income, margin collateral, reconcile Cash and positions vs external source, ensuring wallet transfers and internal transfers net to zero-Accounting for Investments in Liquidity Pool- deployment, termination, profit/loss, fees accrual-Accounting for Derivatives (Futures and Options), Embedded derivatives, Hybrid instruments, Reverse Convertible loans and Covered call arrangements, segregated portfolio companies, ensuring compliance with rule SAB 121-Perform new hedge assessment pursuant to company’s hedging Strategy. Accounting for Hedging instruments/Hedged items, Active hedge/hedge termination, hedge documentation, hedge effectiveness ratio testing-Prep. of Digital assets register as per FIFO, impairment expense, Cash flow statement, Derivatives disclosure for Form 10K/10Q-Fair value accounting for Crypto Assets as per ASC 350-60-FS variance commentary-Daily regulatory filing as mandated by National Futures Association (NFA) for a Futures Commission Merchant (FCM).>>Advice on accounting implications arising out of a merger of two of the largest banks in Oman as per IAS 27, IAS 28, IFRS 3, IFRS 10.>>Analysis of accounting implications arising out of IBOR reform transition as per IFRS 9, IAS 39 and IFRS 7 and ASC 848 for a leading AMC based out of Canada.>>Assisted in implementation and adoption of provisions of Current Expected Credit Loss model as per ASC 326 for a private equity firm based out of the US.>>Assisted in translation of financial statements from Functional currency to presentation currency as per IAS 21 for one of the world’s leading retail company based out of Kuwait and restatement of financial statements of one of its subsidiaries operating in a hyperinflationary economy as per IAS 29.

Education

• Delhi University

  BCom - Bachelor of Commerce

  2014 — 2016

• Apeejay Stya Education (Svran Foundation)

  Schooling

  1999 — 2013

• The Institute of Chartered Accountants of India

  Chartered Accountant

  2013 — 2018