Accountant - Financial Reporting
Falconpack ( Group )
Total years of experience :14 years, 9 Months
Financial and Management Reporting:
• Deliver accurate and timely
i\] Financial Statements -Statement of Profit or Loss and Other comprehensive
Income, Statement of Change in Equity, Statement of Financial Position,
Cash Flow & Ratio Analysis.
ii\] Consolidated statement- Consolidated P & L, SOCIE, and SFP of Falcon group.
iii\] Management Reports - Various Segmental Profit or Loss, at a glance Report,
A/P and A/R ageing Reports.
• Ensure the compliance with international financial reporting standards (IFRS),
Generally accepted accounting principles (GAAP) and companies
Procedures on the reports before its submission.
• Providing recommendation on company’s investment decision with using
Advance investment appraisal techniques, i.e. NPV, MIRR, Sensitivity analysis, Payback Period etc.
• Prepare/review all supporting information for the annual audit for the approved external auditor and other bodies such as banks.
• Other Reports including:
Sales Reports, Quarterly Commission reports, inventory reports, , Deferred Tax Asset/Liability and all others required by management with analysis & recommendation.
Budget, Plan & Forecast:
• Coordinate with Finance Manager/CFO & other department heads to preparation of budget and ensures the periodic report over budget and forecasted variances.
• Review monthly results and implement monthly variance reporting as compared to budget.
• Achieves budget objectives by scheduling expenditures; analyzing variances; initiating corrective actions.
• Forecasts the cash flow on monthly basis and submit to Finance Manager with preceding variance report and recommendation as per budgeted/planed.
Internal Controls and Supply Chain Management:
• Develop and document business processes and accounting policies to maintain and strengthen internal controls and to secure the personnel and financial information.
• Ensure that documents were accurately maintained and complete with supporting information for all financial transactions.
• Implement the advance Planning and forecasting of inventory, ABC inventory system, EOQ and safety stock to enhance the control on inventory and to minimize the loss of business (Due to damages, No stock, Carrying and ordering cost)
• Redesigned the controls on process of ordering Level, lead time, GRN, stock keeping and dispatching for sales or internal transferring to maximize the output.
• Works on paper less environment to save the cost, time and develop the smooth and controllable procedures
Supervision:
• Invoices booking detail, accuracy of G/L and cost centers by analyzing invoices/expense reports.
• Accounts Payables process to insure timely and accurate payments.
• Monthly Salary, Overtime, Leave encashment, employee’s Loan, Installment, medical Insurance, air ticket, gratuity, Bonuses and creation of related provisions.
• Preparation and Analytical verification of fixed asset register and pre-payment schedule.
• Monthly inter-company reconciliation, policies and procedures for petty cash handling, inter-company transactions and other matters related to GCC branches.
• Participate in preparation of Accounts.
• Purchase verification & payment process.
• Monitoring of book keeping, daily entry into books of accounts, posting in ledgers
• Prepared monthly bank reconciliations.
• Preparation of budgets and comparison of budgets with actual.
• Documentation & Safekeeping of the Financial Record.
• Assist and support audit team in evaluating and assessing the accounting systems
• Analyze business operations, trend, and cost and projected future revenue and expenses.
• Preparation of invoices, and fixed assets Sheets.
• Participation in finalization of All financial statements.
• Supervise company petty cash transactions.
• Advise management about issues such as resource utilization and the assumptions underlying budget forecast.
• Review and maintain the lead time, maximum and minimum level and safety stock.
• Coordination with Supplier and production department.
• Timely Stock Taking.
• Dealing with Sales department about their special requirements.
• Proper recording and valuation of the scrap.
• Dealing and communication with Transportation department.
• Ensure the availability of the stock in all branches
• Preparation of daily receipts and payments statements.
• Posting to ledgers from relevant reports.
• Preparation of payment vouchers.
• Making and distribution salaries of office staff.
• Maintenance of purchase record i.e. invoice / bills.
• Preparation of multiple reports (Daily project report, Material dispatch report etc.)
• Routine dealings with banks.
• Prepares asset, liability, and capital account entries by compiling and analyzing account information.
• Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports
• Reconciles financial discrepancies by collecting and analyzing account information.
• Secures financial information by completing data base backups.
• Answers accounting procedure questions by researching and interpreting accounting policy and regulations.
• Complies with federal, state, and local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions.
Advanced Financial Accounting and Corporate Reporting Risk Management and Audit Strategic Financial Management Management Accounting Investment Analysis and Portfolio Management Financial Accounting Cost Accounting Business Taxation Corporate Laws and Secretarial Practices Strategic Management Accounting Strategic Management Information Systems and I.T. Audit Enterprise Management Business Mathematics & Statistical Inference Business Economics Business Communication and Report Writing
Group A: 1. Business Communication 2. Money and Financial system 3. Economic Principles Group B: 1. Business Regulatory Framework 2. Introduction to Information Technology 3. Principles of Management Group C: 1. Financial Accounting - I 2. Corporate Accounting - I 3. Business Mathematics Group A: 1. Secretarial Practice 2. Money and Financial System 3. Economic Problems Group B: 1. Company Law 2. Application of IT in Business 3. Fundamentals of Entrepreneurship Group C: 1. Financial Accounting II 2. Corporate Accounting - II 3. Business Statistics