Ali Adnan, Sr. Accountant

Ali Adnan

Sr. Accountant

Mohamed Abdulrahman Al-Bahar

Location
Kuwait - Hawali
Education
Master's degree, Finance
Experience
18 years, 4 Months

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Work Experience

Total years of experience :18 years, 4 Months

Sr. Accountant at Mohamed Abdulrahman Al-Bahar
  • Kuwait - Al Kuwait
  • My current job since January 2012

My Job Responsibilities
• Financial reporting to F.C on monthly basis (Operating Statement, Balance Sheet, and Cash Flow statements).
• Preparation of budgets Month wise and compilation of budget reports and sales Target for Salesman.
• Preparation of Salesmen commission on monthly basis.
• Preparing & entering Misc. Provision on monthly basis.
• Coordination of internal auditors and analysis of the audit findings.
• Preparing & entering the Goods Receipts and Costing.
• Preparing stock movement report for all new orders.
• Controlling store issue vouchers, S.R.V and transfer of inventories.
• Planning & preparation of Chart of Accounts.
• Bank, Cash, Vendor, Inter Company, Payables & Receivables reconciliations on monthly basis.
• Liaison with other banks and financial institutions.
• Coordination with external auditors for finalizing the accounts.
• Taking monthly stock counting and compare between physical and Trail Balance.
• Preparation of manual JV’s, Sales Invoices(Cash & Credit), Debit Notes, Credit Notes, Bank Payments.

Sr. Accountant at MS Retail K.S.C (Baroue Let's Play)
  • Kuwait - Al Kuwait
  • July 2007 to January 2012

MS Retail K.S.C is an innovative fashion store in Kuwait, Baroue and Club B.me, sprawled over 6500 square meters of the Avenues Mall at Al Rai, offering an unparalleled shopping experience ranging from kids' apparel and accessories to maternity products, toys and boutiques including a kids' salon, a kid's cafe and photo studio, and year-round recreational activities and events for kids.

My Job Responsibilities

• Handling Accounts Payables, Account Receivables, Cash Management and General Ledger.
• Finalization of trial balances and preparation of Quarterly, Half Yearly, and Annual Accounts.
• Financial reporting (Profit & Loss Account, Balance Sheet, and Cash Flow statements).
• Preparation of budgets and compilation of budgets reports.
• Preparation of Projections reports.
• Weekly & Monthly Cash flow.
• Coordination of internal auditors and analysis of the audit findings.
• Sales Analysis.
• Planning & preparation of Chart of Accounts.
• Data entry in Accounting Software like, Oracle 11i, Microsoft Dynamics Navision, TAG Financials (SQL Based), Financial Accounting Software & ERP based etc.
• Bank, Cash, Vendor, Inter Company, Payable & Receivable reconciliations monthly basis.
• Liaison with other banks and financial institutions.
• Functional Supports to End Users in Accounts Payable, Cash Management, Fixed Asset, and General Ledger Modules.
The following modules of MS Navision & Oracle Application were being conducted during the course of my employment with the current employer.
• General Ledger
• Payables
• Receivables
• Fixed Assets
• Cash Management

Accountant at Umer Group of Companies
  • Pakistan - Lahore
  • February 2006 to June 2007

Umer Group is conglomerate arrangement of 08 companies, which comprise textile (Spinning and weaving), energy, power, construction, garments, and footwear sectors.

My Job Responsibilities

• Working closely with Accounts Manager in preparation of annual financial statements such as Balance Sheet, Profit & Loss A/C and Cash Flow Statement.
• Payments to Yarn Parties and all other Creditors.
• Monitor Export Sale, Local Sale & Waste Sale.
• Preparation of Sale Tax Return and Income Tax Return.
• Preparation of Bank Reconciliations on Daily Basis and Monthly Basis.
• Preparation of Expected Cash Flow Statement on daily Basis.
• Preparation of Debtors Receivable Status, Related Party Position.
• Prepare Inter unit’s reconciliation and payments.
• Prepare the Provision’s voucher and Mark-up calculations.
• Monthly stock taking (Raw material, work in process, and finished goods).
• Dealing with banks.

Education

Master's degree, Finance
  • at The Islamia University of Bahawalpur
  • October 2005

3 Months internship in Ayesha Textile Mills Ltd

Bachelor's degree, Accounting
  • at The Islamia University of Bahawalpur
  • August 2003

3 Months Internship in Bank of Punjab.

Specialties & Skills

Microsoft Dynamics Navision
Profit & Loss Management
MS Office & Oracle 11i ERP Solution
Microsoft Dynamics Navision
Microsoft Office 2010
Oracle 11i
UNISYS APP. - Citrix Program Neighborhood (OPMAN & FINAL)

Languages

English
Expert
Urdu
Expert
Arabic
Beginner

Hobbies

  • Playing Chess, Watching Movies, Internet Surfing