Ammara Urooj

• Managing and overseeing daily operations of the accounting department including accounts payable/ receivable, general ledger, payroll, budgeting, cash flow management, bank account reconciliations.
• Establishing and enforcing proper accounting methods, policies and principles.
• Monitoring and analyzing accounting data producing and maintaining error free financial reports required by the management at any given time, for cash flow management and to provide information about profitability of operations.
• Evaluation of existing procedures of internal controls and accounting system and ensuring the improvement of existing system and implementation of new system in an efficient manner.
• Reconciling company’s bank records with bank generated statements and manage finances for the upcoming future financial needs
• Preparation of variance analysis reports and discussion with higher management for the reasons and recommendations to initiate corrective actions.
• Liaison with external auditors for the finalization of annual audit and generation of audit report.
• Compliance with relevant laws and regulations
• Developing necessary contacts with banks and figure out various issues with banks whenever required including LC.
• Travelling to other GCC countries whenever required by the management.
• Performing internal auditing services for other sister concern companies.

• Preparing quotations on receiving of inquiries and issuing invoices upon completion of projects, follow up for receivables and payables, maintaining reports required for accounting purpose.
• Evaluating existing procedures of internal controls and accounting system and ensuring the improvement of existing system and implementation of new system in an efficient manner.
• Dealing with internationally recognized brands mainly from U.S. for flooring solutions and interior design projects
• Developing necessary contacts with clients for promotion of business and follow up with clients and suppliers from the start of project until it get finished for the timely delivery of product.
• Conducting all other accounting and admin related responsibilities for ensuring smooth functioning of Accounting & Admin department

-Preparing monthly, quarterly and annual accounts/reports for the management, giving detailed analysis and insight to evaluate financial performance, financial position and cash flows of the company, in order to develop strategies for the growth of the company;
-Preparing annual financial statements in compliance with the requirements of the statute (the Companies Ordinance, 1984) and IFRSs/IASs;
-Monitoring and ensuring the completeness and accuracy of accounting records in the computerized accounting system, developing accounting and internal control systems for transaction flows;
-Managing all corporate and allied matters pertaining to the filing of periodical and occasional forms/returns of the company to the Companies Registrar and Securities and Exchange Commission of Pakistan;
-Managing all matters relating to direct and indirect taxes including the tax audits by Federal Board of Revenue;
-Posting and reconciling bank statements;
-Supervision of corporate matters such as incorporation of Public Limited Companies and Private Limited Companies including Single Member Company;
-Dealing and collaboration with Joint Registrar and Deputy Registrars of Securities and Exchange Commission of Pakistan (SECP) in corporate matters;
-Providing Secretarial services under Companies Ordinance, 1984 such as increase in authorized capital, change of name of the company etc. along with filing of various statutory forms.

 Preparation of planning and strategy documents for audit engagements;
 Setting budgets for assignments and ensuring they were adhered to;
 Managing teams of up to six people to ensure audit activities were carried out in a timely and efficient manner;
 Researching and resolving audit issues;
 Computation of Corporation Tax liability;
 Drafting reports to company management identifying weaknesses in the company’s systems and controls and making recommendations for their improvement;
 Drafting reports on the salient features on each engagement and submission of reports to group auditors in the case of multinational companies;
 Conducted induction training courses for new staff.

A BRIEF DESCRIPTION OF THE AREAS ON WHICH I HAVE WORKED OVER THE YEARS FOLLOWS:-

Financial Reporting, Accounting, Audit & Assurance Services

 Preparation/examination, analysis and review of financial statements for the purposes of forming an audit opinion as per statutory & professional requirements;
 Understanding of entity’s business and preparing its documentation; assessment of internal control risks by identifying areas of non-compliance; evaluating manual and automated financial processes; identifying process weaknesses and inefficiencies;
 Preparing overall audit plan (audit strategy) and relevant audit programs;
 Managing, planning, supervision and review of financial audits according to the requirement of local regulations and International Standards on Auditing;
 Ensuring proper application of International Financial Reporting Standards and International Accounting Standards in the audit clients being audited;
 Communicating with those charged with governance such as drafting engagement letters and management letters;
 Review audit working papers and performing analytical procedures;
 Prepare formal audit report and certificates to assist the partners in expressing an opinion on the truth and fairness of financial statements;
 Competence of tackling taxation issues;
 Analyzing the strategic objectives of a business and identifying the risks encountered in meeting these objectives;
 Extensive knowledge and exposure of international accounting and auditing standards;
 Conducting meetings/ interviewing the client to complete sections of assigned audit work;
 Assisting and supporting clients in meeting their regulatory requirements.

Budgeting, Forecasting and Variance Analysis

 Conducting feasibility studies and preparing detailed reports using budgeted income statements and
budget statement of cash flows;
 Budgeting, forecasting and preparing detailed reports on any likely variances.

Stock Take/ Inventory Valuation

 Understanding the nature of entity’s stock in trade, stock management, logistic management and preparing its documentation; assessment of internal control risks by identifying areas of non-compliance; evaluating weaknesses and inefficiencies;
 Planning and conducting stock take.