Babar shehzad ACCA

• Preparing financial statements for Halliburton companies in United Kingdom, Netherlands and Liechtenstein. Assisting with Statutory filing requirements of entities in Germany, Denmark, Italy and Angola.
• Preparing Statutory Adjustments such as Retained Earnings, Cut Off and US GAAP to Local GAAP, Intra Branch entries eliminations and Investments in Associates.
• Responsible for working with Auditors throughout the year relating to Audits of Financial statements and PBC requirements, Audits of Internal controls, Balance sheet entries reconciliations.
• Actively engaged in month end closing and year end closing for the various assigned accounts including reserves, liabilities, provisioning, accruals, Trial Balance scrutiny etc.
• Preparing monthly Balance sheet Accounts reconciliations for Halliburton entities in Norway, Netherlands, United Kingdom, Italy, Germany, India and Saudi Arabia. Reviewing to ensure that the entries booked comply with US GAAP and Halliburton Business Policies. Questioning Country Finance Managers on areas of doubts, suggesting required adjustments and corrections, Further making sure entries have been corrected where required.
• Direct communications and constant interaction with Country Accounting Managers, Tax Managers, Auditors and Legal Teams.
• Training & mentoring of new employees in the reconciliation preparation and Statutory & Tax filing process.

• Analyze and interpret sales variances and trends between actual, budgeted and prior results in developing forecasts and trend analyses on an on-going basis.
• Initiating and Supporting Budgeting and Forecasting Process, by collecting Data, working on preparation files, Calculating, Evaluating and Analyzing Data, Posting Forecasts and Budgets into System
• Support the process to measure and analyze financial and operational information (e.g. financial ratios, Trend Analysis, Product Volume, price, Mix Analysis, sales forecasting platform, product pricing, and management reports).
• Preparing and Submitting Daily and weekly sales reports, Sales Trends, discussing outcome with Sales Managers for relevant comments to Management Monitors compliance with International financial reporting and company policies and procedures
• Preparing Weekly, Monthly, Quarterly Sales Reports, Profit and Loss Accounts by SKU, by Category, by Channel, by sales Departments, by Regions etc.
• Ensured Submission of all ADHOC reports on timely basis when required by Senior Management and Department Managers.
• Performing monthly cost analysis such as Production costs, Conversion costs, Yield %, wastage, idle time, raw material costs, and production mix analysis.
• Performing Departmental cost analysis such as Sales & Marketing, HR, Production, IT and Accounts to ensure departmental costs are in line with Budgeted numbers, seeking further clarifications on unusual spending, presenting findings to board.

•Initiating and Supporting Budgeting and Forecasting Process, by collecting Data, working on preparation files, Calculating, Evaluating and Analysing Data, Posting Forecasts and Budgets into System.
•Supporting Month End Closing by Analysing Trial Balance and Income Statement during closing stages, notify GL Team of Adjustments and unusual Balances. Ensuring Accurate monthly Provisions and reversals where required for Cost and Revenue Adjustments, Intercompany Adjustments, Incentives, Freight etc.
•Performing Detailed Financial analysis with comments, on monthly basis, comparing financial data with Budgets, Forecasts, previous periods and industry information where available, Highlighting changes which are material.
•Performing detailed Monthly cost analysis, comparing costs with Expense Budgets, prior periods, requesting further details from relevant departments for unusual increases, presenting findings to Management for review.
•Preparing Weekly, Monthly, Quarterly Sales Reports, Profit and Loss Accounts SKU wise, Category wise, Channel wise, sales Departments wise, Region and Country wise to provide Breakup of Revenue and profit by Department, Category, for deeper understanding of actual performance and further decisions makings by Management.
•Initiating and Presenting monthly Profit and Loss Review Meetings, Pricing Meetings, presenting our calculations and findings on Monthly basis to help senior management decide on pricing decisions per category, region and product.
•Preparing and submitting monthly and Quarterly Management Reports.
•Supporting Strategic Finance Department with the financial information required for their Monthly reporting.
•Working on Monthly prices calculations for pricing decision making, based on current costs, market and replacement costs of product, and obtaining future incoming shipments details from demand planning department.
•Supporting for business and finance integration of new brands in the existing set-up upon opportunities
•Preparing Monthly Incentives for Sales teams, providing calculations to HR for processing, highlighting Areas with consistent over and under achievements to management for Targets review purpose.
•Providing AD HOC reports when required by management and all other departments in Organisation for their reports and presentations.

•Preparing Monthly Financial and Management Reports by collecting Data, Analyzing and Investigating Variances, Summarizing Data and Trends, Preparing monthly Profit & Loss Accounts, Location Wise Income Statements, Revenue Reports, Expense Reports, Vehicles reports, KPI reports
•Posting and Processing Monthly Transactions and handling month close process to ensure right cut off period used for Revenue and Expenses for same month. Preparing monthly Accruals Entries, Preparing monthly Prepayments Amortisations entries,
•Monthly Bank Statements Reconciliations to ensure Company Accounting records are in line with Bank Accounts, highlighting Transactions with variances to enquire accounts team and perform necessary Adjustments entries for corrections with Approval of Finance Manager. Handling treasury related activities, Maintaining Bank Accounts Balances to meet monthly Payments Commitments on Post Dated Cheques, Bank Loans etc.
•Maintaining Fixed Assets Registers in constantly changing numbers of Vehicles every month, ensuring capitalisation of all related costs, ensure right depreciation percentages used, ensuring right disposal procedures and entries are made for Monthly sold vehicles exclusion from Asset Register.
•Preparing Quarterly Financial Reports, Profit & Loss Accounts, Quarterly Performance Reviews for submission to Management, Budget UK, Liberty Investment Company (LIC) and Our Auditors, also assisting any additional requirements from Parent Company, Auditors and Budget UK.
•Reviewing Process of Credit Facility by Authorising Work of Credit Controller for Further Approval from Finance Managers after necessary checks to ensure Trade references and Bank References are obtained where required. Also submitting Monthly Debtors Aging Analysis reports to Finance Manager for further review and Arrange Monthly Debtors Meetings between Accounts Receivables, PRO and Finance Manager.
•Reviewing and Authorising monthly payments to suppliers for Approvals form Senior Management, reviewing Payment Vouchers prepared by Accounts Payables Team, ensuring supporting documents e.g. Supplier Quotations, Purchase Orders and invoices are attached. Maintain Petty Cash Accounts, petty cash reimbursements, reviewing amounts used for supporting and Approvals from Management.
•Reporting all Group Companies Transactions, Sister Concerns and related Party Transactions to Parent Company including Monthly Group Trade Receivables, Payables, Ensuring to maintain separate reporting line and Control accounts for disclosure purpose, and Assisting Consolidation related requirements from Parent Company.
•Coordinate and Assist in Quarterly Internal Audit requirements, Interim, Annual Audit requirements with E&Y, Internal Auditors (from LIC and Budget UK)
•Assist Finance Managers in Preparation of Cash Flow Forecasts, Budgets, Year End Financial Statements (P&L, Balance Sheets, Statement of Changes in Equity, Cash Flow Statements) Ensuring the Financial Statements are according the requirements of IAS, IFRS also preparing Fleet Utilisation Reports and Sold Vehicles Reports.

•Assisting in Preparation and finalisation of the statutory accounts with an eye on quality, thoroughness and accuracy for non-audit clients and ensuring that accordance with IFRS, IAS and local accounting standards.
•Preparing tax computations and Annual returns for companies and updating Clients Management in dealing with Tax and VAT Returns.
•Preparing Quarterly Interim Accounts for clients, to help understand current Position and preparing budgets and forecasts for coming Quarters.
•General Bookkeeping and payroll services to small Businesses for Tax submission purposes, VAT Return to clients.
•Assisting Financial Advisors in PFI using Advance Financial Management valuation methods and Ratio Analysis to determine current Market position of company and its current Market Value, and company’s borrowing position.
•Monitoring and reporting regarding the productivity of staff under my supervision and adherence to work plan schedules on each assignment.
•Developing an understanding of the client’s business, and becoming a “functional expert” in the area.
•Keeping abreast of latest developments as they affect GAAP, IFRS, IAS, ISA, Sarbanes-Oxley and getting conversant with industry developments and their effects on client competitive position.
•Anticipating and addressing client concerns, and escalating problems as they arise for the clients in my portfolio, meetings with them and recognizing and informing senior management of opportunities to increase the level and types of services to clients and present the quarterly status reports on each of them for Partners review.