Chief Accountant
Modern Century Trading Co. (KAFCO)
مجموع سنوات الخبرة :19 years, 2 أشهر
• Perform financial management duties including generating financial data, compiling and submitting reports, analyzing industry trends and assessing the financial health of the company.
• Oversee the operations and development of the company’s finance departments including creating and reviewing policies, budgeting, recruiting, training and conducting regular assessments of financial procedures.
• Supervise the preparation of quarterly and annual account reconciliations, monitor and enforce compliance with tax and financial reporting standards and assist with cash flow forecasting.
• Advise colleagues and executive management on decisions related to the company’s finances.
• Supervise the documentation of the company’s financial status and forecasts.
• Mediate between the organization, employees, stakeholders, shareholders and investors on financial issues for amicable resolution of differences.
• Create strategic business plans based on the analysis of the company’s status and financial forecasts.
• Ensures the integrity of accounting information by recording, verifying, consolidating, and entering Transactions.
• Managing the accounting department and team of accountants.
• Managing the company's accounting transactions and build the accounts according standards
• Preparing accurate financial statements and reports on a monthly, quarterly and annual basis
(Balance Sheet, income statement cash Flow& Budget, Financial Analysis).
• Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information.
• Ensures timely and completely recording all relevant accounting transactions.
• Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions, resolving discrepancies.
• Monitor expenditures, analyze revenues and determine budget variances and report the same to management.
• Maintains general ledger by transferring subsidiary accounts, preparing a trial balance, reconciling entries.
• Summarizes financial status by collecting information; preparing balance sheet, profit and loss, and other statements.
• Produces payroll by initiating computer processing, verifying finished product.
• Completes external audit by analyzing and scheduling general ledger accounts; providing information for auditors.
• Avoids legal challenges by complying with legal requirements.
• Secures financial information by completing database backups.
• Protects organization's value by keeping information confidential.
• Review and recommend changes to existing accounting procedures.
• Updates job knowledge by participating in educational opportunities, reading professional publications, maintaining personal networks, participating in professional organizations.
• VAT - Ensuring timely and completely recording all relevant accounting transactions.
• VAT - Ensuring compliance with all relevant Internal Control requirements.
• VAT - Providing accounting and clerical support to ensure that financial transactions are in compliance and of the VAT regulations.
• VAT - Preparation, validation and submission of monthly and quarterly VAT returns for the KSA entities.
• VAT - Handle VAT reporting (payable and receivables). Ensure collections and payments are done in line with KSA regulations.
• VAT - Submit VAT Return to the General Authority of Zakat and tax (the electronic portal).
• VAT - Maintain controls by adhering to the accounting department’s policies and procedures and ensure Tax practices are in compliance with KSA financial reporting statutes, standards and financial reporting best practice
• VAT - Researching, analyzing and interpreting changing tax legislation in both inside KSA and in GCC Countries.
• VAT - Compile, verify, and analyze financial information and prepare financial reports and
Job description: Senior Accountant.
Adjustment partners Accounts, capital partners & Current Accounts,
Costing, Cost allocation, Cost center, Cost estimate & inventory Control & Adjustment (W.A)
Loans & Adjustment Interest, Payroll (Over Time, Loans), and Posted All transactions Date By date for The System, Expenses Control, cash & petty cash Control., Sales, Purchases.
Accounts payable, Accounts Receivable, Fixed Assets & depreciation, Current Assets
Reconciliations bank statements & Visa Cards, Adjustment prepaid & Accrued Exp, L.C (later of credit).
Make a Reports For Management , Financial Position, Cash Flow, Income Statement
Balance sheets & Annual Reports, Quarters Reports, All finance department transactions.
Customer Center: Quotation, Sales Order, Order Fulfill(Job), Invoice& Delivery Note, Receive Payment
Vendor Center: Purchase order, Receive Items & Bill, Payment.
Job description: Accountant: specialty in Gold pieces and Diamond.
Inventory Control, Inventory evaluation, physical Inventory pricing Inventory.
Make and record daily transaction and issue entry.
Observation Accounts payable and Receivable.
Bank Reconciliation, adjustment entry.
Job description: American system (NETSUITE, QUICK BOX) Working all Finance & Accounting transactions on American system.
Credit card statement, bank statement and Reconciliation it, all vendors transaction like purchase order receive items and bill purchase orders and finally make a payment, the same thing with the customers, sales order, order fulfill and make invoices.
All most thing be working in excel sheets.
Job description: Accountant, Accountant consultant, Trainer and customer support.
1. Trainer For accountants to use application systems in Accounting, and how can the accountants record the accounting details on system, support and help the accountants in any problem opposition them and Solving it.
2. Directive the programmer how he can make a strong system based on correct basis in accounting standards.
3. Types programming:
a. Accounting system: (J.V, R.V, P.V) Bank Reconciliation, Trail balance, income statement, and balance sheet, Chart of Account.
b. Payroll system: all employee transaction, salary, advance payment, loan, Income tax and tax exemptions, social security, medical insurance, vacations, deduction, rebates.
c. Inventory system: merchandise transaction, periodical inventory system, perpetual system, evaluation ending inventory with (FIFO, LIFO, WA).
Job description: AUDITOR.
Evidence In auditing: physical Evidence, Authoritative Document.
Subsequent Events, Arithmetical Accuracy.
Sufficiency Factors For Relevancy and Materiality and Evidence.
Auditing Current Assets: Cash on hand and bank, Merchandise Inventory
Securities, Notes Receivable, Account Receivable.
Auditing Fixed Assets: Truth and Reality Depreciation Method
Intangible Assets: Good Will And Evaluation It, Amortization Good will.
Other Assets: Prepaid Expenses And Accrued Revenue.
Auditing Short Term Liabilities: Account Payable, Notes Payable.
Credit Bank Accrued Expenses, Unearned Revenues.
Auditing Long Term Liabilities: Bonds, Loans.
Auditing Owners Equity: Capital, Reserves And Provisions.
Make And Issue The End of year Statement: Income Statement, Balance Sheet, and Cash Flow.
Job description: Accountant. Manual
Book keeping (Journal Book, ledger Book).
Subsidiary Book (purchases and sales book, cash book).
Cash and bank transaction, payroll and salary.
Make trading account and profit & loss account.
Job description: Accountant In Financial Department
1. Revenues and Expenses Adjustments (prepaid expenses, Accrued Expenses, Accrued Revenues, Unearned Revenues)
2. Fixed Assets Adjustment: Depreciation of Fixed Assets and Causes of depreciation, Straight Method Double Declining Balance Method, Sum Of The Years Digits Method, Disposal Of Fixed Assets)
3. Account (s) receivable Adjustment: Valuation of Accounts Receivable Good Debts & Bad Debts & Doubtful Debts.
4. Banking and Bank Transactions and Reconciliation Statement Bank.
Philadelphia University Degree: B.A in administrative and financial sciences. Major: Accounting. Rating: (GPA) = 74.5 out of 100 points.