Financial Accountant
Al Jammaz Group
مجموع سنوات الخبرة :4 years, 10 أشهر
Preparation and submission of MIS and other financial reports and regular interval to the finance director.
On time providing current budgetary position the program manager for the purpose of decision making. Monitoring the expanses in adherence with budget and reporting to higher management the tactual and budget
Assisting in preparation year end closing of accounts and preparing supporting schedules and statements for the audit purpose. Providing required documents to auditors, donors and project partners.
Liaise with auditors, international creditors and bankers.
Booking of multi-currency purchase invoices, accounting of credit notes and debt notes of vendors. Verifying and controlling purchase accounts by way of invoices and goods yet to be received.
Proper controlling of inter-company invoices by considering price and supply variances and ensuring timely payments to creditors.
Ensuring the payment is supported with proper documents and approvals,
Supervision of subordinates and overseeing the entries are posted into appropriate accounts heads and extracting financial data in accordance with company policies.
Managing petty cash and reporting petty position, timely compile legal documents to the bank for smooth operating of all currency bank accounts.
Monitoring the currency fluctuations for the purpose of international payments to have control over exchange losses.
Monthly banking reconciliation of 4 bank accounts SAR, USD, EURO & AED and other banking credit instruments like VISA, MASTER and American Express.
Very good hand on calculation of material cost of sales and introduced full-fledged inventory control system.
Objectives of studying the organization
Overview of the organization
Nature of the organization
Business volume in terms of revenue, deposits, advances, investments, etc.
Organizational structure
Describe the structure of overall organization in terms of reporting lines
Review of the various departments of the overall organization
Structure and functions of the Department (where training carried out)
Departments operations: Describe the working of department (where training
The role of Managers in establishing/maintaining relationships
Use of electronic data in decision-making.
Sources of funds
Generation of funds
Critical analysis of the theoretical concepts relating to practical experiences
Financial analysis:
Give five latest years Balance Sheet in a single table form
Give five latest years Income Statement in a single table form
Ratio analysis for last five years.
Short-falls/weaknesses of the organization
Conclusions
References
Monthly preparation of profit & loss accounts, Balance sheet and other monthly cost accounting reports.
Compiling financial transactions, passing journal entries and posting to general ledgers.
Strictly fallow and maintained accounts records and as per GAAP and IAS.
Careful checking, scrutinizing and reviewing of accounting data and extracted accurate financial reports and submitted to management on monthly basis.
Prepare and reviewed budget by proper analyzing revenue, direct expanses and indirect expanses, payroll expanses and capital expenditures
Controlled various expanses by optimum utilization of existing resources and introduced other cost controlled payroll expanses and capital expenditures
Effectively managed payroll, general ledger, and inventory and banking functions.
Developed and maintained modern accounting systems by installing latest software and extracted accurate and timely financial data for decision making.
Explained and convinced vendors, customers and staff the billing accounting policies of the company and there by minimized the billing discrepancies.