Consutant Finance - R2R ,Fixed Assets
Vodafone - Qatar
Total years of experience :21 years, 2 Months
• Updation of Fixed Assets Register for full details
• Help Finance operations department in the
implementation of Fixed Assets Module in Oracle
Fusion.
• Suggestions for further improvements in current
FA processes and in Oracle Fusion.
Fixed Assets
Fixed Assets Accounting:
•Capitalization of all the Fixed Assets of the Company including group level.
•Sole member in automation from manual FAR to Oracle ERP Implementation
•Sole member in automation from Oracle ERP to Oracle Fusion Implementation
•Review of CIP (Projects under construction) and ensure its Capitalization on time.
•Analysis & Review for Capitalization of Capital projects including all the subsidiary business units like Academy, Logistics, Hospital, Hotel, Stadium, Sports club, Printing press, Kidzania etc.
•Capital Projects Creation & Maintenance in system
•Review of CAPEX Open PO’s and subsequent Capitalization
•Managing Capitalization, Depreciation and Disposal of Fixed Assets.
•Maintenance of Fixed Assets Register at Equipment level in ERP
•Creation & Maintenance of project wise database of CAPEX spend
•Tracking of CAPEX PO’s and their Reconciliation with FA Records and Payments.
•Liaison with Internal & External Auditors for IFRS Compliance
Reporting:
•Reporting Schedules of CAPEX and Depreciation
•Consolidated Reporting of CAPEX on Group level covering all the associated business entities (Academy, Logistics, Hospital, Hotel, Sports Club, Printing Press etc.).
•Project wise Reporting & Analysis for CAPEX
•CAPEX Position reporting for Insurance purposes.
Accounts Payable:
•Liaison with the Vendors for proper invoicing and CAPEX payments.
•Scrutinization of invoices from the vendors for proper Capitalization data and for CAPEX Accounting in Accounts Payable module.
•Liaison with the Ministry for Capital Projects payments.
Physical Verification & Reconciliation:
•Comparison of Physical Count of all the Assets of the Co. and updating in ERP system.
•Track Movements of Assets and updating in ERP
PR/PO Progress:
•Tracking of CAPEX PO’s and their reconciliation with FA Records and Payments.
•Manage & Report on the progress of CAPEX PO’s.
Fixed Assets Accounting:
•Capitalization of all the Fixed Assets of the Company.
•Project Creation & Maintenance in system
•Monthly review of CAPEX Open PO’s and subsequent Capitalization
•Managing Capitalization, Depreciation and Disposal of Fixed Assets.
•Maintenance of Fixed Assets Register at Equipment level/WBS in ERP
•Maintenance of site wise database of CAPEX spend
•Tracking of CAPEX PO’s and their Reconciliation with FA Records and Payments.
•Key member in ERP Implementation of CIP Module.
•CAPEX Accruals - Analysis and Review
•Full CAPEX Management of Mobily Subsidiary Co. (NCBS)
•Define FTTH Projects in system and its Capitalization
•Maintenance of Intangible Assets (Licenses & ROU)
•Review of CIP and ensure its Capitalization on time
•Involved in price negotiation and CAPEX requirements for new Technology related Tenders.
•Liaison with Internal & External Auditors for IFRS Compliance
Reporting:
•Month-end Reporting and Analysis of CAPEX and OPEX(Depreciation) for Mobily
•Month-end Reporting and Analysis of CAPEX and OPEX(Depreciation) for NCBS (Mobily Subsidiary)
•Monthly CAPEX reporting for Budget & Cash Flow Projections
•Project/Site wise Reporting for CAPEX
•CAPEX Position reporting for ZAKAT & Insurance purposes.
•Reporting schedules for Intangible Assets (Licenses & ROU)
Accounts Payable:
•Liaison with the Vendors for proper invoicing and payments.
•Scrutinization of invoices from the vendors in ERP for proper Capitalization and for CAPEX Accounting in Accounts Payable module.
•Co-ordination with the Technology department for CAPEX Management.
Physical Verification & Reconciliation:
•Assigning Tag numbers for the Fixed Assets
•Comparison of Physical Count of all the Technology Assets of the Co. and updating in ERP system.
•Supervise Field inspection trips to the Technology Sites for Physical verification.
•Track Movements of Assets and updating in ERP
PR/PO Progress:
•Monthly review of CAPEX open PO’s and subsequent Capitalization.
•Tracking of CAPEX PR/PO’s and their Reconciliation with FA Records and Payments.
•Involved in price negotiation and CAPEX requirements for new CAPEX Tenders floated or external suppliers.
•Manage & Report on the progress of CAPEX PR/PO’s.
•Differentiation and Approval of new PR’s in system after classifying as OPEX or CAPEX.
Capitalization of the entire Technology and non-Technology assets of the firm on monthly basis.
•Looking after all the Capitalized projects of Fixed NW, Mobile NW, Broadband and Pay TV services.
•Liaison with Procurement and budgeting depts. for correct flow of information
•Preparation of various monthly reports for the management like monthly CAP/CIP report, Assets movement report, Insurance reports etc.
•Handled Move Orders in the Inventory Module for issuances of equipment to various projects.
•Month-end Reporting and Analysis of CAPEX and OPEX (Depreciation).
•Project/Site wise Reporting for CAPEX
•Project/Site Creation & Maintenance in system
•Monthly review of CAPEX Open PO’s and subsequent Capitalization
•Review of CIP and ensure its Capitalization on time.
•CAPEX Accruals - Analysis and Review
•Check Movements of Assets and updating in ERP
•CAPEX Position reporting for Insurance purposes
Fixed Assets)
•Capitalization of all the Assets of the firm right from receiving to issuance with major emphasis on Network & IT Assets.
•Supervision in recording of GRN’s & SIN’s for Inventory and capitalizing local purchases/services.
•Costing of Imported shipments.
•Coding of payment claims for proper GL coding.
•Supervised Physical verification of Cell sites & Technical Warehouses nationwide.
•Liaison with Logistics dept for timely receipts of shipments and with the procurement dept for the contracts.
•Assistance to IT for implementation of new PMCL ERP solution related to Infra Assets.
•Insurance of all the Assets of the firm with monthly enhancements/deletions.
•Negotiations with the major Insurance Companies for debate on new contracts (Analysis, quotes & reporting)
•Negotiations with the Insurance Co. for minimum premium rates and timely settlement of claims with maximum benefit to the company.
•Advise to management on new procedures of Insurance claims and payments.
Accounting Outsourcing
•Bank Reconciliation Statements and Accounts Payable for various Telecom clients.
•Prepared Financial Statements for various small & Medium Enterprises.
•Tax Compliance for the clients.
•Liaison with Regulatory Authority for new Co. registrations and other regulatory affairs.
Association of Chartered Certified Accountants - UK
MBA in Finance & Accounting
Part Qualified - Foundation Course