Karan Peswani, Senior Accountant

Karan Peswani

Senior Accountant

Universal Tube & Plastic Industries Ltd.

Location
United Arab Emirates - Dubai
Education
Master's degree, Accounts
Experience
16 years, 3 Months

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Work Experience

Total years of experience :16 years, 3 Months

Senior Accountant at Universal Tube & Plastic Industries Ltd.
  • United Arab Emirates - Dubai
  • My current job since July 2012

Responsible for VAT accounting and monthly return filing.
Administering foreign currencies - ensuring forward booking/hedging and settlement on time
Creating various schedules and reports for USA Anti-dumping Audit - case on steel pipes.

Coordinating with banks for Credit Facilities through Import and Export L/C and subsequently converting them in to TR Loans
Monitoring cash flow and planning for monthly settlement of trust receipt loans before the due date

Leading electronic funds transfer and administering online banking functions
Coordinating for various functions related with bank from loans to online banking

Managing the following:

o Monthly reporting of Trail balance, P & L and Balance Sheet to M.D and Managers
o Bank and related party transactions on daily basis

o Monthly fixed asset ledger maintenance


Developing daily cash forecasts

Analyzing purchase invoices including freight and transport bills for subsequent payment process
Posting and maintaining accounting documents in the database

Processing salaries for 250+ employees and creating debit notes, credit notes, journal vouchers and depreciation voucher

Accountant at Westzone Supermarket LLC
  • United Arab Emirates - Dubai
  • April 2010 to April 2012

Key Result Areas:
Created daily reconciliation of sales through credit / debit card
Analyzed and reconciled discrepancies when they occur
Prepared, reviewed and analyzed financial statements
Managed accounts payable by processing payment of invoices by due date
Coordinated with Finance Manager during audit

Highlights:

Successfully prepared a format for managing Credit/Debit Card (Sales) transactions

Article Assistant at Hiranandani & Associates (C.A. Firm)
  • India - Mumbai
  • October 2007 to February 2010

Handling t Taxation, Audit & Accounts assignments.

Assignments in Taxation: -
 Preparation & Finalization of Income Tax Returns of Individuals, HUF’s & Partnership Firms;
 Preparation of submission to be made and reply to be given in response to notices received from the Income Tax Department;
 Filing various Letters of Rectification u/s 154 of the Income Tax Act, 1961 for various clients;
 Computation and Preparation of TDS returns of assesses;
 Computation and Preparation of VAT Returns of Individuals and Partnership Firms.

Assignments in Audit: -
 Conducting Tax Audits of Individuals & Partnership Firms.
 Conducting VAT audit & preparation of reports of various assesses.

Assignments in Accountancy: -
 Preparation of Accounts in electronic form using Tally 7.2 & 9.0;
 Finalising of Accounts of individuals & partnership firms.

Education

Master's degree, Accounts
  • at Institute of Chartered Accountants of India
  • May 2009

 Appeared for C.A. PCC from Institute of Chartered Accountants of India in May, 2009.  Cleared COMMON PROFICIENCY TEST from Institute of Chartered Accountants of India with 100 marks in August, 2007.

Bachelor's degree, Accounts
  • at Mumbai University
  • January 2009

• Completed GRADUATION from Mumbai University with 72.00% of marks in the year 2009.

Specialties & Skills

Treasury Management
MIS Reporting
Banking
Accounting

Languages

English
Intermediate
Hindi
Expert

Training and Certifications

CMA Certified Management Accountant (Certificate)
NCFM Certification in Derivatives Market (Dealers) Module (Certificate)
NCFM Certification in Capital Market (Dealers) Module (Certificate)