Senior Accountant-Fixed Asset
Al-Majed for Oud Co.
Total years of experience :11 years, 11 Months
• Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
• Recommend to management any updates to accounting policies related to fixed assets.
• Assign tag numbers to fixed assets.
• Record fixed asset acquisitions and dispositions in the accounting system.
• Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
• Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
• Calculate depreciation for all fixed assets.
• Review and update the detailed schedule of fixed assets and accumulated depreciation.
• Calculate asset retirement obligations for those fixed assets to which AROs are applicable.
• Investigate the potential obsolescence of fixed assets.
• Conduct periodic impairment reviews for intangible assets.
• Conduct periodic physical counts of fixed assets.
• Recommend to management whether fixed assets should be disposed of.
• Conduct analyses related to fixed assets as requested by management.
• Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
• Prepare property tax returns.
• Represent the company during any audits by a government that involve fixed assets.
• Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.
Responsible for compliance with group corporate accounting requirements, to meeting scheduled reporting, special requests for financial information, and adherence to group accounting practices and policies.
-Translates operational projections into the Annual capital expenditure, cash flow and operating budgets.
-Preparing audit schedules for external auditors.
-Preparing reports and analysis of cost.
-Identifies and reviews variances and prepares Budget vs. Actual variances reports
-Prepares monthly financial statements with all notes and analysis required by management.
-Prepares all treasury reports and forms in accordance with the treasury policies and procedures.
-Prepares the consolidated reporting package required by the financial management services on a timely basis.
-Coordinates the timely implementation of all accounting procedures to accomplish accounting objectives.
Responsibilities:
-Carry out different transactions (purchase orders, payroll, expense claims, accounts receivable, recoveries and journal entries, etc...)
-Preparing and recording accounting entries, reports and financial statements
-Dealing with banks, transactions cheques, cash as well as Debit and Credit notes
-Providing timely and accurate financial reporting to the board of directors and Head Office
-Follow-up and inventory control
-Providing necessary assistance to the external auditing authorities
-Following procedures to make sure that the financial operation of the company is carried out without any loopholes or any issues with the sovereign authorities
-Dealing with all sovereign authorities, such as the Tax Authority and the Social Insurance Authority and the Customs Department
Bachelor's Degree in Commerce, Ain Shams University, Faculty of Commerce, accounting department, Graduation year: 2012,Overall grade: Acceptable