cost Accountant
Wadi Group
Total years of experience :15 years, 5 Months
01. Calculating the value of normal and abnormal spoilage and do its accounting treatment.
02. Analyzing actual manufacturing costs by providing periodic reports comparing actual
Production cost vs. standard production cost.
03. Participate in Pricing of the new products using (cost plus) base.
04. Make monthly report of contribution margin for each product and each segment.
05. Making budget for the costs of production based on the forecasted sales.
06. Making monthly report that shows the items that bring about losses ( if we have ) and
Determining the cause of it.
07. Comparing actual costs with standard costs monthly.
08. Identifying the variance and make analysis of the cause of favorable variance and come up
With ideas on how to overcome unfavorable variances.
09. Making reports about all costing activities.
As a G L Accountant :
01. Work on all modules of the financial software ORACLE ERP (R12) system.
02. Follow up purchase men and purchase orders.
03. Follow up all suppliers (external & affiliated), verification of all payment orders of suppliers
And making all needed adjustments.
04. Administrate accounts receivable.
05. Follow up all amounts collected from customers (cash or check) manual & computer.
06. Follow up all overdue balances with clients and coordinate on AR settlements with
Sales department
07. monitor customers accounts details for non-payments, delayed payments and other
Irregularities.
08. Reconcile and maintain accounts.
09. Follow up sales men and sales orders.
10. Check of all inventory transactions (in - out - Transfer) and make all needed adjustments.
11. Review of outgoing inventory during month and define which is asset and which is expense.
12. Follow up all projects under process, and make needed adjustment entries.
13. Review and record all Letters of guarantee & Letters of credit procedures and transactions.
14. Monitor and resolve bank issues including anomalies fee and check differences.
15. Prepare journal entries needed and general ledger operations.
16. Making and Responsible of all bank reconciliations.
17. Making monthly closings in preparation of monthly financial statements.
18. Review and process expenses reports.
19. Preparing the outstanding balances from clients at end of the month.
20. Draw up monthly financial reports.
21. Prepare analysis of accounts as requested.
22. Prepare Taxation reports.
23. Assist with implementing and maintaining internal financial controls and its procedures.
24. Assist in year-end closings.
25. Preparing reports for annual auditing.
26. Assist in preparation of reports for tax examination.
27. Making computerized financial analysis reports using excel and support the firm
Management with the needed data.
28. Preparing of financial statements.