Mohamed Mazen CPA CMA

vember 2006 - Till date
- Preparation of accurate and timely financial reports and statements and ensure appropriate accounting control procedures.
- Preparing Actual vs plan and forecast variance analysis.
- Quarterly and Yearly Audit assignments, Assisting in preparation of group financial statements, Preparation of Audit schedules.
- Ensure financial records are maintained in compliance with accepted policies and procedures.
- Assisting in the preparation of annual budget.
- Analysis of Profit and losses trends starting from gross revenue through Net revenue, SG&A and net profit and the variance against plan, forecast and prior years.
- Monthly analysis and closing of books of accounts of subsidiary companies and consolidation with HFM (Hyperion Financial Management) system.
- Monthly Analysis of group balance sheet, cash balances, deposits, Net Debt, Intercompany loan and interest, Cash balance Trend, Current assets and current liabilities etc.
- Completion of the investment and equity elimination for the whole group and its HTO (Historical Translation Override).
- Oversee available for sale investment for the group and its evaluation.
- Allocation of corporate expenses to business groups, reviewing intercompany cost and revenue accounts etc at group level.
- Working closely with treasury department and verify treasury functions to ensure the consistency and determine trends of inflow and outflow cash flow.
- Cash forecast and cash flow statement.
- Handling the company’s debts accounting (loans & Bonds) and its related transactions (Interest calculation and their payments & Debt repayments & Debt reclassification according to the maturity date & Debt related issuance fees (calculation and the monthly amortization).
- Currency revaluation for the monetary balance sheet items denominated in foreign currencies other than the functional currency.
- Term Deposits & Interest on Term Deposits (Accrual & Actual).
- Interest Rate Swaps Mark to Market and their maturity closing entries.
- Foreign Currency Swaps Mark to Market and their maturity closing entries.
- Other entities funding / interest calculation and billing.
- Shareholders’ Dividends declaration, distribution and dividends payments
- Handling Intercompany related transactions and Intercompany Reconciliation.
- Reconciling reports from IT2 system (treasury system) to ensure accuracy of records for external transactions such as Fixed Deposits, external and internal loans (Intercompany).
- Maintain complete records of fixed assets, accounting of fixed assets and ensure appropriate depreciation is charged off.

Monthly closure of books of account. Finalization of sales and cost of sales accounts.
Reconciliation of General Ledger and Accounts Receivables.
 Handling Accounts Payable transactions, Invoices recording and the suppliers’ payments.
Preparation of L/C for foreign suppliers and keeping track of bank credit limits etc.
 Handling daily banks transactions and monthly banks reconciliation.
Over Draft Interest (monthly Accrual& Actual).
Interest on call accounts.
Credit cards transactions.
Financial audit preparation and coordinate the audit process.
Preparing Trial Balance.
Preparing P&L.

Preparing payments to suppliers & reconciliation of bank & Supplier accounts.
Monitoring petty cash and recording petty cash expenses.
Preparing payrolls sheet and employees deductions.
Booking for the daily invoices to the showrooms.
Periodic Inventory Checking.

 Good Experience in book keeping.
 Good Experience in payable.
 Good Experience in receivable.
 Good Experience in Bank accounts,
Bank Reconciliation and.
 Good Experience in general ledger.
 Good Experience in sales analyses.