Muhammad Ahmad Raza - ACCA BSC Honors, General Accountant

Muhammad Ahmad Raza - ACCA BSC Honors

General Accountant

RUKN AL FAKHAMA AUTO TRADING LLC

Location
United Arab Emirates - Sharjah
Education
Bachelor's degree, Applied Accounting
Experience
9 years, 7 Months

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Work Experience

Total years of experience :9 years, 7 Months

General Accountant at RUKN AL FAKHAMA AUTO TRADING LLC
  • United Arab Emirates - Sharjah
  • My current job since October 2015

 Financial Accounting

Supervise accounting practices, managing the accounting department, preparing budgets,
financial Statements and Management reports and audit functions.
Ensure timely data entries, Reconciliation and availability of proper supports with checks and
balances.
Reconciliation of control accounts with sub ledgers, bank reconciliations and aging
analysis of Accounts Payables and Receivables.
Develop suitable business MIS to encapsulate all the key performance indicators,
financial, commercial & operational.
Implement IFRS in the Accounting culture for awareness and smooth outcome of annual
audit of the Company.

 Value Added Tax (VAT)

To keep abreast of current developments relating to VAT and other taxation issues in all
jurisdictions of GCC.
Preparation and Final submission of VAT Return to FTA.
To review and monitor the adequacy of systems of company, procedures and other
relevant records to ensure compliance with VAT, excise and other taxation Regulations.
Review financial information of the company (such as, detailed trial balances - without
any net-offs) to identify VAT touch-points and the potential VAT impact.
Functional VAT technical training for Accounts Receivables (AR), Accounts Payable
(AP), sales.
Preparation of VAT manual for the company including updated processes and procedures
(upon the availability of VAT Law).


 Treasury and Banking

Monitor liquidity of all accounts from where payments are issued including timely
arrangement of funds.
Act as a first point of contact with all banks and financial institutions for all accounts /
funds transfers, issues & queries.
Prepare Weekly Cash Report including comments on major variances in cash balances
compared to previous week.
Prepare rolling monthly operating cash flow forecast to ensure funds are available as and
when required.
Identify excess funds and recommend short term deposits with banks as required.
Coordinate with the banks on KYC requirements including filing FATCA forms /
requirements.
Prepare bank reconciliations, identifies differences and resolves queries to ensure
minimal reconciling items.

 CASH Flow Management

Ensure adequate liquidity to meet the organization's needs.
Weekly review of accounts receivables and discussion with credit and sales department.
Oversee the strategy & performance of the invoicing & credit control functions, ensuring active collection
techniques & minimal bad debt exposure.
Manage the financial resources and ensures proper utilization of Group financial resources (cash flow,
WCR, investments).

 Custom Clearance & Import-Export

Communicate with Freight Forwarders, Shipping Companies and custom clearance agents regarding import
and re-export of stocks.
Prepare required documentation for claim submission to Customs for obtaining the custom refund on the
re-exported stock.

 Monthly Closing of Accounts

Prepare and processes accrual entries for loan interest expense, deposits interest income
Prepare prepayment schedules, advances and prepare amortization entries.
Review trial balance and clearing queries.
Prepare Financial Reports as required by Senior Management.
Generate monthly reports including AP Aging, Payments and Open PO Reports from ERP system.

Internal Auditor at Parker Randall A.J.S Chartered Accountants
  • Pakistan - Islamabad
  • October 2014 to September 2015

Prepared and Analyzed Full set of Financial Statements.
Value Added Tax (VAT) preparation and final submission to relevant authorities. Book Keeping Assignments.
Internal Audit and System Implementation. Preparation of Internal audit reports and providing appropriate recommendations.
Identification of key business risks and overall risk assessment.
Agreeing and obtaining management comments on the draft Internal Audit Report.

Education

Bachelor's degree, Applied Accounting
  • at Oxford Brooks University
  • March 2016
Higher diploma, ACCOUNTING, FINANCE AND AUDITING
  • at ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA)
  • July 2015
Diploma, ACCOUNTING AND BUSINESS MANAGEMENT
  • at ACC
  • January 2014
Bachelor's degree, BANKINGAND FINANCE
  • at University Of The Punjab
  • January 2008

ACCOUNTING AND FINANCE

Bayt Tests

English for Business Skills Test
Score 60%
Management Skills Test
Score 68%

Specialties & Skills

Innovative Problem Solver
Financial Reporting
MS Office tools
Decision Making Skills
Team Player
FINANCIAL REPORTING
FINANCIAL STATEMENTS PREPPERATION
VAT FILLING AND COMPLIANCE
AUDIT SCHEDULES
CUSTOM CLEARANCE
BUDGET PREPERATION
BOOK KEEPING
MONTH END ACCOUNT CLOSING
CASH FLOW FORECASTING
IMPORT AND EXPORT PROCEDURES
PERFORMANCE MANAGEMENT
INTERNAL AUDIT AND ASSURANCE
BANK RECONCILIATION
FINANCIAL MANAGEMENT
YEAR END ACCOUNT CLOSING

Languages

English
Expert
Arabic
Beginner
Urdu
Native Speaker

Hobbies

  • Reading, Sufi Music, Over Night Desert Camping