Senior.Accountant
Sitara Chemical Industries Limited
مجموع سنوات الخبرة :4 years, 11 أشهر
Provide the analysis, summarization and maintenance of general ledger accounts and develop the chart of accounts for the entity. .
Documents Financial Transactions by entering account information and Recommend Financial Actions by analyzing accounting options.
Managing A/P includes processing PO’s, invoices, payments, follow up with vendors and resolving discrepancies in a timely manner.
Managing A/R includes SO’s, invoices, receipts, customer statements, resolving issues to customers on time.
Performing aging analysis of outstanding accounts payable s and receivables. Also monitor and update records of outstanding AP & AR.
Perform monthly, quarterly and year end closing processes & activities. Also prepare schedule and reconciliations.
Analysis of all controlling accounts in General Ledger and Prepare Special Financial reports by collecting, analyzing and summarizing account information and trends.
Processes payments and documents such as invoices, journal vouchers, employee reimbursements and statements.
Prepare assets, liabilities and capital account entries by compiling and analyzing account information.
Secure financial information by completing data base backups.
Maintain banking relationships
Assist Management in preparation of the company's budget
Report to management on variances from the established budget, and the reasons for those variances
Assist management in the formulation of its overall strategic direction
Audit & Assurance
Development of general strategy and detailed audit plan.
Making detailed time budgets and coordinating with the staff to meet the reporting deadlines.
Identifying areas of potential risk.
Obtaining an understanding of accounting and internal control system.
Assessing the control risk at preliminary stage.
Evaluating the effectiveness of the design and operations through test of controls.
Identifying weaknesses, addressing risk and giving suggestions to improve internal control system.
Addressing and resolving significant accounting and auditing issues arose.
Obtaining sufficient appropriate audit evidence through substantive and analytical procedures and physical stock counts.
Complying with the International Financial Reporting Standards (IFRS) and International Standards on Auditing.
Preparing annual financial statements for the statutory purposes as assignments.
Client Portfolio:
Interloop Limited(Largest socks manufacturer & exporter in Asia)
Socks & Socks Private Limited
Quality Gases private limited
Ideal Rice private limited
Internal Audit
i. Ashfaq Textile Mills Limited (Weaving Company, Listed on Karachi stock exchange)
ii. Liver Center DHQ Hospital Faisalabad.
I worked as a job in charge in internal audit department of Ashfaq Textile Mills Limited and Liver Center DHQ Hospital Faisalabad. Where I worked on following head:
Examine and ensure that all business activities and transactions are strictly in accordance with the policies & procedures of the entity.
Ascertain that there are adequate controls to ensure reliability of accounting and other information as a basis for producing accounts and for financial, statistical and other returns.
Identify and evaluate the audit risk areas of the entity and provide necessary input to the development of the internal audit plan.
Extensive work in following modules:
Account Payable s;
Cash Management (Bank Payments);
Local/Export sale of fabrics
Account Receivables;
General Ledger and Receipts;
Payroll System Audit;
Post audit of Administrative Expenses.
Evaluate stock valuation of Fabrics and Yarn.
Physical stock verification in the month end and tally it with the software balance.
Maintain daily record of production of fabrics and verified from daily production sheet.
Discuss internal audit report with management regarding issues / observations / problems during the reporting period along with recommendations.