Accountant
Lal's Group
Total years of experience :12 years, 7 Months
• Preparation of monthly MIS. Investigating and highlighting variances between budget vs actual.
• Coordinating with External Auditors for Annual Audits.
• Preparation of annual budgets based on standards & past performances.
• Review all invoices for appropriate documentation and approval prior to payment posted by Junior staff.
• Account for accruals, prepayments and recharges either in the system or manually as appropriate to ensure accounts are correctly reflected in financial books.
• Maintained fixed asset detail; including adding assets, transferring CIP accounts to active and disposing of assets when needed.
• Arranging a summary of the ageing report on monthly basis required by various people in the finance division.
• Prepare monthly marketing expense report and compare with budget.
• Assist in completion of tax submissions.
• Calculate the sales Staff Incentive.
• Reconciliation of related parties and inter-group company’s balances.
Accountant at Mahmood Textile Mills Ltd, Multan Pakistan
General Ledger Responsibilities / Financial Reports:
• Assisting Manager Accounts for preparation of financial statements of the company in compliance with applicable IFRS and IAS for internal MIS & External Auditors on Annual Basis.
• Supervise the whole range of Accounts Receivable & payables.
• Coordination with Internal/External auditors & follow ups on the implementation of suggested control policies & procedures within the Group
• Reviewing all type of payment and receipt vouchers.
• Reviewing and finalizing monthly payroll to ensure compliance with company policy.
Accounts Receivables:
• Posts customer payments by recording cash checks, and Bank Transfers.
• Maintain Aging analysis of vendors and Constant follow up for pending dues as per agreed credit terms.
• Receive and verify invoices and requisitions for goods and services.
• Reconcile the account receivable ledger to ensure that all payment are accounted for and properly posted.
• Verifies validity of account discrepancies by obtaining and investigating information from sales, trade promotions.
Accounts Payable:
• Reconciles processed work by verifying Purchase Order and Delivery notes with Invoices and checking approvals for Purchases as per Organization policies.
• Reconcile vendor accounts by reconciling monthly statements of accounts.
• Disburses petty cash by recording entry; verifying documentation.
• Timely reconciliation of related parties and inter-group companies balances.
Cost and Inventory Controller
• Provides management with timely reviews of operating financial status. Researches inventory and cost of goods variances and prepares monthly internal cost of product analysis reports, using sales and inventory reports from various systems.
• Reviews month end waste/spoilage and inventory reconciliation reports. Provides detailed analysis on any irregularities or variances.
July 2011 to June 2013 Audit Associate Mirza & Company Chartered Accountants Pakistan
Job Description
• Carrying out audit of the financial statements of various clients in accordance with the International Standards on Auditing (ISA) and audit guidelines of Mudassar Ehtisham & Co.
• Preparation of audit checklists and manuals.
• Conducting review, preparation and compilation of financial statements in accordance with the International Financial Reporting Standards (IFRS) and applicable local laws;
• Assess business, audit and financial statement risks through understanding of clients’ business objectives, strategies and processes;
• Preparation of bank statement reconciliation and fixed asset register for various clients;
• Verifying compliance with various industry related laws, specific to client.
ACCA Member