Muhammad Raza Asif

• Prepared financial statements as per the requirements of IFRS (International Financial Reporting Standards) 
• Acquired and managed working capital facilities including Cheque Discounting, STL (short term loan), LC (letter of credit) and Bill Discounting
• Managed financial accruals and prepayments in financial reporting.
• Prepared Fixed and Flexed budgets and forecasts to measure and manage the resources   
• Prepared spend analysis for cost control through variance analysis
• Provided required financial information to all stakeholders and owners for strategic decision making
• Prepared Financial projections and cash flows for company’s funds management
• Coordinated with auditors, tax consultant and legal adviser
• Managed Accounts Receivables and Accounts Payables.
• Dealt with Bank and financial Institutions for the better financial management and minimize the cost of finance

As part of Bin Moosa Group’s accounts team, I am responsible for:

• Preparation of financial statements as per the requirements of International Financial Reporting Standards (IFRS).
• Financial facilities acquisition and management including Cheque Discounting, STL (short term loan), LC (letter of credit), Bill Discounting
• Implementation of UAE VAT into the accounting system. Company registration and TAX RETURN submission, Dealing with TAX Authorities.
• Dealing with day to day transitions for VAT.
• Projects evaluation based on financial & non-financial factors and with application of different performance evaluation methods according to the suitability of circumstances.
• Handling of LC with suppliers and customer. Supervision of logistic department for shipping costs analysis.
• Preparation of salaries and processing WPS (wages protection system).
• Supervision of purchase and sales departments with regards to maintenance of accounting records according to IAS/IFRS.
• Measuring, controlling and improving the performance management system of organization.
• Prepare internal audit plan bearing in mind nature, scope and extent of engagement Accounts Payable / Accounts Receivable management.
• Assess key risk areas by understanding control environment, information system, and control activities of the entity
• Responsible for MIS reporting to top management to enable them in making strategic decisions
• Financial projections & cash flow management
• Coordination with, auditors, tax consultant & legal adviser.

 Preparation of financial statements as per the requirements of International Financial Reporting Standards.
 Projects evaluation on the basis of financial & nonfinancial factors and with application of different
performance evaluation methods according to the suitability of circumstances.
 Establishment of CSF for the organization according to overall company goals and its key stake holders.
 Assurance of successfully achievement of CSF with the help of KPI.
 Business evaluation by applying different methods while keeping in mind the different types of risks
affecting the business performance.
 Generating and implementing ideas to maximize assignment profitability.
 Reviewing financial statements for subsidiaries/small companies to a level where no manager/senior
manager or partner changes are required.
 Measuring, controlling and improving the performance management system of organization.
 Effectively managing the audit process with appropriate consideration of audit risk issues and accounting
technical matters.
 Producing assignment budgets and timetables, and managing delivery against them. Identifying efficiency improvements and additional billings, and identifying assurance issues and
developing solutions.
 Prepare internal audit plan bearing in mind nature, scope and extent of engagement.
 Assess key risk areas by understanding control environment, information system, and control activities of
the entity.
 Perform testing in order to evaluate effectiveness and efficiency of existing internal control system and its
compliance to company policies and procedures.
 Responsible for providing financial information to top management to enable them in making strategic
decisions.
 Financial projections & cash flow management.
 Coordination with, auditors, tax consultant & legal adviser.
 Accounts Receivable and Accounts Payable Supervision.

 Assisting in Preparation of financial statements in accordance with the International Financial Reporting
Standards.
 Assisting in Projects evaluation on the basis of financial & nonfinancial factors and with application of
different performance evaluation methods according to the suitability of circumstances.
 Producing monthly management accounts for all departments in a timely and accurate manner.
 Manage Accounts Receivable and Accounts Payable, preparing the reconciliation and payable aging report.
 Supervision of monthly stock taking & quantitative reconciliations of stock Finalization of stock valuation
(Finished goods, WIP and Raw Material).
 Carry out Bank Reconciliation for all the bank accounts, investigating any unusual items and preparing
them for review by the Finance Manager.
 Supervising, directing and training of junior staff members.
 Preparation of Fixed Assets Register.

Group Bank Reconciliation (for 5 Companies, 8 Banks and 29 Accounts).
Assisting in preparing budgets and business planning, including projected room revenue.
Producing an accurate set of month-end accounts, with comparisons to forecasts and previous periods.
Controlling the payroll.
Recording daily room occupancy and rate totals.
Recording revenue totals for cash, checks, and credit card transactions.
Generating automated accounting reports for the manager's review.
Settling Corporate Accounts and sending reports to those entities for billing purposes.
Updates receivables by totaling unpaid invoices.
Chasing late payments, reporting bad debts and keeping a careful eye on the cash flow.
Resolves collections issues by examining customer payment plans, payment history, credit line; coordinating with collections department.
Verifies vendor accounts by reconciling monthly statements and related transactions.
Disburses petty cash by recording entry; verifying documentation.
Tax Detail of payable (Vendors) & Receivables (Clients).
Prepare tax detail on monthly basis.