Collaborator and Freelancer
MAXWELL ACCOUNTING FIRM
Total years of experience :2 years, 10 Months
KEY COMPETENCIES AND SKILLS
• Important knowledge of the International Accounting Standards.
• Great ability to interpret causes of financial transactions and their consequences.
• Outstanding knowledge of transactions’ posting, in various accounting journals: sales, sales tax, purchases, sales returns, purchase returns, inventory adjustments, accruals, prepayments.
• Recording of various journal entries in appropriate accounts within corresponding ledgers.
• Control of the accuracy of various ledger accounts.
• Ability to readily treat discontinued operations and extraordinary items in financial statement preparations.
Activities Carried-out: (Strong Excel skills)
• Collaborated with accounting team to support various accounting projects and activities on a regular basis.
• Performed transaction analyses using relevant source documents to come up with appropriate journal entries to be posted in general or subsidiary (sales and purchase) journals.
• Conveniently, carried-out Inventory Valuations; either through FIFO (First-in, First-out) method or Weighted Average Cost method, for appropriate current assets assessment.
• Equally performed the inventory valuation of manufacturing companies; considering their stock of raw materials, work in progress and finished goods.
• Skillfully elaborated the calculations of depreciation or amortization expenses for diverse non-current assets; tangible or intangible, in complete accordance with the International Accounting Standard prescriptions.
• Properly treated each and every financial transaction; considering prepayments, accruals, sales commissions, accumulated depreciations, to ensure a clear and accurate transcription of their effects.
• Performed bank reconciliations through comparisons and cross-checks with appropriate books: cash books, cash receipt journals and cash payment journals against bank account documents.
• Managed the various accounts of general ledgers, to ensure their appropriate balance at every fixed period; for a subsequent preparation of financial statements.
• Made use of all relevant books of prime entry to design trial balances; verify accuracy of financial records, and ensure all error corrections before financial statements’ preparation.
• Prepared Profit and Loss Accounts, and subsequently; Statement of Comprehension Income, Statements of Financial Position, Statements of Cash Flow and Statements of Owners’ Equity, based on companies’ accounting year end, as well as presentation preferences.
• Derived financial information from financial statements such as Return on Shareholders’ Equity (ROE), Return on Assets (ROA) or Times Interest Earned; and compiled analytical tables (common-size income statements used for comparison) so as enable an in-depth analysis of business performance.
• In all accounting procedures, made use of Generally Accepted Accounting Principles, in order to make sure of the viability and reliability of accounting produces: revenue recognition, matching principle, materiality, entity principle, conservatism, going concern, consistency, prudence, and so on.
Tasks carried out:
• Assist the coordinator with month-end financial reports
• Help with bank statements reconciliation, as well as accounts payable and receivable
• Perform balance sheet reconciliation
• Assist with the preparation of ad hoc and other internal reports
• Ensure the completion of assigned tasks in line with established deadline
• Assist with the semi-annual physical inventory
• Manage monthly tracking of physical inventory
• Support the payment processing team
• Do data entry and credit checks
• Help in monitoring spending, costs and budgets
• Assist in the forecast and planning of future spending and profits
• Recommend ways to reduce costs and increase profits
All these under the supervision of other accountants
Through this two-years program, I came across many important courses, which I completed successfully. The program was concerned with an in-depth study and comprehension of various the accounting terminologies, methods, procedures and analysis. Courses validated and passed included: Financial Accounting and Reporting Business Analysis Management Accounting and Control Performance Management Research Project
This Bachelor's degree was a three-year program, which I started on October 2010. In fulfilling this program, I validated and passed multiple courses; from introductory economic and finance subjects to fundamental and typical accounting courses. They included: Principles of microeconomics Principles of macroeconomics Principles of finance Principles of management Business mathematics Principles of accounting I Principles of accounting II Intermediate financial accounting I intermediate financial accounting II Managerial accounting theory and practice Risk management Business law Accounting Information System Taxation Corporate and International Accounting Non-profit accounting Auditing Principles of financial management Industrial Internship Research Report
As a future accounting professional, I deemed necessary, to get used to accounting software, given their progressively increasing use in our business world and fields. It was based on the current accounting software used in our Cameroonian enterprises that during this program, I studied: Excel and Sage
This was a study program I carried out, in an attempt to increase and smoothen my knowledge of most relevant office software and also, in a strive to move at the same pace, with our continually evolving business environment. The main interests of this study were on: Operating with Windows 7 Microsoft Word 2010 Microsoft Excel 2010 Microsoft PowerPoint 2010 Microsoft Publisher 2010 Internet Browsing with internet explorer Office management (secretariat duties)
