General Accountant
Heart Beat Medical Center & One Day Surgery LLC
Total years of experience :14 years, 1 Months
• VAT Registration of the company with Federal Tax Authority (FTA) of UAE.
• Implement the changes in the Chart of Accounts (COA) & Customization of accounting software to adapt the changes with the VAT Implementation.
• Submission of the VAT returns and settle the payments of VAT Authority for Any VAT due for the quarter, and refund the amount from Vat Authorities If Vat paid is higher than the VAT received.
• Preparation of the Budget, Monthly Cash Flow statement and analysis Monthly Profit & loss Situation to make the long term forecasting.
• Suppliers Statement reconciliation with their general ledger and to resolve the discrepancies between the balances if there is any.
• Reconciliation of the remittance advice received from Insurance companies reconcile it
with the funds remitted in the bank account, notify to the insurance companies if there is any difference in balance transferred, follow up with insurance companies if the funds received and the remittance is not received.
• Coordination with the bank representatives for the Bank Guarantee & any specific required services, Arrangement with the Bank relation shop manager to arrange the working capital finance & for Assets Mortgage finance.
• Supervise the junior accounting staff in the department and review their work for data entry, Sending purchase order to suppliers & recording of Purchase invoice & Credit Invoice and the Cash Collection Reconciliation from the cashiers.
• Design the internal control polices and implementation of the internal controls in accounts department.
• Coordination with the Internal Auditors and provide them complete clarification of the samples chosen for the internal audit.
• Liaising with the External Auditors for the Annual External Audit and share the In House Accounts & Schedules for the preparation of Audited Financials.
Company Registration to FTA (Federal Tax Authority) and changes in the accounting system& manual to comply with the FTA Regulations & Requirements.
Developing the accounting system to produce the Management reports & VAT Reports &Financial Reports according to regulation requirements.
Set up of an Accounting system & Accounting policy & Credit limits & Credit & Period & Criteria for selection of the suppliers & Authorization limits & Petty Cash Limit.
Implementation of Recommendation from External Audits, Surprise Internal Audits of the Production Units.
Monitor that Internal Control Procedures are up to date and implement of any new changes done in the Internal Controls done.
Assist and Guide the staff of accounting department and staff from other departments.
Review of Stock Movement Reports, Recording of Day to Day Transaction According to Accounting Guidelines & Standards, Ledger Analysis, Bank & Supplier Reconciliation, monitor that Internal Control Procedure has been followed.
Preparation of the Management and Financial Reports from the General Ledgers & Trial Balance.
Preparation and analyse the Monthly & Periodical Financial Reports, discussion with the management on different Important areas of Both Balance Sheet & Income Statement.
Preparation of Monthly Sales Budgets, Daily Cash Flow situation and Forecasting of anticipated sales & purchases on the base of experience and current market situation.
Liaising with the External Auditors, submitting them the annual In-House Financials for the annual external audit, responding the external auditor queries and arranges to confirm the Financial Statements balances to the Auditors.
• Develop a strong Internal Control Environment in Department and Implement the Internal Control Procedures.
• Training of the junior accounting staff and supervise their job responsibilities and monitor that internal control procedures has been followed.
• Implementation of New Accounting Software, Setting Up Company Chart of Accounts, Creation of the Suppliers, Receivables, Employees, Credit Terms, Data Base, and Importing Last Year’s Opening Balances.
• Recording of Day to Day Sales, Purchases, General Entries, Expenses, CHEQ Deposits, Payments, Monthly Banks Account Reconciliation.
• Review and analyse of the Purchases Ledger, Sales Ledger, Stock Movement, Supplier Statement Reconciliation, Bank Reconciliation, and Review of In-House Financials that they are fulfilling the IAS& IFRS Criteria.
• Job Costing for Each Project, Cost to Grew Up the Cattles, Farms Rental, Cattle Mortality Value, Ships Crew Salaries, Fuel Cost and Comparison of different supplier Prices, outsourcing company’s annual services agreement value calculation, Fright Value Calculation, delivery of cattle to slaughter houses and allocation of fixed cost on each voyage.
• Variance Calculations & Ratio analysis on Budget & Actual.
• Management reports preparation and discussion on the contents of reports with Accounts Director.
• Discussion with the management on latest company financial position and planning the tax return submission.
• Preparation of the Financial Reports (Income Statement, Balance Sheet, Equity Statement) From the General Ledgers and Trial Balance.
• Assisting External Audit Team on annual external Audit, Resolving the Queries and provide the necessary supporting requested.
• Developing the accounting system which will be able to generate financial & management reports according to accounting requirements.
• Developing the Internal Control System, Communicate the Internal Controls within the department and ensure that Internal Controls are strictly followed in Accounts Department.
• Discussion & Implementation of the accounting policies & recommendations from the Auditors.
• Training of the new staff in accounts department and supervise & monitor the work of Junior accounting staff.
• Calculate the Project costing from the start of the project Transfer of Stock from one Store to Factory, Calculate the WIP (Work in Progress), Transfer Prices between Parent & Subsidiary company, Valuation of finished goods, Calculation of Material Delivery Price & Installation Cost.
• Monthly Stock Taking to check the physical existence of stock & calculation of obsolete stock and closing stock valuation to compute the COG, s (Cost of Goods Sold).
• Audit of the ware house stock & the Factory Material WIP and Finished Goods Audit.
• Review of accounting double entries and ensure its recorded according to IAS, Reconciliation of ledgers, expenditure analysis, monthly stock taking, Reconciliation of Bank Statements, Internal Control are followed.
• Consider the Company Overdue payments, upcoming expenses, expected inflows and preparer the Weekly Cash Flows, Calculate the Excess & Deficit Cash and consider using the option of Trade Finance (LC, s & OD, s & TR, s & Invoice-CHEQUE discounting Options).
• Project Actual & Budgeted Cost comparison and in the light of Cost Incurred on project different phases prepare Project Profitability reports.
• Prepare the Financial Reports Balance Sheet & Income Statement and the Management customized Reports.
• At the Year End Coordinate with the auditors to get done the external audit for all the entities in the group, discuss with the management the performance for the year on the base of external audit report.
• Implementation of an internal control system in accounts department, segregate the duties between accounts department members, Monitor the Internal Control Policies.
• Monitor the due fees, send reminders to parents, collection of Cash Fees and record in accounting system, maintain the record of receipts and deposit the cash into Bank Accounts, Monthly Bank Reconciliation.
• Prepare the reports on management request to compare the actual progress with the Budgeted amounts.
• Process the monthly payroll for Admin & Teaching staff.
• Send the LPO, s to suppliers and make the receipts for the collection of Fees.
• Documentation and filing of all the original documents Invoices, Receipts, Delivery Notes.
• Train the junior staff of accounts department, share with them the reporting formats and assumptions used in Budget.
• Coordination with the legal authorities to get approvals and payment plans for the expansion plans.
• Cash Flow reports preparation to plan the Suppliers & Salaries Payments.
• Financial Statements preparation and coordinate with the Auditors to get the External Audit done.
• File the Online Tax Returns.
Certified Public Accounts
ACCA
BSC Honors Applied Accounting
