Accounting Manager
EAST & WEST TRAVELS LLC
Total years of experience :18 years, 2 Months
Maintaining the individual and group accounts in accordance with International Financial Reporting Standards
Implemented Value Added Tax (VAT) and conducted the impact analysis
Maintaining all VAT related records and filing VAT returns
Staff training for accounting and VAT related matters
MIS reporting and preparation of monthly, quarterly and annual financial results
Regular follow ups of company receivables to ensure prompt recovery
Preparing business plans feasibility studies for the company for possible expansions and acquisitions.
Managing company finances including working capital management
Reviewing inter-company reconciliations
Dealing with banks to ensure unblocked availability of bank funds
Coordinating with external auditors to ensure timely completion of external audit
Planning audits and developing audit strategies along with identification of potential risk areas
Supervise junior engagement team members and help them to define the audit strategy
Execute complex assurance procedures
Identifying audit differences / issues and escalating as appropriate
Working closely with team to determine whether the audit plans are properly executed
Develop and maintain productive working relationships with client personnel
Finalizing the engagement reports and presenting to assurance manager
Contributing in professional development activities at firm level to develop personal skills of all staff
Responsible for the day to day management of financial services including treasury management, pay cheques to suppliers, depositing cheques in banks etc
Responsible for monthly and annual closing of books of account to report on profit and loss
Preparation of local and international bank transfers including salary transfers
Ensuring all financial practices is in line with statutory requirements
Dealing with bankers to secure the company's planned financial needs
Monthly preparation of budgets and variance analysis
Supervising month-end stock count and reconciling inventory with general ledger
Finalizing company accounts, year-end closing and dealing with external auditors
Preliminary planning and development of detailed audit plan
Review, analysis and conclusion on work performed
Prepare and critically review statutory accounts to ensure they fully meet company law and financial reporting requirements
Provide timely feedback to engagement partner in relation to ongoing engagements
Attending board meetings, audit committee meetings and annual general meetings when required.
Completion of quality control review of the firm
Preparing and submitting tax returns of the clients which comprises of listed, unlisted, private limited companies, individuals and partnership firms
Advising clients on effective tax planning to minimize the tax liability
Three and half years training as prescribed by the Institute of Chartered Accountants of Pakistan from Hameed Chaudhri & Co., Chartered Accountants, Lahore, Pakistan has provided me extensive practical experience in audits of various types of organizations including public (quoted and un-quoted), private and guarantee limited companies.
