Muhammad Mudassar Tahir
Accountant
Dubai
Summary of Career
1. Prepare financial statements which includes Balance sheets, Profits & loss accounts, Cash flow statements, Statement of change in equity and Notes to the accounts as well as projected accounts and feasibility reports of various companies.
2. Conducting various types of Audits and ensure compliance with established internal control, procedure by examining records, reports, operating practices, and documentation.
3. Reviewing all Payable invoices thoroughly, authenticating calculations and removing discrepancies, if any, to process payment transactions and ensuring that all invoices are paid accurately and in accordance with Company’s policies.
4. Reconcile ledgers with suppliers and warehouse and take necessary actions if required.
5. Accounts Receivable management by preparing Weekly Receivable report, conducting Receivable aging analysis, following up customers, make reconciliation, resolve discrepancy if any and updating management on weekly basis
6. Revenue Recognition as per percentage of project completion method for Construction contracts (IAS-11), reconciling it with Tax invoices and Posting it in accounting software.
7. Calculating and preparing Payment certificate as per work completion report from site and issuing Tax Invoices in accordance with FTA regulations
8. Maintain Bank register & Reconciliation of Banks on daily basis, maintaining postdated cheques (PDC) and ensure availability of sufficient funds in bank at the time of due date
9. Expenses allocations like sub-contractor expenses, monthly accruals, amortization of prepaid expenses, fixed assets depreciation and recording of adjusting.
10. Perform general accounts analysis and reconciliations, including bank statements, fixed assets management, employer’s benefit costs, accruals and prepaid expenses
Experience as Senior Accountant
01 June 2017
16 November 2019
Job Profile:
Prepare financial statements which includes Balance sheets, Profits & loss accounts, Cash flow statements, Statement of change in equity and Notes to the accounts as well as projected accounts and feasibility reports of various companies.
Conducting various types of Audits and ensure compliance with established internal control, procedure by examining records, reports, operating practices, and documentation.
Preparing Job Cost report for all projects, preparing monthly Cost of Goods Manufactured.
Periodic Analysis of Costs and Costs allocation by Costing Ratios Analysis.
Reviewing all Payable invoices thoroughly, authenticating calculations and removing discrepancies, if any, to process payment transactions and ensuring that all invoices are paid accurately and in accordance with Company’s policies.
Comprehensive knowledge of procedures related to import, export& Letter of Credit (L/C).
Reconcile ledgers with suppliers and warehouse and take necessary actions if required.
Accounts Receivable management by preparing Weekly Receivable report, conducting Receivable aging analysis, following up customers, make reconciliation, resolve discrepancy if any and updating management on weekly basis.
Revenue Recognition as per percentage of project completion method for Construction contracts (IAS-11), reconciling it with Tax invoices and Posting it in accounting software.
Calculating and preparing Payment certificate as per work completion report from site and issuing Tax Invoices in accordance with FTA regulations
Maintain Bank register & Reconciliation of Banks on daily basis, maintaining postdated cheques (PDC) and ensure availability of sufficient funds in bank at the time of due date.
Expenses allocations like sub-contractor expenses, monthly accruals, amortization of prepaid expenses, fixed assets depreciation and recording of adjusting.
Perform general accounts analysis and reconciliations, including bank statements, fixed assets management, employer’s benefit costs, accruals and prepaid expenses.
Computation of Input & output Value Added Tax VAT (Group Consisting of four Companies)
Preparation, validation and submission of Quarterly Returns and ensuring VAT Compliance with the relevant regulations.
Verification of Value added Tax on invoices and recording of invoices in ERP including Input VAT.
Manage financial systems and budgets.
Preparing and processing of salaries though WPS & updating staff & labor loans.
Responsible for employee leave settlements, gratuity & final settlements for all employees.
Inter Company transaction Management.
Maintain fixed asset register& depreciation calculation for various fixed assets.
Fixed asset retirement by way of disposal/sale, scrapping, write off and transferring to some other company.
Booking monthly entries like Depreciation, Prepaid amortization, Intercompany transactions, Fixed Asset adjustments and other accruals to prepare monthly P&L analysis report.
Visa Processing, Cancellation, Trade License Renewal, Other Legal documents handling related to company, liaison with PRO & checks the PRO statement on daily basis.
Petty Cash invoices and staff reimbursements are paid accurately and in accordance with finance policies and procedures.
Maintaining all essential accounting record regarding suppliers, both in hard and soft form as per FTA regulation.
Other 31 July 2016
Cost & Management of Accountant (C.M.A)Master 30 November 2009
Master in Business Administration (M.B.A)Bachelor 31 July 2007
Bachelor in Commerce (B. Com)