Usfan Butt
(Job Seeker - Active)
Senior Accountant
Dubai
Summary of Career
1. Finalization of Financial Statements in accordance with international accounting standards IFRS & IAS.
2. Responsible for daily, weekly, and monthly account activities including timely and accurate accounts payable, accounts receivable, payroll, bank reconciliation of all corporate accounts, cash receipts, disbursements, invoicing, and preparation of daily bank deposits.
3. Preparation of MIS report for multiple branches, monitoring of the profit & loss of the company, and suggesting measures for improvement.
4. Reconciling inter company accounts on monthly basis.
5. Preparation of Management Letter for the Higher Management highlighting weaknesses with recommendations in control environment.
6. Dealing with preparation and submission of VAT Returns on quarterly basis.
7. Dealing with the Banks, External and Internal Auditor of the company.
8. Preparation of ad hoc reports as required by management.
9. Profit and Loss analysis.
10. Reorganized the internal controls environment of the company to identify the key risk areas and suggested appropriate solutions.
Experience as Senior Accountant
02 February 2015
05 May 2020
Accounting Experience
• Finalization of Financial Statements in accordance with international accounting standards IFRS & IAS.
• Responsible for daily, weekly, and monthly account activities including timely and accurate accounts payable, accounts receivable, payroll, bank reconciliation of all corporate accounts, cash receipts, disbursements, invoicing, and preparation of daily bank deposits.
• Preparation of MIS report for multiple branches, monitoring of the profit & loss of the company, and suggesting measures for improvement.
• Reconciling intercompany accounts on monthly basis.
• Preparation of Management Letter for the Higher Management highlighting weaknesses with recommendations in control environment.
• Dealing with preparation and submission of VAT Returns on quarterly basis.
• Dealing with the Banks, External and Internal Auditor of the company.
• Preparation of ad hoc reports as required by management.
Major Achievements
• Streamlined the accounts, successfully performed 3 years backlog and facilitated the external audit for the said period.
• Reorganized the internal controls environment of the company to identify the key risk areas and suggested appropriate solutions.
Experience as Senior Auditor
02 February 2015
31 March 2018
Audit Experience
• Planning of Audit by initially analyzing financial statements by identifying key Risk Areas.
• Analysis of internal Controls for identify the sample for substantive testing.
• Performed Substantive tests of selected sample to identify Errors & Misstatements in different areas of Accounts.
• Analysis of Management assumptions in calculating Year End Schedules, Contingent Liabilities.
• Communication of Results to Partner as well as the management of the client and the adjustments needed for the Financial Statements.
• Conduct investigation of suspected improprieties in a confidential and professional manner.
• Develop recommendations for areas of improvement, write reports documenting findings, and follow up on recommendations to ensure suggestions are implemented.
• Complete audit reports for dissemination to management and ensure proper follow up of outstanding items and recommendations.
Experience as Audit Associate
Bin Moosa Group
03 February 2014
31 July 2014
Accounting/Audit Experience
• Performing Audits of Clients in vast categories of business i.e. Construction, Manufacturing, Textile, Outsourcing and automobile.
• Vouching the various sections of financial statements i.e. payables, receivables and cost of goods sold.
• Evaluated internal controls to identify operational weaknesses, design deficiencies and provide recommendations.
• Reviewed financial records to ensure compliance with implemented accounting policies and procedures.
• Passed necessary journal entries & prepared cash trial and bank reconciliation Statement.
• Depreciation rate charged as per statute.
• Assisted my team in various due diligence assignments.
• Evaluated tax compliance system, Analyze the tax returns.
Master 10 April 2019
ACCA - Member ACCA membership. Once you have completed your ACCA Qualification by passing your exams, along with three years' practical experience and the Ethics and Professional Skills module, you will be invited to become an ACCA member. You will be able to use the 'ACCA' letters after your name.