Ummar Farooq
Chartered Accountant (Inter)
Dubai
Summary of Career
? Achieved 3 times faster financial reports by implementing Accounting Package (ERP) to State award winning NGO. And Fund Raising of 3.6 million by preparing Investment proposal plan. ? Safeguarded companies from legal consequences by setting up and implementing VAT.
Experience as
22 May 2012
12 October 2012
Established firm offering ‘ready to eat’ products along with two partners. Sold the business within 6 months to continue professional education. Responsible for Accounts and Finance functions of the firm.
Key areas of work:
• Project feasibility study
• Financing
• Investment decision making
• Cost reduction strategies
• Accounting system Implementation
• Preparation of financial statements.
Experience as
15 October 2012
14 October 2015
Performed various Accounting, Auditing, Taxation and Reporting functions under the guidance of prominent Chartered Accountant of the region, functions ranging from financial data entry to leading Audit Initiatives with the team of 5 members.
Key Areas of Work
? Preparation of financials,
? Reconciliation statements,
? Accurate financial reports to specific deadlines.
? Computation of
- Income Tax,
- Value Added Tax (VAT),
-Service Tax & TDS and Preparation of Tax returns & filing.
? Monthly Cash Flow Statements,
? Annual Budgets,
? Internal Audits,
? Statutory Audits,
? Audit Report Preparations
? Developing external relationships with appropriate contacts & regular liaison with them.
Experience as
15 October 2015
25 July 2017
•Successfully guided Clients in
-Developing and implementing Accounting systems
-Worked with many different types of business models ranging from Small to Mid sized Companies, partnership firms and sole-proprietors for their accounting needs.
• Directed accounting functions and Assisted accountants in
-Financial reporting
-Financial audits & compliance
-General ledger, A/R, A/P
-Fixed-asset accounting in accordance with GAAP standards.
-Developing and managing external financial relationships (e.g., banks, insurers, auditors, government departments)
-Constantly look for ways to strengthen overall financial performance.
Key achievements:
? Achieved 3 times faster financial reports by implementing Accounting Package (ERP) to State award winning NGO. And Fund Raising of 3.6 million by preparing Investment proposal plan.
? Safeguarded companies from legal consequences by setting up and implementing VAT.
? Developed a Business Operations manual resulting in enhanced compliance with company policies and procedures.
? Planned and conducted financial, operational, and compliance audit of various entities
? Led Audit teams in various audit initiatives of Banks, NGOs, Retail, and Manufacturing Cos.
? Revamped G/L, financial systems, reports, and schedules to improve forecast precision and standardize reporting procedures for newly set-up Restaurant in Bangalore, Increased accounting efficiency by 100%.
? Delivered Budgetary Control services to clients, which prevented loss of revenue and expense reduction.
? Demonstrated ability to motivate and energize a team of employees to enhance productivity.
Bachelor 08 June 2012
BBM – Passed with Aggregate of 76.9 %( First Class with Distinction), India, 6/2012 – Scored 94.66% in Income Tax Paper.Master 07 August 2012
Chartered Accountant - Inter – Passed CA-IPCC (Inter) & CA-CPT in the first attempt,