Result oriented Financial Accountant with a proven track record of excellence in financial accounting across various industries. Holding a professional certification in accounting and equipped with extensive experience, excel in handling financial operations, ensuring compliance with regulations, and delivering accurate reports.
Record and maintain financial transactions, including sales, purchases, receipts, and payments.
Performing month-end closing activities, ensuring accurate and timely financial reporting.
Reconciling bank statements to ensure the accuracy and completeness of financial records.
Preparing of financial statements, including income statements, balance sheets, and cash flow statements.
Conducting quarterly inventory counts to verify stock levels and reconcile discrepancies.
Collaborating with other departments to obtain necessary financial information and ensure data accuracy.
Assisting with budgeting and forecasting processes as needed.
Supporting the implementation and improvement of accounting procedures and internal controls.
Teaching Fundamentals of Financial Accounting Debit and Credit rules, Complete Accounting Cycle, Receivables, Payables, Bank Reconciliation Statements, Depreciation & Inventory System and Methods
All Accounting Principles (Entity, Realization, Matching and Principles of Conservatism. Bases (Cash Basis and Accrual Basis)
Cover the classification of assets, liabilities, and equity on the balance sheet.
Teaching students about different types of assets (e.g., current assets, fixed assets) and liabilities (e.g., current liabilities, long-term liabilities).
Discuss equity components such as common stock, retained earnings, and additional paid-in capital.
Introduce students to the concept of international accounting standards and frame work for financial reporting and their importance in promoting transparency and comparability in financial reporting.
Provide an overview of the International Financial Reporting Standards (IFRS) framework and how it differs from other accounting standards.
Focus on specific IASs that are relevant to the topics covering, such as IAS 1 (Presentation of Financial Statements), IAS 2 (Inventories) IAS 7 (Cash Flow Statement) IAS 8 (Accounting Policies, Changes in Accounting Estimate and Errors) IAS 10 (Events after the reporting Period) IAS 16 (Property, Plant and Equipment), IAS 36 (Impairment of Assets), IAS 37 (Provision for contingent Assets and Contingent Liability) IAS 38 (Intangible Assets)
Financial Statements as per IAS 1
Processing Payments through ERP software to the vendors
Deduction of Withholding Tax, generating online challan and submitting to FBR
Processing Payroll through ERP Software
Handling EOBI Pakistan cases (registering employees with EOBI, contribution and depositing timely through online challan form
Preparing monthly budget consumption plan
Preparing Fund requisitions
Preparing Annual Budget
Validating the monthly income of loan applicants on behalf of clients, usually banks,
involves physically visiting their business premises. This process includes a thorough
examination of their business reports and documents, scrutiny of their business
procedures, verification of sales, purchase costs of goods sold, and fixed assets through
supporting documents. Additionally, it entails reviewing business bank account
transactions to support their business processes and creating a detailed,
comprehensive report. This report, accompanied by all supporting documents, helps
determine the confidence level for issuing a loan to the applicant.