Mohamed Mashaly

Cost Accounting

- Developing and analyzing cost standards to ensure the accuracy of standard costs in the SAP ERP system & Perform annual standard cost updates

- Analyzing changes in product design, BOM, and manufacturing methods to determine effects on the cost

- Analyzing actual manufacturing costs and preparing periodic reports

Monthly reconciliation of FG & WIP & COGS

- Preparing monthly production variance report: MPPV, MUV, LRV, LEV, V-OHV, F-OHV & wastage reports on a weekly & monthly basis

- Review, report, and provide commentary/analysis of costs against prior periods, plan, and the latest forecast

- Make estimates of new products costs & it’s pricing studies

- Manage Day to day operation of the existing cost accounting functions

- Prepare quarter & annual financial statements notes for inventory, cogs & fixed assets

- Assist in preparation for annual audits including interacting with external auditors and examiners

Inventory Controlling

- Work with the inventory control team to monitor, track and improve the inventory count (cycle count) process and inventory accuracy

- Proactively review inventory transactions throughout the month to identify and troubleshoot unusual transactions and variances before the month-end close

- Review material prices and the change trends for all stock items

- Prepare aging & slow moving reports and their related studies for maximum benefit and utility for these materials

-Conduct studies for inventory coverage days and update them on a regular basis

Budgeting & Performance Analysis

- Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs

- Cooperate with executive management, to run the annual budgets process, long-term planning process, and monthly rolling-up forecast

- Design and implement effective budget policies and procedures

Responsible for monthly reviewing budget, achievement progress report, and recommendations for budget revision needs

- Develop & update Feasibility studies for investment plans according to the management strategies

- Prepare financial valuation for potential projects “CAPEX” and calculate (NPV, IRR, and Payback Period)

- Carrying out cost-volume-profit (CVP) analysis for All Products, Plants & Whole Company

- Analyze the productivity, capacity usage percentage, and budgeted performance tracking

- Make monthly reports of contribution margin for each product and each segment and prepare profitability report

Fixed Assets

- Review Asset requests and Capex POs to ensure proper account coding and compliance with the capitalization policy

- Review asset approvals, capitalization, transfers, and disposals

- Review Fixed Asset Register including month-end reconciliations

- Conduct valuation and impairment reviews

- Analyzes AUC (CIP) assets/projects, capitalize and place assets in service when projects are complete. Analyze aging AUC assets and prepare financial metrics on AUC assets for monthly cycle review

- Review journal entries, account analysis

- Prepare fixed assets reports & notes on a monthly, quarterly & yearly basis

Cost Accounting

- Developing and analyzing cost standards to ensure the accuracy of standard costs in the SAP ERP system & Perform annual standard cost updates

- Analyzing changes in product design, BOM, and manufacturing methods to determine effects on the cost

- Analyzing actual manufacturing costs and preparing periodic reports

Monthly reconciliation of FG & WIP & COGS

- Preparing monthly production variance report: MPPV, MUV, LRV, LEV, V-OHV, F-OHV & wastage reports on a weekly & monthly basis

- Review, report, and provide commentary/analysis of costs against prior periods, plan, and the latest forecast

- Make estimates of new products costs & it’s pricing studies

- Manage Day to day operation of the existing cost accounting functions

- Prepare quarter & annual financial statements notes for inventory, cogs & fixed assets

- Assist in preparation for annual audits including interacting with external auditors and examiners

Budgeting & Performance Analysis

- Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs

- Cooperate with executive management, to run the annual budgets process, long-term planning process, and monthly rolling-up forecast

- Responsible for monthly reviewing budget, achievement progress report, and recommendations for budget revision needs

- Develop & update Feasibility studies for investment plans according to the management strategies

- Carrying out cost-volume-profit (CVP) analysis for All Products, Plants & Whole Company

- Make monthly reports of contribution margin for each product and each segment and prepare profitability report

Fixed Assets

- Review Asset requests and Capex POs to ensure proper account coding and compliance with the capitalization policy

- Review asset approvals, capitalization, transfers, and disposals

- Review Fixed Asset Register including month-end reconciliations

- Conduct valuation and impairment reviews

- Analyzes AUC (CIP) assets/projects, capitalize and place assets in service when projects are complete. Analyze aging AUC assets and prepare financial metrics on AUC assets for monthly cycle review

- Review journal entries, account analysis

- Prepare fixed assets reports & notes on a monthly, quarterly & yearly basis

Cost Accounting

- Developing and analyzing cost standards to ensure the accuracy of standard costs in the SAP ERP system & Perform annual standard cost updates

- Analyzing Job order BOM, and OH For each service

- Analyzing actual costs and preparing periodic reports

- study competitors' prices and opportunities for rebates and discounts

- Preparing monthly production variance report: MPPV, MUV, LRV, LEV, V-OHV, F-OHV on a weekly & monthly basis

- Review, report, and provide commentary/analysis of costs against prior periods, plan, and the latest forecast

- Make estimates of new products costs & it’s pricing studies

- Manage Day to day operation of the existing cost accounting functions

- Prepare quarter & annual financial statements notes for inventory, cogs & fixed assets

- Assist in preparation for annual audits including interacting with external auditors and examiners

Inventory Controlling

- Work with the inventory control team to monitor, track and improve the inventory count (cycle count) process and inventory accuracy

- Proactively review inventory transactions throughout the month to identify and troubleshoot unusual transactions and variances before the month-end close

- Review material prices and the change trends for all stock items

- Prepare aging & slow moving reports and their related studies for maximum benefit and utility for these materials

-Conduct studies for inventory coverage days and update them on a regular basis

- Monitoring production reports and ensuring that all production entries are recorded in the right way
- Review all posted expenses and their cost center and make sure that all expenses are recorded in the right way
- Conduct estimates for new and proposed products
- Analyzing actual manufacturing costs and preparing periodic reports
- Maintain & update Standard cost estimates on a monthly basis
- Monthly reconciliation of FG & WIP & COGS

- Preparing monthly production variance report: MPPV, MUV, LRV, LEV, V-OHV, F-OHV & wastage report on a weekly & monthly basis
- responsible for monthly reviewing budget and achievement progress reports and recommendations for budget revision needs
- responsible for conducting meetings with other departments for preparing templates for budget creating
- preparing contribution margin reports for all products

- Monitoring production Reports & recorded entries on the ERP system
- Review all posted expenses and their cost center and make sure that
all expenses are Posted in the right way.
- Run Standard cost on ERP system
- help in month-end closing for costing and Finance Department

- ensure the accuracy of all stock accounts & responsible for stock counting procedures

- Attend quarterly and yearly stock-taking community and be responsible for the stock count reports