Mohammad Farhan

Senior Accountant

Gulf Catering Food Factory

Riyadh, Saudi Arabia

02.2014 - Current

Reviewed and analyzed financial statements to identify potential discrepancies.
Maintained detailed records of account transactions, including invoices, payments, and journal entries.
Assisted in developing budgeting processes and forecasting future revenue and expenses.
Prepared monthly financial reports for management review.
Monitored accounts payable activity to ensure accuracy and timeliness of payment processing.
Analyzed general ledger accounts for accuracy and completeness on a regular basis.
Provided support to internal and external auditors during the annual audit process.
Developed strategies to improve accounting systems and processes.
Ensured compliance with all applicable laws, regulations, policies, procedures, and standards of generally accepted accounting principles.
Reconciled bank statements to general ledgers on a monthly basis.
Coordinated with other departments on various accounting activities such as month-end close process or budget preparation.
Performed monthly reconciliation of fixed asset register to the general ledger accounts.
Prepared audit schedules for review by external auditors.
Monitored depreciation calculations and updated book values for all fixed assets.
Assisted in the preparation of financial statements related to fixed assets.
Conducted physical inventory counts of fixed assets on a periodic basis.
Ensured accurate accounting records were maintained for all capital projects.
Reconciled differences between actual and recorded costs of newly acquired assets.
Identified opportunities to improve existing processes related to fixed asset management.
Reviewed supporting documentation related to capital expenditures prior to booking into the general ledger.
Coordinated with other departments when needed regarding acquisition, disposal or transfer of any fixed asset.
Reported on changes in balance sheet accounts associated with tangible and intangible assets.
Managed insurance policies covering company's owned property, plant and equipment.
Maintained up-to-date information about location and condition of each asset within the organization's portfolio.
Prepared monthly, quarterly and annual financial reports for management review.
Performed month-end closing procedures such as journal entries, accruals and account reconciliations.
Assisted in developing policies and procedures to ensure proper internal controls are in place.
Coordinated audits by external auditors; prepared audit schedules and responded to auditor inquiries in a timely manner.
Maintained fixed asset registers; monitored depreciation methods used for tax purposes.
Maintained accounts receivable ledger by verifying and posting receipts.
Analyzed customer payment plans and monitored payments received.
Conducted credit checks on new customers to ensure creditworthiness.
Generated monthly statements for customers with outstanding balances.
Resolved billing disputes and negotiated payment arrangements with delinquent customers.
Processed daily deposits, reconciled cash receipts, and applied payments to customer accounts.
Prepared weekly aging reports of accounts receivables due from customers.
Assisted in the preparation of financial statements related to receivables activity.
Managed collections process for overdue invoices by contacting customers via telephone or email.
Reviewed financial records, including income statements and balance sheets, to ensure accuracy.
Developed reports for management detailing account activity, trends and forecasts.
Maintained general ledger accounts by reconciling sub-ledger balances to the general ledger on a monthly basis.
Reconciled intercompany transactions between entities within the group and ensured timely resolution of differences identified in reconciliation process.
Managed fixed assets register ensuring accurate tracking of all additions, disposals, transfers.
Monitored inventory levels of raw materials and finished goods in order to provide accurate information on product costing.
Analyzed actual manufacturing costs and prepared periodic reports comparing standard costs to actual production costs.
Maintained the cost accounting system by recording, classifying, allocating, summarizing and evaluating cost data.
Reconciled balance sheet accounts such as inventory reserves, prepaids, accruals on a monthly basis in order to maintain accurate general ledger postings.

Summary

Overview

Work History

Senior Accountant

Education

Bachelor of Commerce - Finance Accounting

Skills

Languages

Timeline

Senior Accountant

Bachelor of Commerce - Finance Accounting

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