Mohammed Shahid

1) Basic accounting works – Tally ERP 9 – Accounting of 10 entities (HO & Branches).

a) Passing entries for Sales.

b) Vouching of source documents and passing entries.

c) Passing entries for bank transactions, cash transactions.

d) Passing entries for payroll expenses and entry for payroll expense recognition toward advance recovery from employees.

e) Passing entries for Utility expenses.

f) Passing entries for other transaction i.e., capital items.

g) Allocation of common expenses to each branch based on the relevant ratio.

h) Bank reconciliation.

i) Trade payable reconciliation

j) Trade receivable reconciliation.

k) Passing entries for monthly closing entries i.e., Depreciation, Provisions, VAT setoff, Prepaid expenses, unearned revenue etc.

l) Intercompany entry and reconciliation.

m) Closing of books of accounts of all the entities and making ready for audit.

2) Financial reporting.

a) Preparation of Financial statement (Balance sheet, Profit and Loss, Cash flow statement and Notes to accounts).

b) Practical experience in application of IFRS 16 Leases, IFRS 3 Business combinations, IAS 39, IFRS 9 and IFRS7 Financial Instruments, IAS 19 Employee benefits.

c) Forecasted cash flow statement.

3) Costing.

a) Minimum price calculation using Relevant cost.

b) Application of Operating costing method in entertainment and education sector.

c) Calculation of BEP sales.

4) Financial Management.

a) Net present value calculation to take investment decision.

b) IRR Calculation of various alternative investment.

5) Taxation.

a) VAT registration.

b) VAT return working preparation and return filing.

6) Payments related works.

a) Payment to vendors based on the terms of payments.

b) WPS payroll processing.

c) Cash flow management.

d) Cheque preparation.

e) Utility payments.

7) Other activities

a) Maintaining a good relationship with other departments.

b) Communicating to bank representative on various bank related activities.

c) Filling up bank forms and credit application.

d) Following up with bank for quick resolution.

e) Documenting source documents like Invoices, agreement, and Purchase order etc.

f) Knowledge gaining and sharing with colleagues.

1) Internal audit

a) Tested assertions to ensure that financial statements are true and fair.

i) Transactions and events.

ii) Account balances.

iii) Disclosure.

2) Statutory bank branch audit

a) Document verification based on type of advance.

b) Checked whether assets are properly classified into Performing and nonperforming.

c) Verified whether proper provision has been created with respect to NPA.

d) Verified whether cash basis accounting has been followed for NPA.

3) Project Report for Finance needy entities.

a) Prepared a writeup that describes: -

i) Basic profile of entity.

ii) Current demand of the goods or service.

iii) Preference of customers.

iv) Expected future business

v) Any Govt policy which will have positive impact on the profitability of entities. Etc...

b) Projected Financials which include Balance sheet, P&L and Cash Flow statement.

c) Ratios like Debt Service Coverage Ratio and Debt to Equity Ratio.