Muhammad Ahsan

Experience

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  Oil & Gas Development Company Ltd.

  Aug 2013 - Jan 2014

  Internee

  Key Responsibilities:•Processed Accounts Payable cycle to process payments and performed general ledger in a timely and accurate manner. •Maintained an efficient and organized filing system for financial records Act as back up for the payroll and benefit processing.•Performed financial reporting in accordance with International Financial Reporting Standards (IFRSs) and International Accounting standards (IASs).•Prepared variance analysis on quarterly basis for the management.•Followed the Equity Method of Accounting in accordance with IAS 28 for accounting of Company’s associated Company Mari Petroleum Company Limited (MPCL).•Working of amortisation for development and production assets (Company’s Oil and Gas assets). Show less

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  Halai Trading Co. L.L.C

  Aug 2014 - now

  Accountant

  Key Responsibilities: •Provide a full financial accounting service including control over and maintenance of all ledgers in particular General ledger, purchase accounting records and Cash Book.•Oversee completion of all statutory accounts including liaison with the auditors and annual returns. •Record, classify, and summarize financial transactions and events in accordance with accepted local accounting principles and financial reporting standards.•Conduct bank reconciliation on monthly basis and follow up.•Deal with the preparation and submission of VAT returns on a Quarterly basis.•Prepare reports to reflect the period of performances, periodical invoices, and expenditure statements for each contract.•Enter the recorded data in SAP accurately in a timely fashion. •Reconcile vendor statements, investigate, and correct discrepancies.•Pay vendors by scheduling payments within approved payment terms and ensuring payment is received for outstanding credit. •Process all incoming payments via cash and cheque deposits along with electronic bank transfers.•Verify employee expense reports. Prepare payments into banking systems. •Charge expenses to accounts and cost centres by analysing invoice/expense report.•Responsible for extracting and examine the dead stock and sleeping stock report from Erp.•Conduct purchase analysis for each supplier for the number of units purchased and the analysis of the total value of the stock purchase on an interim and yearly basis.•Deal with arranging and analyzing random stock take on monthly basis, also responsible for solving the variance found in random stock take.•Responsible for extracting and examine the customer reports for overdue payments, crossed credit terms, and credit limit from ERP.•Conduct expense, sales, and data analysis and prepare graphical reports for the same. Show less