CMA Mohammad Akbar

Experience

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  Hari & Vasu Chartered Accountant,

  Mar 2009 - Feb 2013

  CA Articleship

  Conducted Statutory Audit, Internal Audit and Tax Audit of Companies, Bank & Firms.⁍ Handled of Income Tax matters of Companies, Firms, HUFs, and individuals.⁍ Handled Indirect Tax Matters of Companies, Firms, and individuals.⁍ Handled End to end of accounting that is specific to AP, AR & GL. Extensive experience in month close activities in GL.⁍ Revenue recognition, Variance analysis (month on month budget to actual) Finalization of accounts - P/L account, Balance sheet & cash flow statement etc. ⁍ Conducting verification of and fair view of the financial position of the company. Show less

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  CA Chethan k Chartered Accountants

  Mar 2013 - Sept 2014

  Audit Supervisor
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  Mohammed Ghouse & Associates Chartered Accountants

  Sept 2014 - Feb 2016

  Audit Manager
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  OneIndia BSC

  Mar 2016 - Jun 2020

  Deputy Manager Costing Record to report (R2R)

  • Checking of Settlement Rules for PM orders - Incorrect CC used, New Material & cost center inserted.• Check the Settlement rules for PP / CORO orders & the resources used in PP orders.• Checking of cyclic transfer of clinker in between two plants. Checking Activity Confirmations for all PP orders.• Reviewing and closing BOMs, PP orders, PM order settlements, and updating activity rates.• Extracting MB51 to identify any usage of restricted movement types in valuated material codes specifically bulk & bagged cement codes & coordinating with the respective unit department to reverse the transactions where restricted movement types are used.• Review of Abnormal Expenses like Coal Incentives and Employee benefits Provision entry etc.• Preparation of abnormal, shutdown & slow-moving spare parts provision entries. Show less

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  Holcim Global Hub Business Services

  Jun 2020 - Sept 2022

  Manager Costing Record to report (R2R)

  • Ensuring and performing the period end closing of IFRS & IndAs books as per SLA with Accuracy & Timeliness.• Maintaining and updating production order activity rates for accurate cost calculation, assisting in testing and validating new scenarios for smooth implementation & realization of productivity with automation and simplification.• Closing of MM period after ensuring the correct closure of PP orders for all the unit.• Maintenance and review of Statistical Key Figures for Assessment & Distribution of Overheads among various cost centers of the cement manufacturing plant & analyzing of inventory valuation report for cost of production of clinker & cement.• Preparation, monitoring, and analysis of Cost of production Report, Income Statement & other reports.• Performed budget management tasks such as monitoring company performance against estimates and preparing annual budgets.• Lead the budget management department into the preparation and management of financial planning and analysis activities.• Encouraged collaboration between budget management teams and executive leadership to develop financial plans to support company strategic initiatives. Show less

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  Adani Enterprises Limited

  Sept 2022 - now

  Manager Costing Record to report (R2R)

  • Month-end closing activities for IFRS and IndAs books, including inventory valuation. Reviewing of trial balances to ensure that the entries in a company's bookkeeping system are mathematically correct. Established and maintained standard costs for materials, labor, and overheads, monitored actual costs against standard costs, and analyzed variances. Inventory valuation and management were crucial for determining cost drivers and cost-saving opportunities.• Oversaw the accurate recording and reporting of costs related to manufacturing, production, and operations. Analyzed data, aligned costing methodologies, and supported strategic initiatives. Managed the cost accounting system, conducted cost analysis, standard costing, inventory valuation, product costing, cost process improvement, cost reporting, compliance and audit support, and cross functional collaboration.• Quarterly & Yearly audit with Accuracy & Timeliness: Preparation of quarterly cost OAR (Operational Audit Report) & variance report for statutory audit. Preparation of yearly cost audit report as per the companies act 2013. Preparation of yearly quantity information for various reports of raw materials & finished goods for tax audit & supporting corporate & plant team to close the books & audit on time.• Financials & Process Improvement: Suggesting the possible opportunities for improvements and support Operating company for UAT in new BA mappings & new company creation in Costing process as and when required. Absorption of new scope through process simplification and automation. Show less