Muhammad Idrees Ahmed, ADAP, AFA

Muhammad idrees ahmed, adap, afa

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location of Muhammad Idrees Ahmed, ADAP, AFARiyadh, Saudi Arabia
Followers of Muhammad Idrees Ahmed, ADAP, AFA408 followers
  • Timeline

  • About me

    Deputy Manager - Tax & Distribution Accounting at Arabio with financial expertise

  • Education

    • The institute of certified public accountants of pakistan (icpap)

      2024 - 2025
      Cpa
    • Acca

      2023 - 2026
      Accounting and finance

       Business and Technology (BT) Management Accounting (MA) Financial Accounting (FA) Corporate and Business Law (LW) Financial Reporting (FR)

    • University of the punjab

      2007 - 2009
      B.com business/commerce, general
  • Experience

    • Alkhalidah agricultural co. ltd

      May 2013 - Mar 2017
      Staff accountant

      • Inter-company (related parties) reconciliation, year-end closing, currency translation adjustments and External audit assistance• Booking Invoices, accounts payable reconciliations and liability sheet preparation. • Supervise the O&M contract costs and booking costs Including Payment Terms.• Payroll related matters, employee’s Advances/Loan account reconciliation.• Handling operational costs, clearance of office petty cash and advance payment clearance. • Set and Maintain Accounting system and Reporting on BaaN (Infor) ERP.• MIS Reporting, and Maintain the Weekly & Monthly Accounts Reports, semiannually & Annual. • Financial Statements preparation, Budgeting & Forecasting. Show less

    • Al haya medical company

      Mar 2017 - Aug 2019
      Financial analyst

      • Create monthly expense reports/ P&Ls and provide variance analysis for management review• Review monthly expenses to ensure that expenses are booked correctly and work with the accounting team to make any necessary reclassification.• Suppliers statement reconciliations.• Develop annual budgets, quarterly forecasts and enter the numbers into company’s planning system• Responsible for consolidating financials, headcount reporting, and compensation analysis• Work on ad-hoc projects/analyzes.• Track financial status by monitoring variances from plan.• Determine financial status by comparing and analyzing plans and forecasts with actual results• Improve financial status by analyzing results and variances; identifying trends; recommending actions• Reconcile sales transactions by comparing and correcting data.• Provide information to management by assembling and summarizing data; preparing reports; making presentations of findings, analyzes, and recommendations• Researching and analyzing industries, companies, historical financial statements and projecting financial information• Assisting in the management and execution of due diligence process Show less

    • Riyadh pharma

      Sept 2019 - Nov 2021

      • Improved operational efficiency and cultivated cost reduction and increased productivity.• Identified budget variances and recommended corrective actions, avoiding overruns and maintaining positive cash position.• 3 statement financial Modeling (IS, BS, CF).• Monitored organization's performance against competitors.• Identified and monitored budget expenses for accuracy and signs of fraud.• Analyzed revenues, costs and expenses for operating construction projects.• Identified risks associated with projects, contract approvals and other client accounting issues.• Produced business performance reporting packages.• Reviewed and analyzed project spending throughout project life cycle.• Improved financial status by analyzing results, monitoring variances and recommending actions.• Reviewed financial reports and streamlined operations to increase productivity and company profits.• Interacted with contractors, subcontractors and suppliers to guide cost analysis process by establishing and enforcing policies and procedures.• Related-party reconciliation and disclosures. • Construct and update periodic reports, statements, and financial analyses.• Coordinate with and provide information to auditors and compliance bodies.• Assist in financial modeling and forecasting.• Prepare and manage monthly reports to submit it to financial management. • Prepare and maintain report templates for more advanced reports, supervise all enhancement and development requests.• Collaborate with senior management and provide update on financial reports, progress and modifications.• Assist department management to manage database and perform quarterly and yearly audits.• Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements. Show less

      • Senior Financial Analyst

        Sept 2020 - Nov 2021
      • Financial Analyst

        Sept 2019 - Sept 2020
    • Arabio - arab company for pharmaceutical products

      Nov 2021 - now

      • Ensure timely and accurate preparation and submission of indirect tax returns and ZAKAT, including VAT/WHT and other relevant taxes.• Monitor changes in tax laws and regulations to ensure ongoing compliance.• Develop and implement tax-efficient strategies to minimize the organization's indirect tax liabilities.• Collaborate with internal stakeholders to identify opportunities for tax optimization within business operations.• Conduct regular reviews and assessments of indirect tax processes to identify and mitigate potential risks.• Collaborate with finance, legal, and other departments to ensure alignment on business transactions and strategies from an indirect tax perspective.• Prepare and review tax provisions related to indirect taxes/ZAKAT for financial reporting purposes.• Coordinate and manage indirect tax / ZAKAT reassessment audits by tax authorities. Show less • Manage and supervise all aspects of distribution accounting, including budgeting, forecasting, and financial reporting.• Monitor and analyze financial performance, providing insights and recommendations to improve efficiency and reduce costs.• Prepare and present accurate and timely financial reports to senior management.• Provide analysis and commentary on financial results.• Implement and maintain strong internal controls to safeguard company assets and ensure the integrity of financial information.• Collaborate with internal and external auditors to facilitate audits and address any findings.• Collaborate with procurement and logistics teams to manage vendor relationships and contracts. Show less

      • Deputy Manager - Tax & Distribution Accounting

        Mar 2022 - now
      • Deputy Manager - Distribution Accounting

        Nov 2021 - now
  • Licenses & Certifications

    • Socpa (associate member)

      Saudi organization for chartered and professional accountants
    • Advance diploma in public accounting

      Institute of certified public accountant, pakistan
      Sept 2024
    • Aipa

      Institute of public accountants
      Mar 2022