Francis Abdul CA (SA)

Experience

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  PKF South Africa

  Jan 1999 - Dec 1999

  Article Clerk (First Year)

  First Year Articles

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  Nelson Mandela Metropolitan Technikon

  Jan 2000 - Dec 2001

  Part-Time Lecturer

  Accounting 2&3 and Corporate Governance BTech lecturer

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  PwC South Africa

  Jan 2000 - Nov 2003

  Part of the CIPS IFRS panel, duties include:• Review of IFRS GAP analysis• Discussions surrounding latest IFRS/IAS statements and the impact on the CIPS environment• Involved with technical training and roll-out of IFRS/IAS within CIPS• Developing practice aids surrounding IFRS/IASPart of SAICA ISB panel• Discussion surrounding implementation of GAMAP and GRAP exposure drafts• Drafting opinions to SAICA in terms of these exposure draftsPart of the CIPS 5 technical group• Reporting to IFRS partner of CIPS 5Report back to partners/managers meetings on a monthly basis Show less • Initiating, execution and completion of audit assignments• Budgeting process of audit/accounting assignments• Monitoring actual performance against budgets set• Review and monitor junior staff• Train/Coach junior staff on assignments• Give feedback to junior staff on performance (performance feedback)• Involved in the Employment Equity of the company and serve on the national Employment Equity panel (EE coordinator) – No longer involved.• Report directly to partner on assignments (audit/accounting)• CIPS IFRS panelInvolved with training courses presented for CIPS (IFRS roll-out, assessor training, PFMA training) Show less

  • Assistant Manager

    Jan 2002 - Nov 2003

  • Article Clerk (Second and Third Year)

    Jan 2000 - Dec 2001
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  PwC UK

  Dec 2003 - Mar 2004

  Manager

  Part of the CIPS IFRS panel, duties include:• Review of IFRS GAP analysis• Discussions surrounding latest IFRS/IAS statements and the impact on the CIPS environment• Involved with technical training and roll-out of IFRS/IAS within CIPS• Developing practice aids surrounding IFRS/IASPart of SAICA ISB panel• Discussion surrounding implementation of GAMAP and GRAP exposure drafts• Drafting opinions to SAICA in terms of these exposure draftsPart of the CIPS 5 technical group• Reporting to IFRS partner of CIPS 5Report back to partners/managers meetings on a monthly basis Show less

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  PwC South Africa

  Apr 2004 - Mar 2006

  Senior Manager

  Part of the CIPS IFRS panel, duties include:• Review of IFRS GAP analysis• Discussions surrounding latest IFRS/IAS statements and the impact on the CIPS environment• Involved with technical training and roll-out of IFRS/IAS within CIPS• Developing practice aids surrounding IFRS/IASPart of SAICA ISB panel• Discussion surrounding implementation of GAMAP and GRAP exposure drafts• Drafting opinions to SAICA in terms of these exposure draftsPart of the CIPS 5 technical group• Reporting to IFRS partner of CIPS 5Report back to partners/managers meetings on a monthly basis Show less

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  UTi Worldwide

  Apr 2006 - Oct 2016

  • Managing the preparation of financial statements for all UTi legal entities globally (132 entities)• Coordination of the preparation of financial statements by IFRS CoE (Centre of Excellence)• Liaison with group auditors in respect of the audit and sign-off of financial statements• Lead the COE with maintenance and update to IFRS Group Accounting Manual• Manage the drafting, finalising, updating and implementation of UTi Global IFRS Accounting Policies• Manage the drafting, finalising, updating and implementation of UTi Global IFRS Model AFS (including local IFRS statutory model AFS)• Manage the IFRS local statutory conversion including technical IFRS analysis and monitoring outputs from IFRS service provider• Manage the IFRS convergence strategy planning and implementation thereof• Manage IFRS and US GAAP entries in conjunction with UTi Financial Shared Services• Review of local statutory Annual Financial Statements (before and after IFRS convergence)• Implementation and roll-out for all new IFRS and US GAAP pronouncements and accounting standards into processes and ERP system• Manage US GAAP IFRS Convergence announcements and implementation thereof• Attend SAICA meetings with IFRS Project Director and draft comment letters (relating to the Logistics Industry) to SAICA of new exposure drafts• Manage the maintenance, finalisation and implementation of IFRS CoA (including US GAAP CoA). Monitoring and maintain differences between IFRS and US GAAP CoA (Chart of Accounts)• Manage the maintenance and updating of complex project trackers• Manage update training on changes in IFRS to the relevant staff in global Shared Service Centre’s. Show less Sun Couriers (specific)• Debtors control and Improvement• Accounting System Management and Improvement• Vendor Management and Improvement• Revenue Management• Contract Management and Improvement• Cell Captive Management and Improvement• Key Individual (FAIS) (FSB) for the company• Billing System ManagementManaging Human Resources• Communicate Key business priorities to all reporting staff and Business Unit Financial Directors/Managers• Implement Performance Agreements with reporting staff• Set dates and conduct Review Discussions with all reporting staff• Agree and implement reporting staff’s Development Plans• Assist with and/or establish and implement a manpower and succession plan for the Divisions financial area• Monitor normal salary reviews and incentive structures for the department• Assist with planning and implementation of BBBEE plansEstablishing Internal and External Communication Processes• Maintain effective working relationships with Business Unit FM’s and other key staff• Hold discussions on all appropriate matters with Business Unit FD’s/FM’s• Liaise externally and internally with auditors, bankers and attorneys and other professionals where necessaryManagement of Assets and Control Systems• Ensure risk assessments are carried out for the Division in conjunction with the Risk Control Department and provide recommendations• Formulate policies and standards in support of group strategies for asset management and monitor adherence thereto• Together with Business Unit FM’s, monitor Division asset level performance targets and report to ExcoPreparing Budgets and Forecasts• Plan and co-ordinate standard procedures and guidelines for the preparation of the financial budget• Ensure budget packs with guidelines and timetables for budget requirements are prepared and issued• In conjunction with Executive Management review the BU’s budget. Show less Managing Human Resources• Communicate Key business priorities to all reporting staff and Business Unit Financial Directors/Managers• Implement Performance Agreements with reporting staff• Set dates and conduct Review Discussions with all reporting staff• Agree and implement reporting staff’s Development Plans• Assist with and/or establish and implement a manpower and succession plan for the Divisions financial area• Monitor normal salary reviews and incentive structures for the department• Assist with planning and implementation of BBBEE plansEstablishing Internal and External Communication Processes• Maintain effective working relationships with Business Unit FM’s and other key staff• Hold discussions on all appropriate matters with Business Unit FD’s/FM’s• Liaise externally and internally with auditors, bankers and attorneys and other professionals where necessaryManagement of Assets and Control Systems• Ensure risk assessments are carried out for the Division in conjunction with the Risk Control Department and provide recommendations• Formulate policies and standards in support of group strategies for asset management and monitor adherence thereto• Together with Business Unit FM’s, monitor Division asset level performance targets and report to ExcoPreparing Budgets and Forecasts• Plan and co-ordinate standard procedures and guidelines for the preparation of the financial budget• Ensure budget packs with guidelines and timetables for budget requirements are prepared and issued• In conjunction with Executive Management review the BU’s budget• Co-ordinate completion of the BU’s Budgets within the deadline for presentation to review committee if called upon• Provide appropriate input to annual business plans and ensure required forecasts are timeous and meaningfulPreparing and Reviewing Reporting Packs and Tax Packs• Ensure consistent accounting standards are applied within the Division in adherence with Show less

  • Global Director: IFRS Convergence

    Jun 2010 - Oct 2016

  • Divisional Finance Director

    Dec 2008 - Jun 2010

  • General Manager: Finance

    Apr 2006 - Dec 2008
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  Strategic Accounting Solutions

  Nov 2016 - Dec 2019

  Chief Executive Officer

  We are the leading virtual financial office in the SMME Market including medium sized entities. Services include: financial shared service centre (FSSC), virtual financial director (VFD), industry specific solutions, tax and advisory services including an online real-time accounting system with security features that mimics the banks. We position ourselves as a pro-active information provider for SMME’s.

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  Barloworld Logistics

  Apr 2019 - Dec 2019

  Financial Director SCM and Global Solutions (FF)

  Financial Analysis and Reporting • Ensure effective and accurate financial information is readily available to be used by BU• Oversee monthly consolidation of management accounts• Review and submit monthly BU report and QPE (Quick profit estimates) for the Business Unit per reporting requirements• Review and submit monthly actuals• Perform and review contract profitability analysisCash Consolidation • Ensure effective and efficient cash management in line with Barloworld Logistics strategy for BUManagement of Balance Sheet, Budgeting and Forecasting • Ensure balance sheet management by BU, ie: Capex, working capital, funding levels to meet hurdle rate • Oversee the compilation of quarterly and annual financial budgets and 5 year strategic plan for the Business Unit • Provide strategic guidance and inputs to BU management team in compiling budgets and 5 year strategic plan Internal Processes and Systems • Monitor capex process to ensure all capex are adequately approved• Initiating, conducting and monitoring ongoing business performance/improvement, operational excellence projects and interventions in line with contract profitability analysisCorporate Governance, Compliance and Audits • Ensuring compliance with all relevant laws and reporting regulations• Assume responsibility for the effective management of internal and external audits of the Business Unit, Effective Management of audit and review findings, and ensure these are cleared with the appropriate additional internal controls within the agree time frames Show less

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  Blue Label Telecoms

  Jan 2020 - Oct 2022

  Chief Financial Officer: SA Distribution

  Driving the company's financial planningDetermine, implement, monitor, review and evaluate budgetary and accounting strategies, policies and plans in consultation with other managersEvaluates and advises on the impact of long-term planning, introduction of new programs/strategies and regulatory actionProvide financial information and interpreting the implications for business performance and funding needsCo-ordinate the development, implementation and monitoring of accounting and business systems and processesDirect the preparation of financial reports summarizing and forecasting the organisation's financial position such as income statements, balance sheets and analyses of future earnings and incomeAssess capital finance proposals and the financial status of operational projectsAdvise on investment strategies, sources of funds and the distribution of earningsDeliver long range profit forecasts, budgeting and financial reportsEnsure cash flow is appropriate for the organisations operationsManage business information strategy and the development and implementation of business systems to assist with analyticsProvide business insights to difference business units and entities to assist with forecasting and predictive decision making Show less