Khalid Ghaffar Email & Phone Number

Karachi, Pakistan

Professional services for Audit, Taxation, System Designing & Implementation, SOP preparation

Karachi

Responsibility: • Fund management.• Documentation and paper work for short-term & long term loans. • Verbal & written communication with 27 Banks / Lenders.• Preparation of projected accounts.• Preparation of monthly cash flows.• Supervising Accounts Receivables’ Reconciliation, Ageing and Recovery

Karachi

Responsibility: • Preparation of cash flows and departmental budgets based on inputs from Production, Marketing and Inventories departments.• Critical review of results by comparing actual expenses with budget and analyzing reasons for deviations.• Evaluation of capital expenditure proposal for onward submission to Chief Executive for approval.• Reviewing of reconciliation of stores, spares, chemical & cotton inventories.• Verifying all disbursement documents before payment (except mill cash & payroll).• Critically reviewing the Procurement Department’s reports regarding its compliance to Material Procurement Policy.Achievements:• I started with developing and implementing the computerized processing system in the Disbursement Department and achieved the target successfully. This also included development and implementation of internal controls for achievement of Company’s objectives in operational effectiveness and efficiency.• Key task achieved was developing, documenting and implementing a new standard operating procedure wherein inventory receipt data is electronically transferred from Central Store to Account department’s Oracle system. • Introduced PC based planning and budget system.

Karachi

Responsibility: • Solely managing & leading the Accounts & Finance and Administration Department.• Monthly and annual accounts report.• Preparation of projected accounts including cash flow.• Determining the Company’s working capital and other fund requirement and exploring, evaluating and recommending optimal funding options.• Closely coordinating with Banks and Leasing Companies for enhancement in credit limits, new financing and negotiating for reduction in pricing.• Dealing with Income Tax and Sales Tax departments in the matters of assessment of income tax and finalization of sales tax audit cases.• Coordinating with external auditors for finalizing the statutory audit of the Company accounts.• Creditors and cash management.• Reporting to banks and insurance company.Achievements: • Developed and implemented month wise financial results.• Successfully negotiated with the income tax authorities for finalizing the pending four years assessment cases.• Prepared a strong case and presented before banks and thus successful in obtaining a new credit facility and getting enhancement in the existing limits of running finance, L/C and Guarantee.

Karachi

Responsibility:• Preparation and filing of Income Tax Returns of Company, Directors and Employees.• Representation before tax authority in the matters of finalization of assessment.• Preparation of detail as per income tax department notices.• Preparation of cash flow and other management reports.Achievements:• Led a team for a preparation of a strong case for presentation before Appellate Tribunal by the Company’s tax attorney for 5 years appeal cases. The decision of the Tribunal decidedly improved the previous adverse tax history of the Company.• In liaison with the tax consultant of the Company, I led in finalizing the pending 3 years assessment case at DCIT level and 2 years appeal case before Appellate Commissioner level.

Karachi

Responsibility: • Working as a senior member in the consultancy Department of the firm.• Preparation of accounting systems and internal audit manual for the clients.• Giving opinions on queries raised by clients on tax and corporate matters.• Assistance in preparation of commentaries on Finance Bill and Budget.

Karachi

During the course of audit training period I supervised and finalized statutory audit of companies in the following sectors: i) Textile ii) Leather iii) Cement iv) Jute v) Beverage vi) InsuranceReview of internal control procedures in operation.Analytical review of financial statements.Advising to the clients on various accounting and related matters and providing them assistance in preparation of financial statements in the light of corporate laws and accounting standards.Checking and preparation of secretarial records such as Minute books, annual returns and other statutory books and records.

Karachi

Preparation of cost report, reporting on wastages and other inventory reports.Inventory reconciliation of raw material and packing material.Reconciliation of stock records with financial ledgers.

Ca Intermediate, Accounting And Related Services

Bachelor Of Commerce - Bcom, Accounting And Business/Management

Hsc Intermediate Commerce, Accounting And Finance

Ssc, Matric, Accounting And Finance