Khalid Iqbal Email & Phone Number

Islamabad, Pk

Islamabad, Pakistan

Dawars Associates:With over 15 years of expertise in audit, tax, and accounting, Dawars Associates has been a trusted name in delivering customized financial solutions. Our proficiency in Oracle JDE, GL Inquiry, and Xero, Odoo, QuickBooks enables us to handle complex financial landscapes with ease.Now expanding globally, we offer international clients a comprehensive suite of bookkeeping, accounting, and finance services designed to enhance operational efficiency and compliance. Our commitment is to simplify your financial processes, allowing you to focus on growing your business while we handle your numbers.Services:Full-cycle Bookkeeping & Financial ReportingAccounting System Implementation & Support (Oracle JDE, QuickBooks)Tax Planning & ComplianceCFO Services for SMEsFinancial Analysis & ForecastingLet’s connect to elevate your financial strategy globally!Locally we provide Income & Sales Tax prepration services, Income Tax and sales tax litigation services, Bookkeeping accounting Services.

Islamabad, Pakistan

Islamabad, Pakistan

Company Profile: Startup fintech Organization working in the area of automating IFRS and Audit processes.Key achievements:Managed to Automate Financial Instrument IFRS 7 & Related Party IAS 24 Via detailed analysis of 80 financial Statements as per KPMG SISF 2018, 2019.Configured and trained 300 Rules on Ai-Xprt system which was capturing IFRS 7 Relevant disclosure.My primary responsibilities included the following:- Managing Teams of Data Analysts and Guiding them on financial analysis, IFRS, and system configuration and Training wherever required.- Coordination with Client on project requirements and resolution of queries with client against the relevant IFRS / Requirement and updating Executive Management on it.- Coordinating with software Engineers for new development and reporting Bugs and Tasks on Jira system.

Islamabad

Achievements:Managed the statutory/tax audits with no qualifications or tax issues for all years under tenureLed implementation and assessment of internal controls as necessitated by the CSA methodology;Successfully managed the Corporate internal audit & review project on major business processes with overall satisfactory rating for the countryMet OTC application target of $4 million every month Managed $20.8 million funds repatriation against permanent import of assets & inventory through correspondence with state bank of PakistanManaged 7% EBITDA for Reservoir Services over a period of two years which was previously negative through Cost/benefit & variance analysisAssisted in achieving cost reduction targets by 20% on a year on year basis for RS.Won Award for the Quality Reconciliation 2015 for Weatherford PakistanGot appreciation Award from regional director on efficiency and timely completion of audits each timeAchieved accuracy in business unit forecast and budget by working closely with operations manager and sales & marketingSuccessfully managed intercompany including e.g. resolution of Old mismatches, paying & clearing of 6 years old outstanding invoices, & managing month end processes Primary responsibilitiesFinancial Reporting, Budgeting, Forecasting, Taxation and Financial Advisory of 3 product lines ALS, Labs, & RS Group.Prepare Balance Sheet and its reconciliation on monthly basis and Review with Country Controller for corrective actions. Responsible for Controller Report and Commentary on monthly and quarterly basis.External & Internal Audit coordination and compilation of schedules and work papers, Conducting Quarterly Internal Audit through CSA methodologyDifferent Financial Reports for Country and Regional Management.Responsible for complete function of Inter company (Pakistan)Responsible for financial supervision of Fixed assets and inventory functionResponsible for OTC Cash Application function in Pakistan

Islamabad

Key achievements:- Implementation and monitoring of a system of controls, procedures, and forms for fixed assets.- Successfully managed Fixed assets and inventory Corporate, Regional internal & External Audits- Improve fixed assets & inventory turnover by Reducing the fixed assets and inventory level by $6million- Managed 6000 assets their tagging, PL identification, verification & allocation to relevant product lines- Managed capitalization of CIP of 3million from AFE / Pos till addition into Fixed assets register- Decreased Insurance cost of fixed assets by 50% over 6years via Risk factors analysis & negotiating with banks on rates.- Managed to identify loopholes in fixed assets internal controls and saved $200,000 assets on adhoc assignment of internal audit.- Automated all fixed assets Excel HFM reporting by Excel Macros which reduced reporting time from 3 days to 1 day- Highlighted Underutilized fixed assets via utilization report and managed to send them back to desired locationsMy primary responsibilities included the following:- Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.- Reconcile the balance in the fixed asset & Inventory subsidiary ledger to the summary-level account in the general ledger.- Verify and analyze depreciation for all fixed assets.- Review and update the detailed schedule of fixed assets & Inventory and accumulated depreciation.- Conduct analyses related to fixed assets & Inventory as requested by management.- Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.- Track Review company expenditures for fixed assets in comparison to the capital budget and AFEs.

Islamabad

- Recording and Processing Invoices of all Product Lines in line with global accounts payable policy of the company.- AP Accruals preparations in line with cost trends and accounting policy - review and clearing of AP ageing and old balances- Identifying opportunities of cost savings in overheads including facilities costs

Pakistan

Being Audit Senior I was sent to various audit assignments for execution of various audit steps on various specialized areas. I was responsible for conducting quality assessment audits, performing reviews of team members and supervision of their work.

Islamabad

Taught financial accounting with all major minor topics build students for professional studies and career enhanced their communication skills and also prepared them as good citizen.

Islamabad

I was working in coordination with Manager for the smooth running of regional office of JCM Islamabad.

Acca, Finance, Accounting & Auditing

Accounting, Finance & Audit

Bsc Owners In Applied Accounting, Accounting And Finance, B

Certified Accounting Technician, Accounting & Finance

Finance, Audit & Tax