Kwangu Mashumba Cpa, Cga Email & Phone Number

Toronto, Ontario, Canada

Toronto, Ontario, Canada

• Preparation of financial models for cashflow, profitability and valuations.• Preparation of borrowing base calculations and financial statement rolling models.• Preparation of Bank Reconciliations and cashflow models.• Preparation of production schedules for sales forecasting.• Preparation of financial statements for month, quarter and year end.

Toronto, Canada Area

• Maintain accounting records for multiple company ledgers on an ongoing basis• Performs month-end and year-end reconciliations including bank reconciliations, credit card reconciliations• Preparation of Company journal entries and accruals. •Validating the accuracy and integrity of the data being collected and reported.• Prepare and maintain fixed asset schedules for depreciation, disposals and additions• Accounting entries for Employee Stock Option plans and Warrant Exercises• Calculate and process fees payable to partners and maintain a schedule of payments• Assist with Month End and Year End Financial Reporting including inter-company transactions• Tracking and processing of prepaids including outstanding prepaid balance and prepare entries to realize expenses• Manage, process and remit all Canadian and International Sales Taxes and Duties such as HST, GST and Cannabis Duties• Management and operation of SAP Concur

Zimbabwe

• Managed client accounts, reviewing outstanding account balances and account payment plans. • Performed bank reconciliations and ensured that balance tallied to accounting systems.• Analyzed monthly revenues and expenses, and any identified causes of variance. • Audited vendor invoices, to confirm match with purchase orders, numerical accuracy, discount provision, due date match with company records.• Executed the reconciliation of journal accounts such as accounts receivable and accounts payable.• Managed the investigative process regarding account discrepancies involving the general ledger and subsidiary ledgers resulting to 20% reduction in processing time.• Ensured that month-end transactions had been posted to the correct accounting period.• Reviewed and managed the accuracy of transactions posted to the general ledger.• Prepared month-end close and ensured that they that were completed in a timely manner. • Managed key monthly reports, such as sales, accounts receivable days, expenses.• Monitored performance management, identified key cost drivers, produced monthly variance reports, that analyzed month to month changes.• Used annual cash cycle to identify appropriate period to conserve cash resources and when to take full advantage of discounts for prompt payment. ACHIEVEMENTS• Improved accounts receivable, that resulted in decreasing the receivable days by over 30%.• Detected financial transaction anomalies and prevented financial loss for the firm. Loss prevention of CA$225,000.00.• Verified company transactions, identified bank error, which prevented a loss of CA$17,100.00.• Strategized profitability improvement by undertaking an analysis of company expenses, analysis identified over CA$49,500.00 in annual savings.• Managed to negotiate a 15% reduction on the cost of inputs, which allowed the business to charge better rates hence improving performance.

Post Graduate Diploma In Accounting, Accounting And Finance

Advanced Diploma In Accounting, Accounting

Accountancy(Affiliate Status), Accounting And Business/Management

Education record

Bachelor Of Commerce, Economics, Finance And Finanical Planning

Education record