Javaid F

Accountant

Brampton, Ontario

Pay negotiable

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Accountant in Brampton, Ontario

JAVAID FAROOQUI
112 Aylesbury Drive, Brampton, ON, L7A 0W6, CANADA
Ph. res:647-693-... Cell:416-887-...; e-mail: [email protected]

EDUCATIONAL QUALIFICATIONS
• CMA Overseas
• B..... University Degree Overseas
• CGA Canada enrolled in Level 3
• CMA Canada enrolled in Strategic Leadership Program.

PROFESSIONAL SKILLS
Costing & Inventory
• Cost saving exercises
• Standard, Kaizen, Process, Job Order, Project & ABC costing, Variance analysis
• Inventory valuation, Physical count, Reconciliation & Variance corrections. Bill of Materials
Software
• SAP, ORACLE. Quick Books, Simply Accounting, Visual Account Mate, Streamline, Navision, Business Vision, JD Edwards, SyAcc, Sun system, 4th Shift, Fox pro
• MIS reports, Feasibility studies & R & D cost
• Migration of software’s : From Fox pro to Sun System & from Sun System to 4th Shift
From Simply Accounting to Quick Books
• Established full fledge new costing systems in `Benevito Foods’ and `Delft Blue’
General & Financial Accounting
• Treasury, Budget, Receivables, Payables, Tax, Secretarial jobs, Audit Schedules, Final Accounts, Insurance, Fixed Assets CAPEX, Pension, Payroll, Auditing

WORK EXPERIENCE
General
Costing
• Standard, Kaizen, Process, Job Order, Activity based Costing, variance analysis, Prod. & Sales report, Material price, quantity, mix, yield, labor rate & efficiency, Overhead Spending & Idle Capacity Variances, Analyzing Sales Contract & calculation of Cost vs. Price ratio, profit margin & analysis, Keeping historical record, Updating cost of old products and roll up cost for new products, Supporting Plant people in Budget Process & Calculating overhead absorption rates
Inventory
• Inventory valuation & selection of products for cycle count with co-chair lead role, reconciliations, analyzing & correcting variances between G/L & physical, adjustment for disposal & stock turnover, Helping manufacturing in designing cost control to manage effectively around 100,000 sku’s, Liaising with purchase for material’s receipt schedule & costs, assist in maintaining Bill of Materials
Kaizen Costing (on own initiative)
• Cost saving exercise (resulting in savings of $ 3 million per annum) on:
• Getting increased production from existing presses, re-use of wooden packing boxes & establishment of quality control Unit in vendors premises
Project Costing (on own initiative)
• Feasibility reports on extension of company’s production facilities saving of $ 5 M/annum
Special Assignments (own initiative)
• CAPEX analysis, physical verification, tagging & reporting & Developed chart of accounts for Oracle & 4th Shift GL systems, Shifted Fox pro to Oracle

Fluid Hose & Couplings, Mississauga (Manufacturers of Industrial Hoses & Couplings)
Cost– Aug 2013 to Nov 2013 ( Contract);
Reporting to General Manager Finance (Received appreciation letter from General Manager Finance)
Software: SyAcc
Job responsibilities:
• Establishment of new Labour analysis & Costing system
• Costing of new products, their pricing and maintain record
• Revised calculation of standard costs of historical Finished Goods
• Variance analysis
• Designing job related SOP’s

Solis Mexican Foods, Brantford (Manufacturers of Tortilla, Chips & Pizza Dough)
Plant Accountant– Aug 2012 to Feb 2013 (Permanent); Reporting to Vice President Finance
Software: Business Vision
Job responsibilities:
• Costing of new products and maintaining database of existing products.
• Monthly physical inventory counts and reconciliations at six locations
• Inventory & labor variance analysis and issuing reports
• Fixed assets entries, record maintenance & verification with budget
• CHEP pallets weekly invoices approval and monthly reconciliations
• Designing of job related SOP’s

Alliance Corporation, Mississauga (Manufacturers of Wireless products for Bell, Rogers & Nokia)
Project Cost Accountant– May 2012 to Jul 2012 (Contract)
Reporting to Vice President Finance (Received appreciation letter from Vice President Finance)
Software: Streamline
Project related job responsibilities:
• Budget preparation, Cash Flow projections, Variance analysis, Approval & booking of invoices. Payroll

Delft Blue, Cambridge (Meat producers)
Consultant Costing – Jan 2012 to Mar 2012 (Contract)
Reporting to Controller Finance (Received appreciation letter from Controller Finance)
Software: Visual Account Mate
Costing & Pricing
• Establishment of full fledge standard costing system previously not in existence.

Benevito Foods, Etobicoke (Bakery & Pasta products manufacturers)
Costing & Inventory Accountant - Jul 2007 to Sep 2011 (Permanent)
Reporting to President (Received appreciation letter from President)
Software: Navision
Costing & Pricing
• Costing of products under standard cost approach and maintain historical database in the system
• Price model calculations of new products and maintaining sales volume, value & margin data
• Participation in production & marketing meetings for cost calculation & advising alternative price bases
• Analyzing trend in input costs and judging its impact on profitability
• Profitability calculations on existing contracts and follow up for new pricing on expiring contracts
• Discuss raw & packaging material & Labor with production & Quality for cost structure in database

Inventory
• Punching daily production & inventory
• Reconciliations, analyzing & correcting variances between G/L & physical inventory
• Valuation of inventory & adjustment & stock turnover report
• Selection of products for cycle count & co-chair lead role in physical count verification
• Obsolete / left over material disposal report and inventory adjustments thereof
• Liaising with purchase for better prices, monitoring purchase of high value materials on JIT basis

Government reporting
• Monthly & yearly filing of purchases of dairy products & sales to Canadian Dairy Commission
• Applying & getting registered new products with Canadian Dairy Commission
• Responsible for Canadian Dairy Commission desk / field audit
Achievements
• Establishment of Standard Cost system in Navision Software
• Pioneer in designing & developing formats for raw and packing material consumption, labor utilized, wastage details, job completion reports, and other auxiliary reports
• Monitoring first commercial production run of every new product noting down material used, labor utilized, left over material & other details & comparing results with original planning
Additional help to different accounting segments as under:

Accounts Payable
• Helping in checking vendors bills with PO & GRN, rebates & discount calculations, giving calls, settling discrepancies, attaching documents for check signature, filing invoices after payment, preparing un-paid bills statement with commentary, accrual of bills
Accounts Receivable
• Helping in checking invoices with sales order & delivery note, discount calculations, following unsettled invoices thru calls & internet, depositing checks in bank & follow up for clearance, settling discrepancies, compiling & filing receipt documents, preparing statement of un-paid invoices with reasons for non-receipt, accrual of invoices
Financial Statements
• Helping in finalizing statements by analyzing & providing reasons for the variances, bank reconciliations, Cash Flows, monthly depreciation, acquisition & disposal of assets, budget preparation, Insurance renewal, resolving audit queries
Payroll
• Helping HR by calculating labor hours for payroll, preparing group insurance list

Read Eastern Capital, Markham (Construction business & Grocery store)
Accounting Manager - Jun 2005 to Jun 2007 (Permanent); Reporting to Controller & Chief Executive
Software: Quick books, Simply Accounting
Costing & Inventory
• Costing of Town houses, Food Court & Condominiums & Grocery store items & breakeven calculations.
• Valuation of inventory & reconciliation. Development of inventory controls & purchasing system
General & Financial Accounting
• Accounts Receivable : Raising of invoices & follow up for receivables,
• Accounts Payable : Scrutiny of bills, approval, payment & follow up
• Fixed Assets : Physical verification, tagging & purchase
• Payroll, deductions & filing. Development of standard wage pay rate for employees
• Insurance coverage for assets & rates negotiation with insurance companies
• Cash management & flow forecasts. Developed cash handling procedures.
• Budget development and periodical reviews
• Bank reconciliations, dealing with banks & signatory to checks
• Financial Statements review, variance analysis & presentation.
• Filing of Company’s tax returns
• Helping employees in filing personal tax returns
• Government reporting
• Preparation & filing of GST; PST; Payroll deductions; WSIB; Annual returns
Achievements
• Developed separate costing files for each house, condo, and food court
• Maintained separate record of material used, labor utilized, and expenses incurred for each unit
• Introduced after sale repairs & adjustment costs report to find true costs associated with a unit

American Standard, Mississauga (manufacturers of bathroom fittings)
Costing & Inventory Analyst – Jan 2005 to Jun 2005 (Contract); Reporting to Costing & Inventory Mgr
Software: SAP (FICO Module)
Costing & Inventory
• Assisted costing manager in developing cost of products, inventory adjustments & reconciliations
General & Financial Accounting
• Analysis of freight, duty & brokerage accounts & accruals


Services

Tax returns

Tax returns


Bookkeeping

Bookkeeping


Payroll

Payroll


Accounting system setup

Accounting system setup


Indirect taxes

Indirect taxes


Financial reporting

Financial reporting



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