Chief Accountant - LC Waikiki

I. DOCUMENTS ACCRUAL PROCESS



. To complete all transaction entries of fiscal documents (Goods Invoices, Service Invoices, Credit Notes, Expense Sheets, Bank Statemens, Official Declarations) in line with accounting principles and fiscal legislations,

. To make sure all of the official papers and payment requests have necessary explanations and approved documents. Without approval of authorized personnel any documents or requests for payment must not be paid or accepted,

. To obtain due dates of all goods and service purchase invoices together with wholesale invoices and record them into related accounts correctly,

. To add import costs onto the stocks and determine final unit cost, as per accounting rules and regulations,

. Transfer all the purchasing, sales and sales return transactions in to the accounting program. In order to ensure that, inventory in the accounting program is consistent with the stock amount in the stock program,

. Reconcile ending inventory amounts in both accounting and stock programs at the end of each month. Investigate the reasons of discrepancies and inform Head Office Finance Dept. when necessary,

. To prepare and provide all formal declarations to the legal authorities and management without suspect, on time and free of error,

. To print statutory books on time. After official declarations closing the system to prevent entries for previous periods,

. To record stores’ daily cash reports and advance declarations on the dailiy basis. Previous month’s cash balances of the stores must be reported latest 15th day of every month. Reconciliations of the stores managers’ work advances must be done and reports should be issued monthly,



. To make and follow all necessary applications to the public authorities and commercial organizations regarding new store openings,

. To deliver and receive necessary documents to the bank,

. To follow and control invoices which are sent by Shopping Mall Management regarding routine payments such as rent and general expenses,

. To complete customs formalities which are requested by Retail Operations Supervisor,



II. PAYMENT PROCESS



. To prepare payment lists of for the goods and services invoices and making payments on time after getting necessary approvals which are defined in the company procedure named as ‘Delivering Official Documents To Finance and Payment Procedure’

. In order to prevent multiple payments, reconciliations must be done with suppliers quarterly. In addition to this, all payments made via cash, bank and cheques must be entered to the relevant accounts on the daily basis,

. To enter all petty cash payments and bank operations daily,

. To monitor if the stores’ cash operations are made under company’s procedures or not. If there is a necessity of a new rule, Retail Operations Supervisor and Head Office Finance Dept. must be informed in the porcess of announcing and implementing new procedures or directions,

. To provide necessary daily cash in the petty cash fund.



III. REPORTING PROCESS



. After carefully controlling and evaluating the accounts and Receiving approval of Financial Consultants, presenting Balance Sheets and Income Statements to the management and official authorities without any legal risk and mistake, within the last week of every month.



IV. AUDIT PROCESSES



. To apply audits on the stores’ cash operations in order to maintain a safe and up to date system. Assisting upper management to establish control mechanisms and detect possible weaknesses in cash operations of the stores.

. To plan and control stock and inventory counting process in cooperation with Retail Operations Supervisor. To assure stock and inventory counting is done accurately at least 2 times in a year,

. To control all accounts and General Ledger every 30 days,

. To follow new legal regulations and put them into practice.

Job Details

Date Posted:	2014-04-22
Job Location:	Baghdad, Iraq
Job Role:	Accounting/Banking/Finance
Company Industry:	Accounting/Auditing

Preferred Candidate

Career Level:	Management
Gender:	Male
Nationality:	Iraq

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Date Posted: April 22, 2014 at 09:58AM

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Chief Accountant - LC Waikiki