Preparation of Financial Statements
- Compile and review:
- Income Statement (P&L)
- Balance Sheet
- Cash Flow Statement
- Statement of Changes in Equity
- Ensure reports are prepared in accordance with applicable accounting standards (IFRS or GAAP).
Knowledge of Accounting Standards
- Proficient in:
- IFRS (International Financial Reporting Standards) – required in many regions including the UAE.
- Ability to implement new standards and handle changes (e.g., IFRS 15, 16, 9).
Financial Statement Analysis
- Perform and present:
- Trend analysis
- Ratio analysis (liquidity, profitability, solvency)
- Variance analysis (actuals vs budget/forecast)
Budgeting and Forecast Reporting
- Integrate actual results with budgets and forecasts.
- Support strategic planning through rolling forecasts and scenario analysis.
Regulatory and Compliance Reporting
- Prepare reports for:
- Board of Directors
- External auditors
- Regulators (e.g., in the UAE: FTA or government bodies)
- Ensure timely tax filings, audit readiness, and regulatory disclosure.
Use of Financial Reporting Tools
- Skilled in ERP/reporting systems like:
- SAP, Oracle, QuickBooks, NetSuite
- Reporting software: Power BI, Tableau, or Excel (advanced) for dashboards
- Familiar with automation and digitization of reporting processes.
Internal Control and Audit Support
- Implement and monitor financial controls to ensure data integrity.
- Coordinate with auditors and provide reconciliations, working papers, and supporting documents.
Attention to Detail
- Ensure accuracy and completeness of all financial data and disclosures.
- Identify and correct discrepancies or anomalies quickly.
Communication and Presentation Skills
- Present financial data to non-financial stakeholders in clear, concise language.
- Prepare management reports, board packs, and investor presentations.