Wasim Abbas

(ACMA)

Summary & Achievements Work Experience

Having more than 17 years Advanced Science Trading Est

diversified experience in the field Senior Accountant Saudi Arabia
of accounts, costing, budgeting Oct 2023 to date
and Internal Audit. Preparation of Monthly Financial Statements and
analytical review summary for management.
Hands on Planning and
Reviewing the month end and year end accounts closing
Implementation of Costing
activities to ensure all transactions are properly
Management System. recorded.
Reduction in Product Cost by Responsible for day-to-day operations of accounts
continuous monitoring & department i.e billing, payments, receipts, and
reporting in key production areas accounting operations.
Maintained Targeted Yield by Responsible for filling of VAT & WHT returns.
continuous monitoring & Liaison with external auditors of company for annual
reporting audit.
Prepare weekly and monthly cash flow forecast for
Preparation & evaluation of
management.
company annual budget.
Prepare Monthly budget and analysis the budget with
Aging analysis of customers, actual result on monthly basis.
suppliers and inventory. Reconciliation of customers and supplier’s ledger.
Feasibility analysis of the Prepare Aging analysis of customers, suppliers, and
projects to be under taken. inventory.
Established Internal Audit
Department to develop and Sarena Textile Industries (Pvt) Limited
proved its effectiveness by Manager Costing May 2021 to Sep 2023
enhancing Internal Controls. Finalization of monthly Job Order wise Profit & Loss
Hands on experience of using SAP, and critical analysis of the variances between pre and post
ERP, Oracle, Xero, Odoo, AZ Profit & Loss.
Accounting Software and Critical analysis of Fabric Sale Contracts made by the
Advance Excel. Commercial department.
Finalization of Projected Profit & Loss on the basis of
Production Plan and share proposals to reduce cost &
increase profitability.
Finalization & Critically analysis of monthly Factory
Contact Info overhead rate.
Finalizing Monthly Waste Generation and Yield Analysis.
wasimabbas_cma@yahoo.com Prepare Monthly budget and analysis the budget with actual
(+966) 59 728 0727 result on monthly basis.
Prepare different types of feasibility analysis of CAPEX
project.
Monitoring accounts receivable & accounts payable
cycle.
Prepare Aging analysis of customers and suppliers.
 Work Experience
Skills & Proficiencies
Afia Noor Textile Industries (Pvt) Ltd
Accounts Finalization
Manager Costing Mar 2020 to Apr 2021
Financial Reporting Finalization of monthly Job Order wise Profit & Loss and
Job Order Costing critically analysis the variances between pre and post Profit &
Variance Analysis Loss.
Finalization of Bill of Material (BOM) in SHERP and revise on
Yield Analysis
monthly basis.
Planning & Budgeting Finalizing Monthly Stock Valuation and Yield Analysis.
Feasibility Analysis Finalization & Critically analysis of monthly Factory overhead
Cost Control rate.
Aging Analysis Prepare annual budget and analysis the budget with actual
result on monthly basis.
VAT & WHT Return
Prepare weekly and monthly cash flow forecast for
Internal Audit management.
Internal Control Prepare different types of feasibility analysis on the basis of
Evaluation research & development.
Monitoring accounts receivable & accounts payable cycle.
External Audit
Prepare aging analysis of customers, suppliers and stocks.
Prepare different types of Costing analysis i.e Coal Cost, Power
Cost, Piece rates and Efficiency losses due to different types of
Contact Info stoppages etc.
LinkedIn Profile:
https://www.linkedin.com/in/w
asim-abbas-5375b91b/

wasimabbas_cma@yahoo.com
(+966) 59 728 0727
Haji Shiekh Noor Ud Din & Sons (Pvt) Ltd
Manager Costing Nov 2016 to Mar 2020

Samin Textiles Limited (Textile Weaving Unit)

Manager Costing & Internal Audit Jan 2009 to Nov 2016

Sapphire Textiles Limited (Home Textile Unit)

Cost Accountant Jul 2008 to Dec 2008

Samin Textiles Limited (Textile Weaving Unit)

Asst. Cost Accountant Mar 2006 to Jun 2008

Educational Background
Associate of the Chartered Institute of
Management Accountants (ACMA)
Year of Graduation: 2011

Bachelor of Commerce Institution:

Punjab University Year of Graduation:
2002