Asmat Khan

A Professional Accountant

Message

Intro

Lahore, Pakistan

Assistant manager Audit at Baba Farid Sugar mill

Studied Accounts and Finance at Institute of cost and management accountant of Pakistan

Studied Accounts and Finance at AIOU ISlamabad

Studied Accounting and Finance at Bahudin Zakria Univeristy

Studied Commerce and Accounts at Commerce College

Studied Science at Matric School

Accounting

Joined October 19, 2023

Skills

Languages

English

Intermediate

Urdu

Advanced

About

Accountants play a vital role in various industries by managing financial records, ensuring compliance with financial regulations, and providing critical financial insights. Their responsibilities may vary depending on the specific industry, but here are some common aspects of the accountant's role in an industry: Financial Reporting: Accountants prepare financial statements such as balance sheets, income statements, and cash flow statements. These reports provide a snapshot of the company's financial health and are essential for decision-making. Budgeting and Forecasting: Accountants assist in creating budgets and financial forecasts to guide the organization's financial planning and resource allocation. Tax Compliance: Accountants ensure the organization complies with tax laws and regulations. They prepare tax returns, identify tax deductions, and work to minimize tax liability while staying within the boundaries of the law. Financial Analysis: They analyze financial data to assess the company's performance and identify areas for improvement. This analysis can help in making strategic decisions. Internal Controls: Accountants establish and monitor internal controls to safeguard company assets and prevent fraud. They ensure that financial transactions are accurate and compliant with company policies. Auditing: In some industries, accountants may work as auditors, either within the company (internal auditors) or for external audit firms. They review financial records to ensure accuracy and compliance. Cost Accounting: In manufacturing and production industries, accountants often engage in cost accounting to determine the cost of producing goods or services. This information is essential for pricing decisions and cost control. Financial Software and Technology: Accountants use various financial software and technology tools to streamline processes, increase efficiency, and enhance financial reporting. Regulatory Compliance: Industries such as healthcare and finance have specific regulatory requirements. Accountants in these sectors ensure compliance with industry-specific regulations and standards. Risk Management: Accountants may be involved in assessing and managing financial risks, including currency exchange risk, interest rate risk, and investment risk. Advisory Services: In some cases, accountants act as financial advisors, providing guidance on investment decisions, mergers and acquisitions, and other strategic financial matters. Business Strategy: Accountants often participate in strategic planning by providing financial data and insights to help the organization set goals and make informed decisions. The role of an accountant in an industry is crucial for maintaining financial stability, ensuring legal compliance, and supporting business growth. Their work is not limited to recording transactions and preparing financial statements but extends to financial analysis, strategic planning, and risk management. The specific responsibilities may vary depending on the industry and the size of the organization.

Experience

Baba Farid Sugar mill

Nov 2020 – Present

Pakistan

Assistant manager Audit

To manage and control the audit team, assign them tasks and follow up on their duty. Reporting to management on risk assessment and control building.

Noon Sugar mill

Dec 2018 – Dec 2020

Pakistan

Audit officer

To build control to mitigate the risk and ensure compliance and procedure are being adhered.

al moiz Industries Ltd (Sugar Mill)

Dec 2013 – Nov 2018

Pakistan

Accountant

Preparation of all types of vouchers, handling of tax matter, bank reconciliation statements

Pepsi-Cola company

May 2009 – Nov 2013

Pakistan

Accountant

Handling and preparation of all types of vouchers

Education

Institute of cost and management accountant of Pakistan

Oct 2020 – Present

Cost and management Accountant, Accounts and Finance

AIOU ISlamabad

Feb 2010 – Jul 2012

MBA, Accounts and Finance

Bahudin Zakria Univeristy

Mar 2005 – Jul 2007

Graduation in Commerce , Accounting and Finance

Commerce College

Oct 2004 – Jun 2005

Inter in commerec, Commerce and Accounts

Matric School

Mar 2001 – Oct 2003

Matric, Science