Mustafa Ali

Senior Accountant @PressReader

Richmond, BC, CA

Initiatives / Achievements:•Invoicing time from 2 weeks to 48 hours through implementation of integration tool;•Condensed AR turnover by 15 days by making the process more efficient;•Improvised AP system for processing payments to 90 global accounts to minimize potential exchange risk. •Abridged reporting time by 15% thru developing a revenue database allowing prompt feedback from sales team.•Led the implementation of Microsoft GP accounting system upgrade from ver. 2013 to 2016. •Automating Royalty calculation and AP invoice generation for publishers quarterly and $4.0 million annually. Responsibilities:•Supervise month-end closing process in a multi-currency environment including reconciling bank, payroll and inter-companies\' accounts.•Prepare monthly, quarterly and annual consolidated financial statements for the BOD ensuring compliance with US GAAP/IFRS•Supervise annual audit preparation and manage preparation of tax and audit working papers, lead sheets and consolidated financial statements under IFRS•Prepare monthly revenue reports for 10 various segments involving over global accounts ensuring accurate recognition and realization.•Review the work of accounting clerks involving data entry, expense coding, invoicing and collections.•Assist PressReader’s leadership in the annual budgeting and planning process; and identifying and tracking variances on a monthly basis.•Prepare financial information and analysis for executive team and provided ongoing analysis of group financial performance via monthly, quarterly and annual KPI\'s.•Assisting with implementation of IT projects with regard to business automation and integration of current processes to improve efficiency.•Ensure the internal controls are in place and proper policies and procedures being followed.•Deal with clients (both external and internal) and reviewing sales and royalty contracts. •Assisting with accounting, financial, taxation and business planning issues.

Karachi University

Bachelor of Commerce, Accounting, Economics, Statistics and Corporate Law

Langara College

CPA courses, Financial Accounting, Taxation & Auditing

The Institute of Cost and Management Accountants of Pakistan www.icmap.com.pk

FCMA, Cost and Management Accountancy

Chartered Professional Accountants of Canada (CPA Canada)

Accounting