Ghassan Nashi

o Establishing an independent accounts department for MAAD Company (independent from Muthmerah Holding Company.) o Preparing policies, procedures, and job description for each employee of the finance department. o Arranging for funds necessary to finance the MAAD project. o Liaising with the banks and providing the necessary documents in order to get the necessary loans, by preparing the financial model for the project, and all the necessary documents needed to get the loans from the financial institutions. o Managing the finance of the company and ensuring that the sufficient resources are available to run the operations of the company o Preparing Monthly management accounts on a monthly basis, with commentary on the cash flow variation from month to month and variation between the cash flow projection and the actual monthly cash flows. o Preparing monthly cash flow projection through Direct Cash flow forecasts method (DCFF). o Preparing the yearly budget for the company. o Preparing a reforecast every three months updating the budget, comparing actual results with budgets and justifying any variances. o Preparing quarterly packages every three months (full set of IFRS financial statements) o Providing reports customised upon the request of the board of directors, facilitate strategic decision-making. o Providing financial consultation to the CEO and the board of directors on all inquiries related regarding financial affairs. Achievements: o Succeeded in managing the project financing with the financial institutions. o Established the finance department successfully. o Established the budgeting system successfully.

o Preparing Monthly management accounts on a monthly basis, with commentary on the working capital variation from month to month, and with commentary on Income statement comparison of the numbers with budget and the last month figures. o Preparing monthly cash flow projection through Direct Cash flow forecasts method (DCFF). o Preparing the yearly target for the company. o Preparing a reforecast every three months updating the budget, comparing actual results with budgets and justifying any variances. o Preparing quarterly packages every three months (full set of IFRS financial statements) o Preparing policies and procedures and job description for each employee of the finance department employees. o Providing reports customised upon the request of the board of directors, facilitate strategic decision-making. o Managing the finance of the company and ensuring that the sufficient resources are available to meet the cash outflow of the company. Achievements: o Adjustments for the year 2010 with total value exceeding 7 Million SAR have been posted during the year 2011. o Reduced the working capital value by 30%. o Reduced the DSO from 195 days to 126 days. o Implemented a system for credit control, and controlling debt collection.

o Managing cash flows for a group of eight companies. o Preparing management accounts on a monthly basis, with analysis of month-to-month balances variation, including balance sheet, Income statement, retained earnings and cash flows. o Preparing policies and procedures and job description for each employee of the finance department 37 employees. o Providing reports customised upon the request of the chairman, facilitate strategic decision-making. o Organising fixed assets physical verification. o Organising Inventory physical verification. o Preparing the yearly target for the group. o Implemented a system for credit control, and controlling debt collection. o Managing the finance of the group and ensuring that the sufficient resources are available to meet the cash outflow of the group. o Studying the internal control of the group, implementing changes in internal control system. Achievements: o The GM of the group has resigned shortly after my joining date and I was acting general manager of the group reporting directly to the owner. o Implemented a new system in the group (profit software), and replaced of the old software (fox pro). o Prepared policy and procedures in the finance department and implemented it successfully. o New finance resources have been obtained for the group. o Reduced the number of employees in the finance department from 37 to 24.

Responsible for audits representing different sizes and types of industries and businesses including manufacturing companies, Major clients handled as senior in charge were:. o Bonyan group of companies, supervised a team of auditors, reviewed their works and finalized the consolidation, assuming ultimate responsibilities of the audit in front of audit executive manager and the client’s finance CEO. Major achievements, Identified misstatements and posted adjustments of 16 Million Dirhams. o Audit of Daman Securities, Senior in charge of the audit, Major achievements, identified misstatements of 11 Million Dirhams and posted adjustment to correct the financials. o Senior in charge of Gulf Drug Establishment. A group of 7 companies supervised a team of 7 auditors and prepared the final consolidation. Major achievements, reduced the cost of the audit by 75% compared to last year audit cost. o Evaluating the client's Business Environment and Internal Control Systems. o Understanding and documenting the Design of the internal control systems. o Testing the implementation of the internal control system. o Testing the operating effectiveness of the business cycles. o Evaluation of internal controls and providing management with recommendations for improvements through management letter points. o Tailoring the Audit Programs to Perform the Audit through a Walkthrough and Substantive Audit Procedures according to the firm’s audit approach manuals. o Managing the Audit Engagement and supervising the field staff accountants. o Planning the Audit Timetable and Meeting up with the Budgeted Hours. o Preparing a comparison between actual and budget and providing justifications in case of variances between the budgeted and actual time spent on the engagement. o Evaluate and prepare the overall performance evaluation to the assisting staff. o Reviewing the audited Financial Statements and Footnotes disclosures. o Preparing the audit report.  

Responsible for audits representing different sizes and types of industries and businesses including Manufacturing companies, Trading companies, Insurance Companies, Service Organizations and educational institutions. Examples of Companies that I audited in Abu Dhabi were namely, Al Jaber Group of companies, Al Fahim Group of companies. The audit assignments included different types of accounting and internal control systems. Primary audit responsibilities included strategic audit planning, execution, supervision and revision of multifarious assignments pertaining to: o Understanding and documenting the Design of the internal control systems. o Planning and coordinating all phases of the audit engagements, including staffing and supervision of audit teams. o Developed a strategy of audit work to be performed through programs based on firm policy, which included determining the amount and the timing of work to be performed. o Evaluating the client's Business Environment and Internal Control Systems. o Study and evaluation of internal controls with recommendations for improvements. o Tailoring the Audit Programs to Perform the Audit through a Walkthrough and Substantive Audit Procedures. o Managing the Audit Engagement. o Planning the Audit Timetable and Meeting up with the Budgeted Hours. o Evaluate and prepare the overall performance evaluation to assisting staff. o Drafting the Audited Financial Statements and Footnotes disclosures. o Preparing the audit report. o Managed a special assignment for one Shipping company which resulted in identifying a Fraud of DHS 8,500,000. o Conducted a special assignment for one restaurant in Dubai. Identified a Fraud and forgery in the sales invoices.

Overall responsibilities include the following: Auditing prepared financial statements. o Analyzing financial data and presented reports. o Supervising the junior auditors, the part time college students. o Drafting the Audited Financial Statements and Footnotes disclosures and audit reports. Accountant (1995- 1997 part time) Overall responsibilities included the following: o Direct contact with companies’ managements. o Summarising and classification of accounting information beginning from the supporting documents brought from the companies. o Posting the accounting data into the accounting system. o Preparing reconciliations, (monthly banks reconciliations, accounts receivables and accounts payable reconciliations). o Generating Trial balance and Drafting the Financial Statements and Footnotes disclosures. o Preparing the audit report. o Answering the inquiries of the audit team.