Nancy TARU

BASIC FUNCTION As the Finance Manager, I am responsible for all the Financial and Accounting functions of the business and to basically oversee the Finance department of LinkPNG which is a subsidiary company of Air Niugini Limited, the national Airline of PNG. LinkPNG concentrates more on the very remote routes of PNG and operates seven (7) Dash 8 aircrafts

BASIC FUNCTION As the Management Accountant I am required to assist the Corporate Reporting Manager in the preparation of monthly management reports, by reviewing month end journals for accuracy and final sign off by the corporate reporting manager, reviewing monthly accounts and ensuring journals are posted and reports generated to assist with the review process. I also assist with reviews on budgets and forecasts for the company and also assist in responding to queries raised by other finance management, other departments and staff and senior management of the company by ensuring timely and relevant feedback to ensure timely decision making is achieved. RESPONSIBILITIES: • Accurately record, summarize, classify and report monthly and annual results in a timely manner to management and the Board. Reports are to comply with generally accepted accounting standards and principles. • Ensure information used for management’s decision making is produced timely and is relevant by ensuring proper accounting, reconciliation and reporting is done in line with international financial reporting standards (IFRS). • Finalisation of monthly management reports (Profit & Loss Statement, Balance sheet statement and Cash flow Statements-Direct & Indirect methods) in an accurate and timely manner for Management & BOD. • Analysing company’s financial performance and making long term forecast and recommending cost cutting measures. • Preparation of board papers explaining monthly Cost & Revenue variances against budget. • Ensure company’s balance sheet represents a true and fair view of all assets owned by and liabilities owed to the airline; review balance sheet reconciliations & Profit & Loss reports • Assist in yearly Budget process. • Prepare Quarterly Dashboard reports for IPBC and other reports needed by IPBC from time to time.

BASIC FUNCTION As the Financial Accountant I was accountable for controlling and providing financial information that accurately reflects the nature of transactions the company is involved in through ensuring the completion of and timely balance sheet reconciliations and ensuring appropriate systems, controls and processes are in place to ensure completeness, and accuracy of the accounts I was also responsible for all external reporting requirements to external bodies and statutory bodies that request for financial information regarding the operations of the company; this includes Bank of PNG, IRC, Australian Bureau of Statistics, IATA, Department of Transport, CAA etc. RESPONSIBILITIES: • Monthly reconciliation of certain Balance sheet accounts, mainly the Revenue interline accounts, all fixed Assets accounts and related accumulated depreciation accounts, Asset revaluation reserve account, and the gain/loss on sale of fixed assets P&L account , a total of over 55 balance sheet accounts in a total 200 plus balance sheet accounts. • Ensure and maintain a checklist on all Balance sheet general ledger accounts and ensuring that all accounts are allocated to respective reconciliation officers and reconciled monthly before signoff. • Contribute to company’s drive towards a cost effective operation by providing sound accounting and financial advice . • Preparation of other ad hoc reports and analysis for management and the Board where required. • Prepare Audit files for External Audit (KPMG or PWC) • Complete and submit monthly and quarterly Bank of PNG surveys. • Complete and submit monthly flight statistics data to Civil Aviation Authority (CAA) & Department of Transport. • Complete and submit monthly & quarterly financial data to the Australian Bureau of Statistics ( Capital expenditure survey, Water, Energy and Environment survey ,Flight statistic surveys and financial performance survey)

POSITION: GROUP/SENIOR ACCOUNTANT - FOR EIGHT CORAL SEA HOTELS IE, GATEWAY HOTEL, ELA BEACH HOTEL, MELANESIAN HOTEL, HUON GULF MOTEL, BIRD OF PARADISE HOTEL, HIGHLANDER HOTEL, LAMINGTON HOTEL & COASTWATCHERS HOTEL. RESPONSIBILITIES: • Monthly reconciliation of Balance sheet & fixed assets accounts • Fixed Assets accounting functions(acquisition, disposals & revaluations) and maintain FAR. • Supervision and on going training of fifteen subordinates in Accounts receivable and Accounts payable areas, this also includes three graduate Accountants. • Monthly reconciliation of all Food Stock and General Stock items for all the hotels under Coral Sea Hotels (Eight hotels) • Daily analysis of company’s’ cash flow position and transferring of funds between bank accounts to ensure sufficient funds are available at any given time to meet all financial obligations. • Do overseas Foreign Exchange deals. • Checking of Balance sheet reconciliations prepared by Company’s three graduate Accountants • Authorization of payment vouchers for payment ensuring all documents correct • Signatory to Coral Sea Hotel’s six bank accounts ,signing cheques with no limited value even to the vicinity of K3,000,000( PGK ) . • Control & reconciliation of all petty cash floats • Monthly checking of all bank account reconciliations ensuring all bank reconciliations are correct and true as per G/L and bank statement. • Monthly reviewing & finalisation of all monthly financial reports (P&L & BSheet & cashflow) for all the eight hotels with the Group Accounting and Finance Manager-Hotels and the General Manager –Hotel Division. • Notifying all hotel Managers, Regional Managers and the Management within Coral Sea Hotels of each hotels’ Profit margins against budgeted figures as well as their average room rate ,gross food GPs and beverage GPs( percentages) for the month against budget. • Preparing of Profit & Loss Variance analysis reports for the general Manager.

RESPONSIBILITIES: • Monthly reconciliation of Balance sheet accounts • Monthly reconciliation of Fixed assets accounts • Posting of journals after ensuring all general ledger codes and cost centre information are correct. • Monthly reconciliation of debtors and creditors accounts ensuring all accounts are in order and not aging. • Preparation of monthly VAT returns for Merchandise division. • Monthly reconciliation of stock and WIP accounts. • Monthly review of expenses journalized into each cost centres ensuring validity of each. • Daily cash flow analysis • Bank reconciliation reviews ensuring all outstanding items are current and reconciliations are correct. • Journalizing of month end accrual and adjustment journals. • Checking and ensuring all sales, stock transfers, stock shrinkage and wastage correctly taken up in the month concerned. • Authorize payment vouchers. • Petty cash reconciliation/custodian. • Running of debtors, creditors and fixed assets integrity reports and reconciling back to general ledger if there is a variance. • Run final Trading reports (Profit and Loss) and Balance Sheet reports for Merchandise Group. • Prepare quarterly Board Papers for Tabubil and Progressive Traders Board of Directors meetings. • Compiling and preparation of Bank of PNG survey data. • Compiling and preparation of IRC and IPA survey data to their end. ______________________________________________________________________________

RESPONSIBILITIES: • Monthly reconciliation of over fifty plus balance sheet accounts. • Weekly reconciliation of inter-company charges ensuring costs incurred overseas are transferred to correct cost centres in PNG. Journalizing of monthly Payroll, Engineering and other general journals. • Daily recording of payments received, banking and processing of deposits into debtors accounts. • Compiling and submission of quarterly Bank of PNG survey data. • Monthly reconciliation of GST sales tax for each province before VAT implementation. • Preparation of all taxation/IRC stationeries for submission either to the vendor or to IRC for non GST compliance. • Preparation of all tax return schedules for approval and inclusion in the monthly financial report pack. • Monthly 10% Withholding tax reconciliation and payment to IRC for non compliance or remittance to vendor if certificate of compliance is valid.

RESPONSIBILITIES: • Analysis of customers Cash books and all other source documents. • Analysis of customers cash flow positions. • Reconciliation of customers bank accounts. • Reconciliation of customers’ debtors, creditors and general ledger accounts. • Passing of journals as per source documents to take up expenses incurred and all other revenue data. • Passing of accrual and all other adjustment entries. • Eventual preparation of Customers final accounts (Profit & Loss & Balance sheet). • Preparation of Company Tax Returns for taxation purposes.