Accounting Advisory Services

Transcription

1 KPMG HAZEM HASSAN Accounting Advisory Services Bookkeeping ADVISORY

2 Hazem Hassan Public Accountants & Consultants Accounting Advisory Services 2 Contents KPMG Core Services KPMG Accounting Advisory Services - Outsourcing Services Fixed Assets Register Service - Secondment Service - Statutory Books Service Bookkeeping Clients Reference 12 Bookkeeping Team 14

3 Hazem Hassan Public Accountants & Consultants Accounting Advisory Services 3 KPMG Core Services

4 Accounting Advisory Services 4 KPMG Core Services AUDIT TAX ADVISORY Financial Statement Audit International Corporate Tax Accounting Advisory Services Bookkeeping Statutory Audit Audit Related Services Business Tax Indirect Tax Capital Gains Tax Internal Audit Corporate Finance Transaction Services Informational Risk Management Financial Risk Management

5 Hazem Hassan Public Accountants & Consultants Accounting Advisory Services 5 Accounting Advisory Core Services

6 Accounting Advisory Services 6 KPMG has a specialized Bookkeeping Services Department staffed with experienced personnel who have in-depth knowledge and experience in serving local and multinational companies of the same size and complexity, this department headed by Mr. Ehab Akl Senior Partner, who is being supported by Mr. Ahmed Mansour the senior manager in charge of bookkeeping group. The engagement team will also be backed up with KPMG worldwide knowledge and experience in the natural resources sector around the globe. The Bookkeeping Services Department is fully independent of the Audit Services. The Bookkeeping Services Department provides advice and assistance on a wide variety of accounting services including but not limited to the following: Outsourcing Services Fixed Assets Register Accounting Advisory Services Secondment Services Recording the Statutory Books Provide professional assistance 1) Outsourcing Services, provide professional assistance in maintaining accounting records in accordance with the Egyptian Accounting Standards and the company s requirements for the internal reporting purposes. This includes modifying and coding the chart of accounts using an advanced accounting software package and extracting financial reports in regular basis. 1) Fixed Assets Register, provide professional assistance in preparing an ideal fixed assets register to enable the company s management to extract various type of reports and maintain an affective control system over its fixed assets in addition to the ability of activating electronic bar code system to help in facilitating the periodical physical count procedures. 2) Secondment of professional accounting staff, Provide professional staff on secondment basis to work under the client full management and responsibility in order to assist the company s personnel. 3) Recording the Statutory Books, provide professional assistance in maintaining the manual statutory accounting books in Arabic language as required by the relevant and regulations of Egyptian laws. 4) Provide professional assistance in special accounting assignment such as review of accounting plans, designing documentation cycle and establishment of inventory registers...etc.

7 Accounting Advisory Services 7 Outsourcing Services Fixed Assets Register Accounting Advisory Services Secondment Services Statutory Books Provide professional assistance Outsourcing Scope of Work 1) Design an appropriate chart of accounts considering the client nature and type of business and through that enable the company s management to extract different type of financial reports satisfying its needs in order to assist in taking management decision in a proper time. Also to facilitate extracting all financial reports will be required by the audit team or for tax inspection purposes. 2) Applying the above chart of accounts after obtaining the approval of the company s management on the advanced accounting software package in use. 3) Reanalyzing, reclassifying and recoding the approved financial transactions (if needed) according to the chart of accounts and based on the appropriate supporting documents and the authorizations as per delegation of authorities, recording the approved financial transactions, after investigating any inquiries in relation thereto with the concerned party in the company and in accordance with the Egyptian Accounting Standards and the company s requirements. 4) Printing journal entry to be attached with the related supporting documents. 5) Allocating common costs at the percentage of allocation provided by the company s management, to provide the company s management with a proper p analysis of various elements of that costs. 6) Maintaining a register of fixed assets to account for ongoing acquisition and disposal of fixed assets using excel sheet. 7) Recording periodically accruals and provisions based on the information provided by the company s concerned parties. 8) Preparing Bank accounts reconciliations. 9) Preparing trial balance, balance sheet, income statements, and the related disclosures. Outsourcing Deliverables Trial balance. Subsidiary ledgers. Bank Accounts reconciliation. Reports for accounts receivable and accounts payable. Inter-company accounts reconciliation. The register of fixed assets and accumulated depreciations. Balance sheet, income statement and related disclosures. Other reports are produced and customized according to client s needs and requirements.

8 Accounting Advisory Services 8 Outsourcing Services Fixed Assets Register Accounting Advisory Services Secondment Services Statutory Books Provide professional assistance Fixed Assets Register scope of work Provide professional assistance in preparing an ideal fixed assets register to enable the company s management to extract various type of reports and maintain i an affective internal control system over its fixed assets, in addition to the ability of activating electronic bar code system which helps in facilitating the periodical physical count procedures and save related cost which meet the company s management requirements. Fixed Assets Register Deliverables Chart of fixed assets classified to the company s audited financial reports Fixes assets register reveal the assets detailed information such as, assets categories, location, actual cost, periodical depreciation, and net assets Physical count report Acquisition and disposal reports Register of fixed assets allocated to the company s cost Center or custody if available Outsourcing Services Fixed Assets Register Accounting Advisory Services Secondment Services Statutory Books Provide professional assistance Secondment of Professional Accounting Staff As per our normal practice the seconded professional will be selected carefully in order to meet the client needs and expectations, we always make sure that he/she is competent, duly qualified, efficient and experienced to perform his/her accounting and reporting role in accordance with the Egyptian Accounting Standard and as required by the client rules and regulations. The seconded staff carry out the accounting tasks that may assign to him and work under the client direct management and supervision.

9 Accounting Advisory Services 9 Outsourcing Services Fixed Assets Register Accounting Advisory Services Secondment Services Statutory Books Provide professional assistance Statutory books scope of work 1) Tracing the opening balances in manual general journal book to the final audited financial statements received from The client's management. 2) Obtaining monthly approved trial balance from The client's management as extracted from the company s accounting system and translating the accounts titles in the approved trial balance into Arabic language for the purposes of the registration in manual general journal Book. 3) Assisting the client's management to classify the subsidiary accounts under each main account in order to meet the same classification of the final audited financial statements received from the client's Management. 4) Assisting the client's management in entering the total monthly movement of each main account as per their approved trial balances to manual general journal book in Arabic Language as required by Egyptians Laws. 5) Matching the classification of the subsidiary accounts as per approved trial balances at the year end with final audited financial statements and identifying any differences in the classification and then assisting the client's management in entering the changes in the classification if any. 6) Assisting the client's management in entering the closing entry of the financial year. 7) Assisting the client's management in entering final audited financial statements in same format to manual inventory book in Arabic language as required by Egyptians Laws.

10 Accounting Advisory Services 10 Outsourcing Services Fixed Assets Register Accounting Advisory Services Secondment Services Statutory Books Provide professional assistance Provide professional assistance in special accounting assignment such as the following; Reviewing of accounting plans, Designing documentation cycle Designing documentation cycle, Designing accounting system, Designing financial regulation, Stock registers etc.

11 Hazem Hassan Public Accountants & Consultants Accounting Advisory Services 11 Bookkeeping Clients by industry

12 Accounting Advisory Services 12 Bookkeeping Clients by industry Manufacturing and Trading Oil Field services Hotel, Tourism and communication Banking and Financing Constructions and contracting Non-Profit Organization Sporting Bookkeeping Clients by industry Concord Int. - group of companies Gulf Egypt for Hotel&Tourism Iberdrola spain Arabian Food Supplies Company Besix/Orascom - group of companies Perfect Trading Inc. Johnson Controls Egypt Limited Bupa Egypt for Insurance SAE Sidi Krir - group of companies Al Fahim Enterprises Gulf Beauty Egypt Paris Gallery Egypt BEBA Association I the Egyptian Association Emaar Egypt Mckinsey Consultancy Nissan Motor Egypt Mercedes Benz Egypt Palm Hils Developments Vodafone Egypt Samsung Corporation Enhancement for Serv. Adidas Import & Export Ltd. L'Oreal Egypt LLC BP Marketing Egypt Al-Ahli Capital Holding Co., Flex P Films Egypt company Lahmeyer International Bonyan for Develop. & Trade IBM Egypt BS Services Compaq Computers Egypt Shakespeare Foundry Egypt IBM Egypt WT Corporation Citadel capital group Suzan Moubarek Hospital Abu Seir Polo Lodge for hotel Co., National Oil Production Co., Smith International Corporation British Charitable Fund Cairo Mitsubishi Power Systems AVA S.P.A Egypt branch Philip Morris Egypt L.L.C MAF Egypt Maf Hypermarkets Al Tawfeek Leasing Company El Gouna Sports RW Armstrong - Egypt Branch Tenaris Egypt company Tecnomar Egypt Ltd Biodenta Egypt S.A.E Operation Smile Egypt Clintec international Ltd. El Sery Tourism Development Convergys Egypt LLC Adidas sporting Vodafone Egypt Clintec international Ltd. El Sery Tourism Development Soluziona Technical Services Global Peering Exchage Mitsubishi Corporation I the Egyptian organization

13 Hazem Hassan Public Accountants & Consultants Accounting Advisory Services 13 Bookkeeping Team

14 Accounting Advisory Services 14 Ehab Akl CPA, FESAA Position KPMG Egypt Senior Partner Advisory Services KPMG MESA Regional Head of Accounting Advisory Services Qualifications Certified Public Accountant - Illinois, USA. Member of American Institute of Certified Public Accountants (AICPA) Fellow of the Egyptian Society of Accountants and Auditors (ESAA) Certified Egyptian Accountant (authorized for joint stock companies and banks) More than 25 years of experience in providing wide range of services including the following: Experience Audit of Infrastructure, Government and Healthcare (IGH), Banking and Finance, Investments Portfolio, Fund Management, Mutual Funds, Insurance, Industrial Markets companies, trading and consumer products. Financial Advisory Services (including transaction services, Due Diligence Assistance) Risk Advisory Services (including Financial, controls and Admin Diagnostic Studies, IFRS Conversion, business process improvements, internal audit, accounting advisory services) Sector expertise Lead and In-Charge Partner for Global, International and Key national accounts Participated in setting the Egyptian accounting standard for insurance and reinsurance companies and its implementation guide. Participated in the Egyptian insurance project, reform of the Egyptian Insurance Supervisory Authority (EISA). Conducting financial valuation. Performing Due Diligence Assistance. Preparing and conducting tailored training courses including financial and managerial accounting, CPA, Auditing, finance for non-finance managers and train the trainers Trainer for ESAA, EISA, FGF and KPMG

15 Accounting Advisory Services 15 Ahmed Mansour Position Senior Manager in charge of Accounting Advisory Services Bookkeeping department Bachelor of commerce, Accounting section, Helwan University Qualifications Sector expertise More than 20 years experience in providing Accounting Advisory Services in different accounting affairs and for many type of business models. Training courses: Egyptian and international accounting standards, Risk management, World bank Rules and regulations training course, Comprehensive Egyptian tax course. Ahmed has deeply experienced in establishing, controlling, and managing financial departments in different and variable sectors and business models such as the following ; - Construction companies, - Trading sectors, - Services entities, - Non-Profit Organization, - Information technology, - And industrial activities. Designing and preparing an appropriate chart of accounts for different type of business model, Designing i the required documentation ti cycle, Launching accounting software system, Designing and establishing Fixed Assets register and activating bar cod system, Ensuring existence of proper internal controls, Experience Keeping a close eye on all operating risks and ensuring safety of the company from any potential operating risks. Coaching accounting team, Training and building capacity and developing staff skills, Dealing with external entities such as: Banks, Insurance companies, External Auditor, and Tax inspectors, Preparing and reviewing financial reports,

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17 Accounting Advisory Services 17 Contact information In case of needing any type of this services please contact directly Ahmed Mansour Senior Manager in charge of accounting advisory services department Mobile; Tel: (202) /11 Ext Fax:(202) /03 KPMG Hazem Hassan Pyramids Heights Office Park Km 22 Cairo / Alexandria Desert Road Al Ahram P.O.Box 48 Al Ahram Giza - Cairo Egypt Tel: (202) /11 Fax: (202) / egypt@kpmg.com.eg Egypt Disclaimer The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. Egypt Copyright 2011 KPMG Hazem Hassan, the Egyptian member firm of KPMG International, a Swiss cooperative. All rights reserved. Printed in the Arab Republic of Egypt. The KPMG logo and name are trademarks of KPMG International. KPMG International, as a Swiss cooperative, is a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. Designed and produced by KPMG s Egypt Design Services