Senior Accountant

Key Duties And Responsibilities Key Performance Indicators

Supervise and initiating the processing of client information receipts, sales invoices, purchase invoices
Perform bank reconciliations.
Processing and reconciling of Petty Cash and cash control accounts.
Keeping of a fixed asset register
General journals e.g. depreciation, provisions, interest, salaries, stock, etc.
Process journal entries e.g. new instalment sale agreements, interest on borrowings, provisions, accruals of income and expenses, bad debts ect.
Distinguish between finance and operating leases.
Foreign exchange transactions
Reconcile debtors and creditors statements.
Correct accounting treatment on disposal of assets (property, plant & equipment) and investments and the calculation of the taxation on capital gains/losses.
Analyse the resulting trial balance for mistakes / deviations and be able to discuss the results with the client.
Analytical review of AFS GP%, Inventory days, Creditors days, Debtors days
Ability to record books from insufficient records.

Produce a draft set of financials according to generally accepted accounting practice and a working paper file according to the standards per the training file for sole proprietors, close corporations, trusts, partnerships, small business corporations, farmers and Body Corporates.

Prepare the notes to financial statements.
Formulate accounting policies.
Identifying provisions and contingent liabilities
Calculate the tax liability for sole proprietors, individuals, close corporations and trusts, small business corporations, farmers, Body corporates and partnerships.
Calculate the taxation on lumpsum payments by retirement.
Tax planning e.g. fringe benefits and allowances
Tax avoidance / Non-resident tax
Secondary tax on companies
Perform vouching tests during an audit of (Pty) Ltd and Body Corporates to verify completeness, existence, accuracy, valuation, ownership and presentation.
Calculation of PAYE/UIF/SDL levies and VAT.
Completion of statutory returns e.g. UIF/SDL/PAYE/VAT.
Liase with client re payment of the above returns.
Reconciliations of input/output VAT to annual financial statements and monthly trial balances
Compiling and discussing with the client of monthly management accounts.
Complete a tax return for individuals, close corporations, trusts and body corporates.
Recording and identifying short comings in internal controls
Identifying risks and calculate materiality.
Statutory checks members certificates, founding statements, association agreements etc.
Pre-engagement procedures
Acquisition of members interest / shareholding
Review the monthly files of junior to intermediate accountants.
Completion and review of Management representation letters
Qualifying the report of an Accounting Officer

Other

Concept and characteristics of close corporations / private company / sole proprietor / trusts / clubs / sectional titles
Advantages and disadvantages of the above
Loans to members of the above
Powers of members to bind the above
Personal liability of members to CC / company and others
Accounting records to be maintained.
The duties and rights of an accounting officer
Provide assistance to junior and intermediate accountants.
Any other duty/work/client that is not the normal run of the mill activity e.g. and is of a more complex nature
Provide and develop training to junior and intermediate accountants.
Perform basic administrative duties as needed on a day-to-day basis.
Review the working papers of junior to intermediate accountants.
Able to audit and Body Corporates and perform Independent Reviews

Software