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| Profile |
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| Joseph Tetteh Kartey |
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| Employment History : |
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Apr 2004–to-date: Senior Partner, AYK Associates
Oct 2003-Dec 2003: Consultant: KAPP CONSULT LIMITEDPreparing Investment Appraisal Report for Village Infrastructure Project (VIP) application for financial support to Vegetable Growers and Gari Processing Groups in the Agona District.
Jan - Feb 2002 : Consultant: Millah & Associates/Sky ConsultComputation of Capital Allowances for Ghana Post Company Limited on its depreciable assets for the period 1955 to the year 2000, covering: Responsibilities:  Review of Fixed Assets Register
Background search on Fixed Assets and Capital Allowances already claimed Classification of Assets by type/age Identification of Assets Valuation of Asset values or cost Determination of Capital Allowance Rates Computation of Capital Allowances
Submission of Report
Feb 2003 – Mar 2004: General Manager: Morgan farms limited, Gomoa manso. Responsibilities: Responsible to the Managing Director for the day-to-day operations of the farm Financial Management of the farm to enhance growth, profitability
Annual budgets preparation and requirement for cash forecast to meet the plan Performance appraisal report for management to review actual performance against budget Report on actual expenses paid against budget and give reasons for variances
Purchases of farm inputs properly budgeted for and approval sought before purchase orders are placed Scheduled payment terms agreed with the supplies upon receipt of the goods and to ensure strict compliance with the payment schedule .
Maintain adequate books of accounts for production - eggs, process reports records, financial reporting Fixed Assets Register
Tax management
March 2002 : Director of Finance & Admin./Company Secretary:Express funds inland money transfare. Responsibilities:
Finance Director for Ghana Operations Collaborate with the Strategic & Finance Director UK for the efficient operations of the business Appointment of Agents to enhance sales Control of funds collected from sales made by Agents Maintain proper records to account for the daily operations of the business Adhere to rules and regulations of the Regulatory Authorities Mobilise cedi equivalent of forex sold to the dealer bank to pay beneficiaries at all the operating branches
1989 – May 2001: Senior Management Accountant/Company Secretary Tractor & Equipment Ghana Limited (Transferred from Kumasi Brewery Limited). Responsibilities: Directly Responsible to the Commercial Director Ensure proper accounting procedures are kept through out the business Ensure authority schedules and budgets are adhered to Ensure adherence to credit policies by regularly reviewing aged debtors schedules prepared by the credit controller Improve the quality of management information through out the business by ensuring TradeReports are produced ten working days after month end Provide reliable professional estimates where actual results are not ready Ensure effective operation of inventory control system Providing Commercial support for the day-to-day operation of internal controls within the business ensuring the efficiency of the Accounts Department, cash receipts and payments Advising management on non-adherence to internal procedures Ensure provision of accurate and detailed breakdown of direct and indirect expenses compared to budget on a monthly basis Ensure to hold and chair debtors meetings with departmental managers where the commercial Director is not available Organise physical stock checks and ensure evaluation reports are produced on time after investigation of variances. Reconcile results to the general ledger stock figures, investigate variances and seek appropriate authority for write off Assist management in the preparation of financial plans and targets for the company
Responsibilities: feild of responsibilities. Capital Expenditure and Revenue Expenditure Ensure capital expenditure and revenue expenditure procedures are followed with correct authority being obtained before purchase Ensure correct numbering of capital expenditure schedules, and proper description of type of capital expenditure and estimated cost Responsible for the maintenance of Fixed Assets Register and ensuring that the record is updated quality
Responsibilities: annual estimates. Coordinate the preparation of annual estimates in accordance with the requirements of the business
Responsibilities : costing of goods. Coordinate the efficient timing and administrative control of the costing the services provided by the company in respect of the products imported - caterpillar, motor vehicles and parts
Responsibilities: credit control Ensure prompt reconciliation of Debtors Accounts and Preparation of Debtors Age Analysis by Cost Center for the purpose of securing strict control over credit facilities granted to customers
Responsibilities: imports and exchange control. Monitoring of stock orders to ensure remittances to overseas supplies are promptly effected and ensuring outstanding bills are dealt with urgently through reconciliation for agreement.Responsible for monitoring accounts for letters of credit and open account.
Responsibilities: internal control. Ensure continuing improvement and establishment of internal control in the accounting function
Responsibilities: monthly information requirements. Ensure provision of management information booklet Provide monthly information on imports and monitor schedule of payments due dates. Ensure that payment is actually being made by the bank where the import documents have been lodged. Working Capital management as a tool to establish appropriate controls necessary to provide efficient running of he business Supervise the provision of monthly cash flow forecasting Ensure accurately of data from inventory control system and discuss problems arising from the controls with management Review Trial Balance and address areas requiring correction
Supervise with the preparation of Operating Statements
Responsibilities: company tax issue. Responsible for the preparation of company tax liability and the provision of adequate information to the taxman or issues arising thereof. Responsible for the agreement with the taxman, the company’s tax assessment for each year under review. Ensure quarterly tax liabilities are agreed and paid on schedule to avoid penalties. The conditions for the granting exemption from payment of withholding tax by the Internal Revenue Services should be strictly adhered to.Responsible for ensuring that the Internal Revenue Services requirements are met.
Responsibilities: pension and providents. Responsible for the provision on adequate information that will be required by Provident Insurance for the smooth implementation of the Pension/Provident Schemes. Liaise with Provident Insurance of future requirement that may be needed to enhance the smooth running of the schemes. Ensure Provident Insurance provides staff with the right statement of their contribution to the schemes whenever required.
Responsibilities: vat. Responsible for the maintenance of records and ensuring that the net of input and output tax is correctly accounted for and where appropriate payment is made to the VAT Commission on schedule.
Responsibilities : managements salaries. Responsible for assisting with the successful preparation of management and staff salaries. Maintain and monitor all salary transactions for all employees Maintain adequate records in respect of SSFC, Pension, Provident,Taxand company’s contributions thereof.
Responsibilities: company secretarial matters. Liaise with management on legal issues through contact with Company’s solicitors.Organise Board Meetings to be held quarterly.
Responsibilities: deputising role
1987 – 1989: Chief Accountant: Kumasi brewery limited
1976 – 1987: Financial Accountant: Kumasi brewery limited (Division of Unilever Ghana Limited)
Responsibilities: Capital Expenditure and Revenue Expenditure Ensure capital expenditure and revenue expenditure procedures are followed with Correct authority being obtained before purchase Ensure correct numbering of capital expenditure schedules, and proper description of type of and estimated cost Responsible for the maintenance of Fixed Assets Register and ensuring that the record is updated quarterly Annual estimates Coordinate the preparations of annual estimates in accordance with the requirements of the business
Responsibilities: costing of goods
CREDIT CONTROL
Import and exchange control Monitoring of stock orders to ensure remittances to Overseas supplies are promptly effected and ensuring outstanding bills are dealt with urgently through reconciliation for agreement. Responsible for monitoring accounts for letters of credit and open accounts.
Internal control Ensure continuing improvement and establishment of internal control in he accounting function
Monthly information requirements Ensure provision of management information bookletProvide monthly information on imports and monitor schedule of payments due dates. Ensure that payment is actually being made by the bank where the import documents have been lodged. Working Capital management as a tool to establish appropriate controls necessary to provide efficient running of the businessSupervise the provision of monthly cash flow forecastingEnsure accuracy of data from inventory control system and discuss problems arising from the controls with management
Responsibilities : company tax issue
Responsible for the preparation of company tax liability and the provision of adequate information to the taxman or issues arising thereof. Responsible for the agreement with the taxman, the company’s tax assessment for each year under review. Ensure the quarterly tax liabilities are agreed and paid on schedule to avoid penalties.
Responsibilities : deputising role
To relieve the Commercial Director as and when it becomes necessary.
1975 - 1976: WARD SEGAL GREY, Chartered Accountants Central London- Field Audit, Review and finalisation of Clients audits for agreement with the partners.
1973 – 1974: Assistant Accountant: JOHN MARTIN FOODS LIMITED, LONDON BRIDGE, LONDON
Importers of Canned Food & vegetable oils
Responsibilities : Dealership in Foreign Currency Forward Purchases Accounting for currency purchases from about ten (10) banks in the UK to meet ordering and delivery of imported goods whilst ensuring that no losses are incurred from rates offered by the various banks.
1970 – 1973: Assistant Accountant: LITEFLO GROUP OF COMPANIES, 61 MILD MAY PARK, NORTH LONDON Manufacturers of Illuminated Panels for Aircraft and Radar.
Responsibilities : Responsible to the Chief Accountants for the day-to-day running of the accounts department. In charge of receipts and payments, credit control including Factoring of Revenue from sales to customers. Deputises for the Chief Accountant whenever it becomes necessary. |
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