abercrombie

Thanks for replying. I have gone through all 11 points on abs webiste and I could relate my work with a few points, however at the start of the career nobody reports straightaway to the CFO and is expected to do basic job. My subsequent experience for example has good amount of interaction with Senior Management including working on financials. Does that imply that experience and the learning gained at the very start will never be considered?

Hi Guys, I have a question in relation to how the authorities assess duties & responsibilities? I have gone through the responsibilities on abs.gov website , but looks like they are very high level and do you know of all 11-12 roles given by them what are the minimum no.of roles a person must be performing? Apparently, I had worked in MNC's where one department usually specializes in one kind of work because of the large setup as opposed to one department looking after everything. Keeping this in view and the fact that at the start of my career I was doing some very basic accounting stuff will they still consider my experience as relevant? Or do they only consider complex accounting work? My duties from my two employer is given below. Employer 1 1. Posting transactions to journals, ledgers and workflow management. 2. Analysis, verification and recording of Client’s Payables and requesting disbursements. 3. Ensure accuracy & completeness by posting manual adjustments to the Ledger. 4. Reconciliation of accounting statements with related transactions. 5. Ensure adherence to financial policies and procedures in auditing expense statements and External supplier invoices. 6. Appropriate recording of withholding taxes in accordance with IRS guidelines. 7. Recording & reconciliation of Advance Payments to the clients in the General Ledger 8. Processing International Payments through Wire and recording the same in the book of accounts. 9. Liaise with Client Contacts for getting resolutions on On-Hold Payables. 10. Maintains confidentiality and financial security by following internal controls. Employer 2 1. Daily Accounting for Restructure or early termination of Derivative Trades. 2. Reconciliation of Movement in Collateral with General Ledger. 3. Booking of Hedge Accounting in accordance with FAS133 4. Booking manual entries in General Ledger originating as a result of amendment in the Asset portfolio allocation. 5. Accounting Adjustment on Unwind of the Trades. 6. Reconciliation of cashflows Settlement on the swap with the General Ledger. 7. Booking and Reconciling the Coupon Payments in the General Ledger 8. Reconciling MTM on Derivative Trades with the General Ledger 9. Preparation of Monthly Reports for Senior Finance Management. 10. Source System to Trial Balance Reconciliation and Variance Analysis. 11. Daily & Monthly Cash Reconciliation for the settlement of trades like Forwards, Swaps, Futures. 12. Booking accruals in the General Ledger. 13. Requesting Wire Transfer to ensure sufficient FX Balance

Hi Guys, I have a question in relation to how the authorities assess duties & responsibilities? I have gone through the responsibilities on abs.gov website , but looks like they are very high level and do you know of all 11-12 roles given by them what are the minimum no.of roles a person must be performing? Apparently, I had worked in MNC's where one department usually specializes in one kind of work because of the large setup as opposed to one department looking after everything. Keeping this in view and the fact that at the start of my career I was doing some very basic accounting stuff will they still consider my experience as relevant? Or do they only consider complex accounting work? My duties from my two employer is given below. Employer 1 1. Posting transactions to journals, ledgers and workflow management. 2. Analysis, verification and recording of Client’s Payables and requesting disbursements. 3. Ensure accuracy & completeness by posting manual adjustments to the Ledger. 4. Reconciliation of accounting statements with related transactions. 5. Ensure adherence to financial policies and procedures in auditing expense statements and External supplier invoices. 6. Appropriate recording of withholding taxes in accordance with IRS guidelines. 7. Recording & reconciliation of Advance Payments to the clients in the General Ledger 8. Processing International Payments through Wire and recording the same in the book of accounts. 9. Liaise with Client Contacts for getting resolutions on On-Hold Payables. 10. Maintains confidentiality and financial security by following internal controls. Employer 2 1. Daily Accounting for Restructure or early termination of Derivative Trades. 2. Reconciliation of Movement in Collateral with General Ledger. 3. Booking of Hedge Accounting in accordance with FAS133 4. Booking manual entries in General Ledger originating as a result of amendment in the Asset portfolio allocation. 5. Accounting Adjustment on Unwind of the Trades. 6. Reconciliation of cashflows Settlement on the swap with the General Ledger. 7. Booking and Reconciling the Coupon Payments in the General Ledger 8. Reconciling MTM on Derivative Trades with the General Ledger 9. Preparation of Monthly Reports for Senior Finance Management. 10. Source System to Trial Balance Reconciliation and Variance Analysis. 11. Daily & Monthly Cash Reconciliation for the settlement of trades like Forwards, Swaps, Futures. 12. Booking accruals in the General Ledger. 13. Requesting Wire Transfer to ensure sufficient FX Balance