Michael Amofa-Boateng (MBA, ACCA, B'COM)
Snr. Finance Manager at Frankatson Limited- Claim this Profile
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English -
Topline Score
Bio
Credentials
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Excel for Accountants
LinkedInOct, 2020- Oct, 2024 -
Financial Modeling and Forecasting Financial Statements
LinkedInOct, 2020- Oct, 2024 -
ACCA
ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTSDec, 2005- Oct, 2024
Experience
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Frankatson Limited
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Ghana
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Chemical Manufacturing
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1 - 100 Employee
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Snr. Finance Manager
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Aug 2015 - Present
1. SNR. FINANCE MANAGER Frankatson Limited (Veterinary & Agro Chemicals) August 1, 2015 to Date. Summary: Responsible for daily financial reporting, budget preparation and control, management and statutory reporting and assisting the General Manager in the day-to-day operations of the company. Ensuring stock taking on a regular intervals and reporting same to management. Key Achievement Dutifully achieve preparation of monthly management accounts for internal purpose, and the annual statutory accounts in accordance with IFRS and International Accounting Standards (IAS). Prepare and present annual Budgets to Board for approval. Prepare comprehensive yearly and half yearly board highlighting the performance of the business throughout the year. Establish and cultivate partnerships with key business unit stakeholders in Ghana, exceeding operational plans while maximizing selling opportunities which increase revenue and boost profits. Ability to assess and implement sound financial and internal controls in line with Frankatson’s partners’ expectations. Successfully coordinated and led Frankatson team on five years Tax audit with Ghana Revenue Authority and achieved clean results. Successfully coordinate yearly financial statements audits with external auditors to meet timelines. Dutifully achieve branch operations reporting requirements and regular visits to ensure smooth branch operations. Show less
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Finance Manager
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Apr 2011 - Jul 2015
SUMMARY Responsible for financial and management reporting, regulatory reporting, statutory returns (taxes, SSNIT, etc), Working capital management. FINANCE & MANAGERIAL FUNCTIONS • Oversea the work of finance and accounting department. • Monitor the finance and administration department environments to ensure optimization and effective use of staff resources. • Provide guidance and supervision to finance and accounting staff. • Assist with establishing Operating Guidelines, Accounting Manuals, lines of authority and communicating work objectives and priorities of reporting. • Monitor staff performance and compliance with the Accounting and Operational Manual. • Monitor training needs of staff and ensure training is in accordance with plans. • Preparation and presentation of annual budget and quarterly variance analysis to ascertain courses of discrepancy. • Ensure the timely and effective execution of the financial reports and other works assigned. • Monitor and review monthly, quarterly and annual management and final accounts. SPECIAL ACHIEVEMENTS 1. Introduced commission sales system which increased revenue by over 150% within 3 months. 2. Introduced an Accounting Software for proper revenue recognition and reporting. Show less
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Auditor
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Jan 2010 - Jul 2015
1. Accounting, Tax and Management consulting. 2. Financial Statements analysis and valuation of companies. 3. Writing of financial proposals for businesses to access credit facilities both short and long term. 4. Auditing of financial statements of clients. 5. Preparation of quarterly and annual financial statements for clients. 6. Preparation of extended cash flow projections for clients to access long term local and foreign facilities. I have hands on experience in projects worth between 1.0 million to 20 million US dollars. 7. Preparation of accounting manuals for clients to meet their specific business requirements. 8. Management, strategic and business planning. 9. Many adhoc jods as and when required by clients. Show less
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MMRS Ogilvy
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Advertising Services
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1 - 100 Employee
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Media Director
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Apr 2010 - Mar 2011
• Prepared and managed media budget and financial forecast of the Agency • Developed and managed all media strategy and plans with reference to the budget • Managed the purchasing of print space in newspaper and magazines, contracts by examining the radio and television for clients. • Evaluated and negotiated media proposals for potential advertising contracts by examining the demographics, traffic costs and placements. • Ensured the media campaigns run smoothly and all paper (PBA) work is current. • Provided strategic insight and analysis to campaign reporting. ACHIEVEMENT Bid and won Media Contract for the Agency worth over $120,000.00 during my stewardship. Show less
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Management Accountant
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Jan 2008 - Apr 2010
• Lead and coordinate budget development, long term forecast and determine budget allocation for GMA and Business Units. • Prepares overall income and expenses report made up high level revenues, cash flows and expenses by Business units budgeted amounts. • Preparation of staff payroll: PAYE tax, SSF contribution and other statutory deductions. • Coordinates with inter-company Accountants in head office to ensure that all inter-company transactions are reconciled and recorded. • Preparation of final accounts for GMA and Business Units reports by cost centre. • Preparation and recording of payment vouchers and ledger books. • Any other duties as and when management may require. SPECIAL ACHIEVEMENT • Was able to process over two years financial data into 5 business units and reconcile nine (9) different bank accounts in two months. At the time of my exit all business units and bank accounts were up to date. • Introduced an Accounting Software for proper revenue recognition and realization. The Company now fully depends on the software for all revenue related issues. Show less
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JOY FM
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Broadcast Media Production and Distribution
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1 - 100 Employee
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FINANCE MANAGER
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Jun 2007 - Dec 2007
Job Functions: • Prepared and monitored the implementation of annual budgets and financial plans of the station. • Prepared and interpreted monthly and quarterly financial performance report to the stations management. • Sets up and maintained all the appropriate books of accounts and ensure their integrity. • Supervised and ensured accurate monthly invoicing and revenue recognition. • Ensured that the company’s credit policy is strictly adhered to. • Supervised timely delivery of clients’ statements and reconciliation of clients’ balances. Show less
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Ghana Export Promotion Authority
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Ghana
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International Trade and Development
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100 - 200 Employee
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Finance Officer
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Sep 2003 - Oct 2005
Job Functions: • Preparation of Corporate budgets, annual and financial plans of the Council. • Managing appropriate financial procedures to ensure prudent financial management of the Council. • Responsible for all revenues, grants and other receipts of the Council. • Management of appropriate books of accounts of the Council and ensured their integrity. • Ensured effective financial recording and reporting system in compliance with internal control procedures and processing financial transactions and an accurate and timely manner. • Re-performing client’s calculations, check payment vouchers with invoices to ensures reasonableness of invoices and recommend payment. • Check the company’s fixed assets register and ensures appropriate insurance policy for the assets Show less
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Accountant
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Jul 2000 - Aug 2003
Job Functions: • Prepared and presented financial information for management purposes. • Prepared and monitored the implementation of quarterly and annual budgets. • Accounting for Tax assessment and VAT returns. • Prepared monthly customer accounts reconciliation statements. • Preparation of monthly bank reconciliation statement. • Advised and supported management on the human resources needs of the company. • Led the development and implementation of sales budget and target sales for the sales team. Special Achievement • Introduced Commission Sales System and was able to increase Sales Revenue from GH¢40,000.00 per month to over GH¢145,000.00 a month in 3 months. Show less
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Education
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2016 - 2018
UNICAF UNIVERSITY
Master of Business Administration - MBA, Finance -
2001 - 2005
ACCA - UK
Association of Certified Chartered Accountant, Qualified Accountant -
1994 - 1998
University of Cape Coast
Bachelor of Commerce (BCom), Accounting and Finance -
1994 - 1998
University of Cape Coast
Bachelor of Commerce - BCom -
1991 - 1993
Opoku Ware Sec. School
Advance Level Certificate, Accounting and Business/Management
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