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Yagut Bakhshiyeva is a seasoned finance professional with extensive experience in accounting, financial reporting, and management. She holds a Master's degree in Finance from Azerbaijan State Economic University and a DipIFR from Barattson school of Business and Finance. Yagut is proficient in multiple languages, including Azerbaijani, English, and Russian. Her expertise spans financial reporting, internal controls, SAP, VAT, tax, accounts payable, and accounts receivable.

Experience

  • Elcore Distribution
    • Baku, Azerbaijan
    • Chief Accountant
      • Nov 2021 - Apr 2023
      • Baku, Azerbaijan

      • Managing accounting forwholesale andretailtransactions ona daily basis,including andnot limitedto: AP/AR, Payroll, FA and Inventory, Customs, Taxes and Treasury transactions• Set up and managing monthly closing process for statutory compliance• Calculation and reporting of taxes and other gover...

    • Finance Manager
      • Aug 2020 - Nov 2021
      • Baku, Azerbaijan

      Full scope of financial and cost accounting process AR, AP,GL, forecasting, budgeting etc for wholesale company.• Preparation of financial statements: Finance Statement,Income Statement and cash flow• Liaise with broker for goods customs' clearance and declarations processing• Company's m...

    • Chief Accountant
      • Mar 2020 - May 2020
    • Switzerland
    • Automation Machinery Manufacturing
    • 700 & Above Employee
    • Accounting Center Team Lead
      • Jan 2013 - Feb 2018

      the main business activity of the company is related to engineering services provisions to the Contracting parties of ACG and ShD PSAs- Budget & Forecast Analyses on CAPEX & OPEX operations, annual Budget Input Data- Cost Breakdown & Comparison analyses for previous Month FR forecasted vs. actual expenditures, proper cost allocation to projects, gross profit margin calculation per project and overcost analyses- Revenues & orders analysis and control- HQ management reports preparation with project cost analyses and revenue recognition- Cash forecast and funding requests maintenance (monthly)- SAP functions administration, Service Orders/Contracts support, Cost control related to Service Orders/Contracts support (Customer Orders related Costs), check and approval of cost documentation, SAP Orders and Revenues control /analysis awareness & support; communication with the company and Customer’s engineering, logistics and procurement departments for data collection- Customer contract terms analyses and compliance with terms and rates, negotiation of rates and costs to bill, settlement of disputable billing, discussion of project phases completion and status, Customer meetings- Intercompany contracts and workforce supply arrangements for Customer projects completion- Liaison with tax consultants on reporting and taxes filing; support during external audits

    • Accounting Center Analyst
      • Feb 2010 - Dec 2012

      - Reconciliation, maintenance of bank accounts and petty cash, reconciliation report for HQ- Payroll processing and calculation in accordance with Azerbaijani legislation; personal income tax liabilities of expatriate employees- Record of number of days of expatriate employees in country for personal income tax purposes and determination of residency status, review of travel schedules and trip expenses for determination of taxable income of expatriate employees- Preparation of AP and AR sub-ledgers and calculation and booking of WHT amount both from sales and purchases; CAPEX & OPEX sales invoices processing- Calculation of WHT tax from purchase invoice of foreign subcontractors and fulfill 3 way match between invoice, PO and delivery confirmation, split of costs per project costs/job numbers- Prepare letters to the tax and other state authorities; tax returns filing: WHT, PIT, VAT - Prepare reports and communicate with Statistics Committee, Employment fund, SSPF- Preparation and review of supplier contracts

    • Accountant
      • Jan 2006 - Feb 2010

      Special State Defense Service at the President's Administration of the Republic of Azerbaijan, Accounting Department; Prepared monthly payroll, including calculation of all relevant taxes, contributions, allowances, benefits, aliments, and other additions to the salary provided by the labor a...

    • Accountant-cashier
      • Feb 2004 - Dec 2005

      Special State Defense Service at the President's Administration of the Azerbaijan Republic, Accounting Department,; Prepared monthly payroll, including calculation of all relevant taxes, contributions, allowances, benefits, aliments, and other additions to the salary provided by the labor and...

    • Bank Clerk
      • Sep 2002 - Jul 2003

      Duties: - Closely worked with Sheki Branch of the Bank, prepared bank statements for the customers, registered bank instructions, cheques

    • Accountant
      • Jun 2002 - Sep 2002
    • Senior Economist
      • Oct 2001 - Jun 2002

      Prepared budget, monthly income statement and other internal reports about finance

    • Trainee
      • Jan 1985 - Jan 1995

Education

  • 1999 - 2001
    Azerbaijan State Economic University, department of Finance
  • 2015 -
    Barattson school of Business and Finance
  • 1995 - 1999
    Azerbaijan State Economic University, department of Finance
  • 1985 - 1995
    school 6
  • 2016 -
    PWC
  • 2018 -
    Headstart International

Suggested Services

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Industry Focus. “IT Services and IT Consulting”

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