Accounting Advisory Services

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Accounting

Advisory Services

“Bookkeeping”

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Accounting Advisory Services 2

Contents

KPMG Core Services 4

KPMG – Accounting Advisory Services - Outsourcing Services

- Fixed Assets Register Service - Secondment Service - Statutory Books Service

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Bookkeeping Clients Reference

Bookkeeping Team 14

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Hazem Hassan

Public Accountants & Consultants

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KPMG Core Services

Hazem Hassan

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Accounting Advisory Services

KPMG Core Services

AUDIT

TAX

ADVISORY

• Financial Statement AuditFinancial Statement Audit • International Corporate Tax •Accounting Advisory Services “Bookkeeping” • Statutory Audit

• Audit Related Services

p • Business Tax • Indirect Tax • Capital Gains Tax

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• Internal Audit • Corporate Finance • Transaction Services

• Informational Risk Management • Financial Risk Management

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Accounting Advisory Core Services

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Hazem Hassan

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KPMG has a specialized Bookkeeping Services Department staffed with experienced

personnel who have in-depth knowledge and experience in serving local and

multinational companies of the same size and complexity , this department headed

by Mr. Ehab Akl Senior Partner, who is being supported by Mr. Ahmed Mansour the

senior manager in charge of bookkeeping group. The engagement team will also be

backed up with KPMG worldwide knowledge and experience in the natural

resources sector around the globe. The Bookkeeping Services Department is fully

independent of the Audit Services.

The Bookkeeping Services Department provides advice and assistance on a wide variety of

accounting services including but not limited to the following:

Outsourcing Services

Secondment Services

Fixed Assets Register

Recording the Statutory Books

Accounting Accounting Advisory Services Advisory Services

Provide professional assistance

1) Outsourcing Services, provide professional assistance in maintaining accounting records in accordance with the Egyptian Accounting Standards and the company’s’ requirements for the internal reporting purposes. This includes modifying and coding the chart of accounts using an advanced accounting software package and

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extracting financial reports in regular basis.

1) Fixed Assets Register, provide professional assistance in preparing an ideal fixed assets register to enable the company’s management to extract various type of reports and maintain an affective control system over its fixed assets in addition to the ability of activating electronic bar code system to help in facilitating the periodical physical count procedures.

2) Secondment of professional accounting staff, Provide professional staff on secondment basis to work under the client full management and responsibility in order to assist the company’s personnel.

3) Recording the Statutory Books, provide professional assistance in maintaining the manual statutory accounting books in Arabic language as required by the relevant and regulations of Egyptian laws.

4) Provide professional assistancein special accounting assignment such as review of accounting plans

4) Provide professional assistancein special accounting assignment such as review of accounting plans, designing documentation cycle and establishment of inventory registers...etc.

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Outsourcing Services

Secondment Services

Statutory Books

Accounting Accounting Advisory Services Advisory Services

Provide professional assistance

Outsourcing Scope of Work

1) Design an appropriate chart of accounts considering the client nature and type of business and through that enable the company’s management to extract different type of financial reports satisfying its needs in order to assist in taking management decision in a proper time Also to facilitate extracting all financial reports will be required by the audit team management decision in a proper time. Also to facilitate extracting all financial reports will be required by the audit team or for tax inspection purposes.

2) Applying the above chart of accounts after obtaining the approval of the company’s management on the advanced accounting software package in use.

3) Reanalyzing, reclassifying and recoding the approved financial transactions (if needed) according to the chart of accounts and based on the appropriate supporting documents and the authorizations as per delegation of authorities accounts and based on the appropriate supporting documents and the authorizations as per delegation of authorities, recording the approved financial transactions, after investigating any inquiries in relation thereto with the concerned party in the company and in accordance with the Egyptian Accounting Standards and the company’s requirements.

4) Printing journal entry to be attached with the related supporting documents.

5) Allocating common costs at the percentage of allocation provided by the company’s management, to provide the company’s management with a proper analysis of various elements of that costs.p y g p p y

6) Maintaining a register of fixed assets to account for ongoing acquisition and disposal of fixed assets using excel sheet.

7) Recording periodically accruals and provisions based on the information provided by the company’s concerned parties.

8) Preparing Bank accounts’ reconciliations.

9) Preparing trial balance, balance sheet, income statements, and the related disclosures.

Outsourcing Deliverables

• Trial balance.

• Subsidiary ledgers.

• Bank Accounts reconciliation.

• Reports for accounts receivable and accounts payable.

• Inter-company accounts reconciliation.

• The register of fixed assets and accumulated depreciations.

• Balance sheet, income statement and related disclosures.

• Other reports are produced and customized according to

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Outsourcing Services

Secondment Services

Statutory Books

Accounting Accounting Advisory Services Advisory Services

Provide professional assistance

Fixed Assets Register scope of work

Provide professional assistance in preparing an ideal fixed assets register to enable the company’s

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management to extract various type of reports and maintain an affective internal control system over its fixed assets, in addition to the ability of activating electronic bar code system which helps in facilitating the periodical physical count procedures and save related cost which meet the company’s management requirements.

Fixed Assets Register Deliverables

• Chart of fixed assets classified to the company’s audited financial reportsChart of fixed assets classified to the company s audited financial reports

• Fixes assets register reveal the assets detailed information such as, assets categories, location, actual cost, periodical • depreciation, and net assets

• Physical count report

• Acquisition and disposal reports

• Register of fixed assets allocated to the company’s cost • Center or custody if available

Outsourcing Services

Secondment Services

Accounting Accounting

Fixed Assets Register

Statutory Books

Accounting Accounting Advisory Services Advisory Services

Provide professional assistance

Secondment of Professional Accounting Staff

As per our normal practice the seconded professional will be selected carefully in order to meet the client needs and expectations, we always make sure that he/she is competent, duly qualified, efficient and experienced to perform his/her accounting and reporting role in accordance with the Egyptian Accounting Standard and as required by the client rules and regulations.

The seconded staff carry out the accounting tasks that may assign to him and work under the client direct management and supervision.

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Secondment Services

Statutory Books

Accounting Accounting Advisory Services Advisory Services

Provide professional assistance

Statutory books scope of work

1) Tracing the opening balances in manual general journal book to the final audited financial statements received from The client's management

received from The client s management.

2) Obtaining monthly approved trial balance from The client's management as extracted from the company’s accounting system and translating the accounts’ titles in the approved trial balance into Arabic language for the purposes of the registration in manual general journal Book.

3) Assisting the client's management to classify the subsidiary accounts under each main account in order to meet the same classification of the final audited financial statements received from the client's

meet the same classification of the final audited financial statements received from the client s Management.

4) Assisting the client's management in entering the total monthly movement of each main account as per their approved trial balances to manual general journal book in Arabic Language as required by Egyptians’ Laws.

5) Matching the classification of the subsidiary accounts as per approved trial balances at the year end with final audited financial statements and identifying any differences in the classification and then assisting the client's management in entering the changes in the classification if any.

6) Assisting the client's management in entering the closing entry of the financial year.

7) Assisting the client's management in entering final audited financial statements in same format to manual inventory book in Arabic language as required by Egyptians’ Laws.

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Outsourcing Services

Secondment Services

Statutory Books

Accounting Accounting Advisory Services Advisory Services

Provide professional assistance

Provide professional assistance in special accounting assignment such as the following; • Reviewing of accounting plans,

• Designing documentation cycle Designing documentation cycle, • Designing accounting system, • Designing financial regulation, • Stock registers…etc.

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Bookkeeping Clients by industry

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Hazem Hassan

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B kk i Cli t b i d t Bookkeeping Clients by industry

Manufacturing and Trading

Oil Field services

Hotel, Tourism and communication

Banking and Financing

Constructions and contracting

Non

Non--Profit Organization

Profit Organization

Sporting

Bookkeeping Clients by industry

•Concord Int. - group of companiesg p p •Gulf Egypt for Hotel&Tourism •Iberdrola spain

•Arabian Food Supplies Company

•Besix/Orascom - group of companies

•Perfect Trading Inc.

•Johnson Controls Egypt Limited

•Bupa Egypt for Insurance SAE

•Sidi Krir - group of companies

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•Al Fahim Enterprises

•Gulf Beauty Egypt

•Paris Gallery Egypt

•BEBA Association

•I the Egyptian Association

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•Emaar Egypt

•Mckinsey Consultancy

•Nissan Motor Egypt

•Mercedes Benz Egypt

•Palm Hils Developments

•Vodafone Egypt

•Samsung Corporation

•BP Marketing Egypt

•Lahmeyer International

•Compaq Computers Egypt

•Citadel capital group

•Suzan Moubarek Hospital

•Enhancement for Serv.

•Al-Ahli Capital Holding Co.,

•Bonyan for Develop. & Trade

•Shakespeare Foundry Egypt

•National Oil Production Co.,

• Adidas Import & Export Ltd.

•L'Oreal Egypt LLC

•Flex P Films Egypt company

•IBM Egypt BS Services

•IBM Egypt WT Corporation

•British Charitable Fund – Cairo Mi bi hi P S

•Abu Seir Polo Lodge for hotel Co.,

•AVA S.P.A Egypt branch

•Philip Morris Egypt L.L.C

•Tenaris Egypt company

•Operation Smile Egypt

•Convergys Egypt LLC

•Smith International Corporation

•MAF Egypt

•Maf Hypermarkets

•Tecnomar Egypt Ltd

•Clintec international Ltd.

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•Mitsubishi Power Systems

•Al Tawfeek Leasing Company

•El Gouna Sports

•RW Armstrong - Egypt Branch

•Biodenta Egypt S.A.E

•El Sery Tourism Development V d f E

•Clintec international Ltd.

•El Sery Tourism Development

•Adidas sporting

•Soluziona Technical Services

•Global Peering Exchage

•Vodafone Egypt

•Mitsubishi Corporation

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Bookkeeping Team

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Hazem Hassan

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Ehab Akl CPA, FESAA

Position

KPMG Egypt Senior Partner – Advisory Services

KPMG MESA Regional Head of Accounting Advisory Services

Qualifications

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Certified Public Accountant - Illinois, USA .

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Member of American Institute of Certified Public Accountants

(AICPA)

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Fellow of the Egyptian Society of Accountants and Auditors (ESAA)

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Certified Egyptian Accountant (authorized for joint stock companies

and banks)

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More than 25 years of experience in providing wide range of services

including the following:

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Audit of Infrastructure Government and Healthcare (IGH) Banking

Experience

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Audit of Infrastructure, Government and Healthcare (IGH), Banking

and Finance, Investments Portfolio, Fund Management, Mutual

Funds, Insurance, Industrial Markets companies, trading and

consumer products.

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Financial Advisory Services (including transaction services, Due

Diligence Assistance)

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Risk Advisory Services (including Financial, controls and Admin

Diagnostic Studies, IFRS Conversion, business process

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improvements, internal audit, accounting advisory services)

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Lead and In-Charge Partner for Global, International and Key national

accounts

Sector

expertise

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Participated in setting the Egyptian accounting standard for insurance

and reinsurance companies and its implementation guide.

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Participated in the Egyptian insurance project, reform of the Egyptian

Insurance Supervisory Authority (EISA). Conducting financial

valuation. Performing Due Diligence Assistance. Preparing and

conducting tailored training courses including financial and managerial

accounting, CPA, Auditing, finance for non-finance managers and train

the trainers

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Ahmed Mansour

Position

Senior Manager in charge of Accounting Advisory Services

“Bookkeeping” department

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Bachelor of commerce , Accounting section, 1985 - Helwan University

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More than 20 years experience in providing Accounting Advisory

Qualifications

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More than 20 years experience in providing Accounting Advisory

Services in different accounting affairs and for many type of business

models.

Training courses:

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Egyptian and international accounting standards,

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Risk management,

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World bank Rules and regulations training course,

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Comprehensive Egyptian tax course.

Sector

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Ahmed has deeply experienced in establishing, controlling, and

managing financial departments in different and variable sectors and

business models such as the following ;

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Construction companies,

Sector

expertise

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Trading sectors,

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Services entities,

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Non-Profit Organization,

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Information technology,

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And industrial activities.

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Designing and preparing an appropriate chart of accounts for different

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Experience

type of business model, Designing the required documentation cycle ,

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Launching accounting software system,

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Designing and establishing Fixed Assets register and activating bar cod

system,

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Ensuring existence of proper internal controls,

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Keeping a close eye on all operating risks and ensuring safety of the

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company from any potential operating risks.

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Coaching accounting team,

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Training and building capacity and developing staff skills,

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Dealing with external entities such as: Banks, Insurance companies,

External Auditor , and Tax inspectors,

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Preparing and reviewing financial reports

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Contact information

In case of needing any type of this services please contact directly

Ahmed Mansour

Senior Manager in charge of accounting advisory services department

Mobile; 0122335702

Tel: (202) 35 36 2200/11 Ext. 1506

Fax:(202)35 36 2305/03

E-mail: [email protected]

KPMG Hazem Hassan

Pyramids Heights Office Park

Km 22 Cairo / Alexandria Desert Road

12556 Al Ahram

P.O.Box 48 Al Ahram

Giza - Cairo – Egypt

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Tel: (202) 35 36 2200/11

Fax: (202)35 36 2305/03

www.kpmg.com.eg

E-mail: [email protected]

Egypt Disclaimer

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.

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