Project Overview

Case Study – Swimming Victoria

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  • Developing a detailed process that incorporates a review against actuals for previous month and a full year forecast review against budget
  • Improved the transparency over where transactions were being charged which has enhanced variance analysis for departments and jobs against budget
  • Developed a sensitivity analysis regarding the setting of fees and charges for the budget
  • Adding rigour to the setting of fees and charges by job which has enhanced decision making
  • Assisted in the management of accounting system to transition the business from a year end of April to June which required a 14 month financial year
  • Review set up of accounting systems to make sure full efficiency is being achieved
  • Established a business case to transition the business from MYOB to Xero which will enable the business to realise significant transactional processing savings the improved visibility of results and data across management and board level.
  • Correct management of payroll and BAS in non-standard areas such as termination payments of leave entitlements, fringe benefits, chattel leases, novated leases,etc.
  • Developed and documented several policies and procedures in relation to mitigation of risk and addressing items raised in the audit engagement letter
  • Processing of payments, purchase order approval, capital and asset management
  • Having the skills and experience to deliver the requirements and expectations from boards and committees
  • Assisting in the preparation of year end accounts to reduce the time required by external auditors and mitigate the risk of a qualified audit report
  • Implemented a thorough balance sheet reconciliation process that highlighted several accounting adjustments that were required to present an accurate set of financial reports to the management, committee and board (eg: year-end accruals and prepayments not brought to account, inventory items held on the balance sheet that had been used but not charged to the profit and loss.

Implemented a tracking system for processing eftpos transactions which has removed the manual entry into accounting system and removed the risk of charging customer the incorrect rate

Project Details

Date : July 13, 2013