Administrative Consultancies & Economic Studies

Second: Preparing Financial Structure

Developing financial performance through enhancing the following secondary systems :

1-Developing financial accounts according to regulations to fulfill company’s needs by:

• Studying and evaluating accounting and financial systems recently applied in the company specifying how they are complied with Egyptian Law along with stating incompatibility and weakness points which may be found in those systems and how they meet management needs of financial data.
• Studying and defying needs of superior management of necessary data, reports that must be provided by the financial and accounting systems for planning and control purposes on company’s processes to maintain assets and proprietary besides needs of external authorities of accounting and financial data.
• Developing financial systems and documentary cycle through designing accounting and financial system along with integrated and recent documentary cycle complying with type of company’s activity to achieve flow of financial processes , perfect internal control and the aforesaid targets , the development process includes:
• Integrated book group adequate for company’sü activity.
• Designing suitable accounting guide
• Designing Documentaryü cycles
• Designing Documentary group
• Connect system of account with both systems of connection and balance

2-Development of internal control systems

Includes developing applicable methods and ways in the company to protect its assets and verification of the accuracy of accounting data. Enhancing effectiveness to implement operating processes complying with determined policies with purpose of:

• Maintain company’s assets
• Ensure accuracy of accounting dataNecessary for decision makingImprove productive efficiency for allCorporation’s processes to achieve target For least cost.

Through the following:

• Study internal control systems applicable in the company to recognize obstacles and – problems that Face the mangement
• Amend and develop the internal control systemü achieving control’s targets.
• Preparing directory of internal auditingü procedures.

3- Development of Warehouses System
Includes preparing an integrated system for company’s warehouses accounts that ensures firm control on the contents, warehouses’ account by system of accounts, limit the stagnant stock saving it against damage as well as preparing stock coding system. The system includes documentary cycle of relating process of selling, inspect and receipt of materials. It will be prepared as follows:

• Storage Definition
• Preparation of warehouses documentary cycle
• Preparation of warehouses records.

4- Cost System Development
Includes :

• Development company’s current cost system
• Designing directory of cost elements: materials , wages and services
• Designing directory of cost centers: cost, productive services and marketing services centers.
• Designing activity units directory
• Designing book groups and analytical records
• Developing cost system through
• Specifying standard and actual costs
• Specifying deviations between actual and standard costs
• Cost control aiming at consume costs without any positive influence on standard of works and services performance

5-Development of fixed assets system and under implementation projects
Includes:
Current assets system evaluation
Developing assets system through :

• Inventory of owned assets by the company
• Assets re-evaluation
• Undertake legal procedures to register company’s assets.
• Design system of account to manage company’s assets.

6-Development system of clients and revenues
Which aims at :

• Commercial connections among clients
• Ensure legal procedures to collect revenues
• Search for adequate alternatives to increase company’s revenues.

7-Development of reports system
This development aims at providing necessary data to serve planning purposes that help the management to make rational decisions at time, policies making, and administrative decisions which include:

• Reporting level of superior management
• Reporting executive categories.

8-Participating in preparation of planning balance of the company
In way that reflects real situations of the company to meet strategic targets, besides that it helps at purposes of controlling and planning.

9-System of connection Development
Which enables the company to regulate its external relations with contractors and suppliers in way that ensures company’s rights.

10- Analyzing company financial performance through

• Analyzing financial situation statement and income statement
• Determine liquidity indicators.
• Determine profitability indicators.

That aims at recognizing company’s financial situation, determining points of deficit trying to overcome them with target of limiting loss and searching for available alternatives to increase company’s revenues.