Tomeletso Viola Makhunamisha
Centurion
Summary
The objective is to establish a career in the financial or audit sector. To be part of esteemed organization that will nourish my talent within and mutually grow to realize great targets. A position in the finance unit where extensive quantitative analysis skills, knowledge and experience can be effectively utilized and enhanced.
Overview
17
17
years of professional experience
Work History
Accountant
City of Tshwane Metropolitan Municipality
09.2014 - Current
- Maintaining and updating of fixed asset register with all changes and perform annual verification of assets
- Assist with reviewing of useful life of asset of municipality
- Assist with monthly balancing asset general ledger account with fixed asset register
- Ensure that prescribed asset policy and procedures are correctly applied.
- Acts as a liaison between finance and other areas of the business relating to assets.
- General fixed asset register maintenance.
- Creation of both immovable and movable assets shells based on the approved structure.
- Approving capital expenditure projects and ensuring that they are within the approved budget limits.
- Monthly reconciliation between the Fixed Asset Register and General Ledger Control Accounts.
- Monthly reconciliation of the Assets Under Construction in conjunction with Project Systems
- Perform ad hoc tasks as and when required to do so by the Director: Asset Accounting
- Draw monthly Assets Under Construction report
- Capitalisation of moveable and immoveable Assets on SAP
- Ensuring the manual settlement of movable work breakdown structure on SAP
- Ensuring the accurate approval of work breakdown structures of projects in terms of MSCOA classes to be created by Project System.
Senior Accountant
Morar Incorporated
05.2013 - 08.2014
- Contribution to the organisational goal by preparing and analysing financial reports for management review, decision-making, performance management and control.
- My role as a senior accountant entails identification and resolving of all auditing and accounting issues arising during the audit execution, as well as guiding trainee accountants in their development and their abilities and manages the complete day-to-day running of the audit whilst maintaining client relations on behalf of my audit manager and team.
- My duties and responsibilities based on both internal and external audit services rendered to public entities, department and local government and consulting work.
- Perform Auditor’s general regulatory audit at Department, Local government and Public entities
- Internal controls related to revenue review for the accounting operations in the organisation.
- Assets management (ensuring that fixed asset register is updated)
- Compile the Annual financial statement of local government
- Provide both management and the audit committee with an opinion on the internal controls for the different clients
- Work with management to ensure a system is in place which ensures that all major risks of the organizations are identified and analysed, on an annual basis.
- Preparation of financial statements in compliance with international financial reporting standards(IFRS)
- Perform follow-up on management responses to audit reports to ensure appropriate action has been taken to mitigate against risks reported.
- Preparation of risk effective audit programmes that add value to operations of companies/government departments
- Documenting system descriptions and process flows for audit engagements.
- Work closely with clients and staff to develop client and project risk assessments, implement opportunities, and recommendations regarding business and IT process optimization, internal control, and compliance
- Coordinate coverage with the external auditors and ensure that each party is not only aware of the other's work but also well briefed on areas of concern.
- Prepare a control environment with enhanced controls implemented through a control framework, process narratives, control objectives and key internal controls.
- Review previous audit queries and assess whether the municipality has adequately addressed any issues raised by the Auditor- General. If previous audit queries have not been adequately addressed, assist the municipality to draft an action plan to deal with the queries
- Train staff in maintaining registers and preparing all reconciliations.
- Reason for leaving: The work was on contract no renewal of the contract or provided with permanent job.
Trainee Accountant/Audit Senior
Ramathe Chartered Accountant CA (SA)
09.2008 - 04.2013
- Contribution to the organisational goal by preparing and analysing financial reports for management review, decision-making, performance management and control.
- My role as an audit senior entails identification and resolving of all auditing and accounting issues arising during the audit execution, as well as guiding trainee accountants in their development and their abilities and manages the complete day-to-day running of the audit whilst maintaining client relations on behalf of my audit manager and team.
- My duties and responsibilities based on both internal and external audit services rendered to public entities, department and local government and consulting work.
- Perform Internal audit at Public entities and department
- Perform Auditor’s general regulatory audit at Department, Local government and Public entities
- Compile the vat returns for Small medium Enterprise (SMME’s)
- Perform the trust audit and draft a report to the Law society.
- Compile the Annual Financial Statements for Small medium Enterprise (SMME’s).
- Reviewing outstanding payments monthly, questioning amounts which have been outstanding for very long
- Checking of payment schedules for duplicate payments
- Monthly reconciliations of revenue, account receivable as well as other expenditure and account payable
- Regular clearing of suspense account
- Management of the municipality budget and control the CAPEX budget including the allocation thereof.
- Checking that expenses have been allocated to the correct ledger accounts.
- Management of payment initiation, allocation and classification of payment to the correct accounts
- Follow up on all internal and external audit finding and ensuring that all issues raised during the audit are fully addressed
- Assisting the manager with the financial year end and with the auditors
- Preparation of journals and capture them on the system.
- Internal controls related to revenue review for the accounting operations in the organisation.
- Assets management (ensuring that fixed asset register is updated)
- Compile the Annual financial statement of local government
- Provide both management and the audit committee with an opinion on the internal controls for the different clients
- Work with management to ensure a system is in place which ensures that all major risks of the organizations are identified and analyzed, on an annual basis.
- Preparation of financial statements in compliance with international financial reporting standards (IFRS)
- Perform follow-up on management responses to audit reports to ensure appropriate action has been taken to mitigate against risks reported.
- Preparation of risk effective audit programmes that add value to operations of companies/government departments
- Analysing of audit programs for risk-based effectiveness and appropriateness and design and implement changes where necessary.
- Documenting system descriptions and process flows for audit engagements.
- Work closely with clients and staff to develop client and project risk assessments, implement opportunities, and recommendations regarding business and IT process optimization, internal control, and compliance
- Report to both the audit committee and management on the policies, programs and activities of the clients.
- Coordinate coverage with the external auditors and ensure that each party is not only aware of the other's work but also well briefed on areas of concern.
- Achievement: Reconstruction of the organisation fixed asset register and implementation of disposal for all redundant and non- existence assets during 2010, and compilation of the Annual Financial Statements.
- Reason for leaving: I needed to be challenged to develop my potential further. I'm interested in additional responsibility and new opportunity, which unfortunately were limited at Ramathe CA (SA).
Education
Short Course - Asset Management and GRAP Asset Accounting
01.2024
Certificate - Municipal Financial Management
01.2022
Postgraduate Diploma - Internal Audit, Advanced Internal Audit Practice, The Internal Auditor’s Responsibility in Governance, Risk Management and Control, Advanced Internal Audit Applications, Information Strategy, Strategic Management
University of South Africa (UNISA)
01.2016
Bachelor of Commerce - Accounting, Financial Accounting I, II & III, Taxation III, Auditing II, Management Accounting III
University of Free State
01.2007
Grade 12 -
Bethel High School
01.2002
Skills
- People soft
- SA-SAMS
- Team-mate Audit Software
- Microsoft Word
- Microsoft Excel
- PowerPoint (basic)
- SAP
- Internet
- Microsoft outlook
- Smart report writing
- International Accounting Standards (IAS)
- International Financial Reporting Standards (IFRS)
- Generally Recognised Accounting Practice (GRAP)
- International Standards of Auditing (ISA)
- Public Finance and Management Act (PFMA)
- Treasury Regulations
- Municipal Finance and Management Act (MFMA)
- Supply Chain Management Framework
- Procurement Policy framework Act
- PPPF Act
- BBBEE Act
- CIDB Act
- Public Service Act (PSA)
- Public service Regulations
- Basic conditions of Employment Act
- Risk Framework
- Risk based internal and external auditing theory
- Practical techniques
- Communication skills
- Forward planning
- Setting proper priorities
Custom Section
Good
Personal Information
- ID Number: 8506161016082
- Disability: None
- Ethnicity: African
References
- Miss Ntombokolo Gangathela, Deputy Director Assets Compliance, 0736474715, 0123588676, City of Tshwane
- Mrs. Tebogo Makhafola, Functional Head Assets Compliance, 08284733050, 0123583763, City of Tshwane
- Mrs Puleng Khaha, Financial Reporting Consultant, 0834486695
Timeline
Accountant
City of Tshwane Metropolitan Municipality
09.2014 - Current
Senior Accountant
Morar Incorporated
05.2013 - 08.2014
Trainee Accountant/Audit Senior
Ramathe Chartered Accountant CA (SA)
09.2008 - 04.2013
Short Course - Asset Management and GRAP Asset Accounting
Certificate - Municipal Financial Management
Postgraduate Diploma - Internal Audit, Advanced Internal Audit Practice, The Internal Auditor’s Responsibility in Governance, Risk Management and Control, Advanced Internal Audit Applications, Information Strategy, Strategic Management
University of South Africa (UNISA)
Bachelor of Commerce - Accounting, Financial Accounting I, II & III, Taxation III, Auditing II, Management Accounting III
University of Free State
Grade 12 -
Bethel High School