Summary
Overview
Work History
Education
Skills
Websites
Other Experiences
Conferences Seminars Workshops C P Ds
Personal Information
References
Timeline
Generic
Paul Toku Appiatu

Paul Toku Appiatu

Finance Professional
Vejle

Summary

I am a Finance Professional with over fourteen (14) years of working experience in different financial and accounting roles. I am a Chartered Certified Accountant and hold a Master's Degree in Accounting and Finance. I am happily married with three children, and we are currently residing in Denmark permanently. I have a valid danish driving license which enables me to drive in and out of Denmark. I have considerable understanding in the International Financial Reporting Standard (IFRS) and International Public Sector Accounting Standards, IPSAS as well as the use of Enterprise Resource Planning Software. Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy. A hardworking and passionate job seeker with strong organizational skills eager to secure an entry-level finance professional role. Ready to help the team achieve company goals. To seek and maintain full-time position that offers professional challenges utilizing interpersonal skills, excellent time management and problem-solving skills. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals. A hardworking and passionate job seeker with strong organizational skills eager to secure a Finance Professional position in the field of Accounting and Finance. Ready to help team achieve company goals.

Overview

17
17
years of professional experience
9
9
years of post-secondary education

Work History

HEAD OF BILL PAYABLE UNIT

Directorate of Finance, University of Cape Coast Ghana
01.2015 - 06.2016
  • Prepared all Payment Vouchers of the Central Administration of the University
  • Retired on timely basis all Special Advances and Imprests granted to other institutions and individual officers
  • Reconciled, on timely basis, suppliers’ statements and kept a register for all payments made by the University
  • Trained new staff assigned to the Unit
  • Supervised staff of the Unit under my jurisdiction
  • Monitored and reviewed overall bills payables of the Institution
  • Key Contributions: Created, launched, and implemented payment plan within organisation to alleviate cash flow challenges
  • Identified and resolved a major operational and financial risks that prevented a major reputational damage within the organisation by critically reviewing contract documents
  • Instrumented for the first-time adoption of Automated Accounting Software, Enterprise Resource Planning, at the Account Payable Unit by providing clear guidelines and relevant information to the software developers.

Director of Finance

Topaz APS
08.2023 - 12.2023
  • Oversees the financial operations of the company, including financial planning, budgeting, forecasting, and reporting
  • Managing the accounting functions, ensuring accurate and timely recording of financial transactions and compliance with accounting principles and regulations
  • Developing and implementing financial policies, procedures, and controls to safeguard the company’s assets and ensure financial transparency and accountability
  • Providing strategic financial analysis, insight, and recommendations to support the decision-making and drive business performance
  • Collaborating with other departments and stakeholders to develop and evaluate business plans, investment proposals and financial strategies
  • Monitoring and analysing key financial metrics and performance indicators, identifying trend, risk, and opportunities, and proposing strategies
  • Managing relationships with financial institutions., auditors and other stakeholders ensuring compliance with legal and regulatory requirements


ACCOUNTANT (Senior Management Member)

School of Allied Health Sciences of the College of Health & Allied Sciences, University of Cape Coast Ghana
01.2016 - 01.2019
  • Prepared and Presented Financial Statements in accordance with International Financial reporting Standards (IFRS), and directly reported to the Management Board
  • Prepared and Processed Payment Vouchers and issued Official Receipt for monies received
  • Prepared Cashbooks and Bank Reconciliation Statement on monthly basis, and acted promptly on any discrepancies identified
  • Posted on monthly basis all Journal Entries
  • Provided guidance and assisted in the preparation of Annual Operational Budget and Procurement Plan
  • Prepared and submitted to the Director of Finance Statutory monthly Returns (VAT Returns, Expenditure Returns, etc)
  • Prepared Performance Report on quarterly basis for effective use by Management for decision-making purposes
  • Provided effective guidance and best Cash Management Practice to ensure better use of our liquid resources
  • Responded effectively to all internal and external audit queries
  • Ensured all payment vouchers and receipt books, assets registers and other necessary documentations are properly registered, stored and filed and in a retrievable form
  • Performed, on quarterly basis, Inventory or (Stock) taking of all inventories at the Store, and reconciled the physical inventory with the Stock Sheet
  • Ensured that Departmental Heads comply with the statutory procurement policies and procedures of the Public Procurement Policy of Ghana.

AUDIT ASSISTANT-PART TIME (PRACTISING ASSISTANT ACCOUNTANT)

Oduro-Donkor and Sons, Chartered Accountants and Registered Auditors
01.2016 - 01.2018
  • Auditing of Small Companies Accounts
  • Preparation of Value Added Tax
  • Key Contributions: Reduced operational cost by 15% by introducing expenditure control measures and provided additional revenue mobilization scheme for the Institution
  • Improved business productivity by 18% by analysing and monitoring all activities of the Cash Generating Unit (Eye Clinic) within the institution.

HEAD OF ACCOUNTS

Faculty of Education, University of Cape Coast Ghana
01.2011 - 01.2014
  • Prepared and submitted, on annual basis, a Consolidated Financial Statements of the Units under the Faculty to the Management of the University
  • Prepared and Processed Payment Vouchers and issued Official Receipt for monies received
  • Prepared Cashbooks and Bank Reconciliation Statements, on monthly basis, for the 13 Departments under the Faculty
  • Posted, on monthly basis, all Journal Entries of the Faculty
  • Provided guidance and assisted the Heads of Department in the preparation of Annual Operational Budgets and Procurement Plans
  • Prepared and submitted to the Director of Finance Statutory Monthly Returns of the Faculty
  • Prepared Performance Report of individual Department on quarterly basis for effective use by Management for decision-making purposes
  • Provided effective guidance on best investment vehicle to ensure better use of our idle liquid resources
  • Responded effectively to all internal and external audit queries as pertains the Financial Statements
  • Ensured all Payment Vouchers, Receipt Books, Value Books and other necessary documentations are properly registered, stored and filed, and in a retrievable form when needed
  • Performed, on quarterly basis, Inventory or (Stock) taking of all inventories at the various Stores of each Department, and reconciled the physical inventories with the Stock Sheets
  • Ensured that Departmental Heads comply with the statutory procurement policies and procedures of the Republic of Ghana under Public Procurement Act 663 of Ghana
  • Supervised and trained Account Staff of the Faculty on regular basis
  • Reported and Accounted for the all the Government of Ghana’s Subventions received periodically


Key Contributions:

  • Ensured a strict budget compliance which resulted in huge savings to the tune of 12% of the Faculties annual Income as well as ensuring prudent cash flow management
  • Created and implemented a financial strategy for managing and resolving an age-old misunderstanding between management and staff.

PRINCIPAL ACCOUNTING ASSISTANT

Institute for Educational Planning & Administration/School of Graduate Studies & Research, University of Cape Coast, Ghana
01.2007 - 01.2011
  • Prepared and Presented Financial Statements of the Institute to the Governing Board
  • Prepared and Processed Payment Vouchers and issued Official Receipt for monies received
  • Prepared Cashbooks and Bank Reconciliation Statement on monthly basis and acted promptly on any discrepancies identified
  • Posted on monthly basis all Journal Entries
  • Provided guidance and assisted in the preparation of Annual Operational Budget and Procurement Plan
  • Prepared and submitted to the Director of Finance monthly Statutory Returns
  • Prepared Performance Report on quarterly basis for effective use by Management for decision-making purposes
  • Provided effective guidance and best Cash Management Practice to ensure better use of our liquid resources
  • Responded effectively to all internal and external audit queries
  • Ensured all payment vouchers and receipt books and other necessary documentations are properly registered, stored and filed and in a retrievable form
  • Performed, on quarterly basis, Inventory or (Stock) taking of all inventories at the Store, and reconciled the physical inventory with the Stock Sheet
  • Ensured that the Institute complied with the statutory procurement policies and procedures of the Public Procurement Policy of Ghana
  • Project Management; Accounted and reported on Donor-funded project between the Institute and Cambridge Educational Trust, United Kingdom (CET)


Key Contributions:

  • Directed overall externally funded collaborative project activities through the efficient co-ordination process between the Institute and Netherland NPT/ University of Cambridge, UK
  • Conducted and managed international donor funding project by delivering support to the Director of the Institute.

Education

MSc. Econ. and Business Administration (Cand. merc. Accounting and Finance) - Econ. & Business Administration-Accounting&Finance

Syddansk Universitet( Univ. of Southern Denmark)
Odense,Denmark
01.2021 - 12 2023

Chartered Certified Accountant (Association of Chartered Certified Accountants, ACCA) - undefined

United Kingdom
01.2011 - 12 2015

Bachelor of Commerce - Accounting And Finance

University of Cape Coast, Ghana
Cape Coast Ghana
1 2000 - 12 2004

West African Senior Secondary Certificate Examination (WASSCE) - undefined

Ghana
01.1996 - 12 1998

Fellow Member of the Association of Chartered Certified Accountants, ACCA UK - undefined

01.2015 - Current

Skills

Strategic Planning & Implementationundefined

Other Experiences

  • Warehouse Operative, United Parcel Service (UPS), Vejle, Denmark, 2019-01-01, 2021-12-31
  • Financial Accounting Instructor, Sammy Otoo Senior High School, Cape Coast, Ghana, 2005-01-01, 2006-12-31

Conferences Seminars Workshops C P Ds

  • International Conference, Cairo, Egypt, 12/04/17, 12/08/17
  • The Danish Tax System Seminar, Odense, Denmark, 12/04/19, 12/04/19
  • ACCA/KPMG "Corporate Governance Training", Accra, Ghana, 10/25/16, 10/26/16
  • CPD Seminar on “Introduction to Financial Modelling”, 05/19/16, 05/19/16
  • Participant for ICA (Ghana) Conference on Update of International Financial Reporting Standard (IFRS) in Ghana, Ghana, 06/22/11, 06/23/11
  • Participant in a Two-Day Sensitisation & Training Workshop on NEPAD, African Peer Review Mechanism (APRM), Cape Coast, Ghana, 11/02/09, 11/03/09
  • Participant for Second Retreat for University Accountants, Obuasi, Ghana, 05/13/09, 05/15/09

Personal Information

  • Date of Birth: 08/19/79
  • Gender: Male
  • Marital Status: Married

References

References would be provided upon request.

Timeline

Director of Finance

Topaz APS
08.2023 - 12.2023

MSc. Econ. and Business Administration (Cand. merc. Accounting and Finance) - Econ. & Business Administration-Accounting&Finance

Syddansk Universitet( Univ. of Southern Denmark)
01.2021 - 12 2023

ACCOUNTANT (Senior Management Member)

School of Allied Health Sciences of the College of Health & Allied Sciences, University of Cape Coast Ghana
01.2016 - 01.2019

AUDIT ASSISTANT-PART TIME (PRACTISING ASSISTANT ACCOUNTANT)

Oduro-Donkor and Sons, Chartered Accountants and Registered Auditors
01.2016 - 01.2018

HEAD OF BILL PAYABLE UNIT

Directorate of Finance, University of Cape Coast Ghana
01.2015 - 06.2016

Fellow Member of the Association of Chartered Certified Accountants, ACCA UK - undefined

01.2015 - Current

HEAD OF ACCOUNTS

Faculty of Education, University of Cape Coast Ghana
01.2011 - 01.2014

Chartered Certified Accountant (Association of Chartered Certified Accountants, ACCA) - undefined

United Kingdom
01.2011 - 12 2015

PRINCIPAL ACCOUNTING ASSISTANT

Institute for Educational Planning & Administration/School of Graduate Studies & Research, University of Cape Coast, Ghana
01.2007 - 01.2011

West African Senior Secondary Certificate Examination (WASSCE) - undefined

Ghana
01.1996 - 12 1998

Bachelor of Commerce - Accounting And Finance

University of Cape Coast, Ghana
1 2000 - 12 2004
Paul Toku AppiatuFinance Professional