DUGU MATHIAS YONGBOMA
Accra
Summary
Results-driven finance and accounting professional with 15 years of experience managing audits, compliance, and finance operations across various industries. Adept at financial data handling, analysis, and evaluation for evidence-based decision-making. Proven ability to prepare financial statements, conduct financial analysis, and ensure regulatory compliance.
Overview
18
18
years of professional experience
Work History
Head of Budget and Final Accounts
Ghana Institute of Journalism
10.2021 - Current
- Prepared and issued accurate fee bills to students based on current fee structures
- Ensured timely and precise billing of all student accounts, incorporating adjustments for scholarships, financial aid, and other credits
- Processed and recorded payments, including checks, wire transfers, and electronic transactions, maintaining accurate financial records
- Compiled and analyzed monthly and annual financial reports related to student fees, including revenue forecasts and account summaries
- Delivered exceptional customer service by addressing inquiries from students and parents regarding fees, payments, and account balances
- Assisted in resolving billing discrepancies and making necessary account adjustments
- Collaborated with the Finance team to support budgeting and financial planning efforts related to student fees
- Supported internal and external audits of student fee accounts, ensuring all documentation and records were complete and accurate
- Prepared and produced timely and accurate financial statements, including balance sheets, income statements, and cash flow statements, in compliance with accounting standards and university policies
- Generated monthly, quarterly, and annual financial reports for internal and external stakeholders, ensuring precision and clarity
- Coordinated and assisted in the preparation of financial reports for audits and regulatory compliance
- Developed and maintained management accounts that provided a comprehensive overview of financial performance, including budgets, forecasts, and variances
- Prepared and analyzed management reports to support strategic planning and decision-making
- Monitored financial performance against budgets and forecasts, identifying trends, variances, and areas for improvement
- Conducted detailed financial analyses to aid in budgetary and financial decision-making
- Oversaw the accuracy and completeness of general ledger accounts
- Managed account reconciliations, including bank reconciliations, and resolved discrepancies promptly
- Assisted in internal and external audits by providing necessary documentation and explanations
- Developed and prepared annual budgets in collaboration with various departments and units, ensuring alignment with institutional goals and financial policies
- Gathered, consolidated, and analyzed budget data from different departments to create comprehensive and accurate budget proposals
- Led and directed budgeting and financial forecasting activities to ensure effective resource allocation for service delivery
- Monitored and analyzed performance against budget, preparing variance reports and recommending improvement measures to management
- Presented budget data to the Management and Budget Hearing Committee at the Ghana Tertiary Education Commission (GTEC)
- Developed financial forecasts and projections based on historical data and current trends, providing insights for strategic financial planning
- Prepared detailed budget reports and presentations for university management, including budget status, forecasts, and variance analysis
- Collaborated with finance team members and university departments to gather necessary financial data and support financial planning
- Tracked budget performance throughout the fiscal year, including actual expenditures versus budgeted amounts.
Section Head of Final Account and Budget
COMMUNITY SERVICE
10.2021 - Current
- The first author of a journal article on audit, auditor specialization and audit report lag: The case of companies listed on the Ghana Exchange, International Journal of Research in Accounting, finance and Management Sciences
- 10th June 2022
- The first author of a memo on the introduction of economics, finance and taxation courses for Trainee Journalist in UniMAC IJ, dated 19th June 2023
- The first author of a memo on the systematic challenges of the Students Information System: Implication, recommendations and Implementation Plan
- 10th May 2024
- The first author of a position paper on the role of financial penalties policy in preventing examination malpractice: the case of the University of Media, arts and Communication (UniMAC)
- 14th June 2024
- The first author a memorandum for implementing a transparent policy for fee adjustments due to academic session changes in the University of Media, arts, and Communication
- 15th June 2024
- Co-author of a memo on the financial evaluation of new academic programs using a structured approach or templates
- 9th July 2024.
Head of Finance and Administration
Spagad Technologies Limited
Accra
01.2021 - Current
- Led the preparation of the company's annual budget, focusing on cost control and efficient resource utilization
- Produced timely budget variance reports, analyzed variance causes, and recommended corrective actions
- Managed accurate invoicing of clients and reconciliation of ledger balances to minimize overdue debts
- Supervised general ledger management and bank account reconciliation
- Strengthened internal control systems to safeguard company resources
- Prepared and submitted management accounts and other monthly performance reports
- Coordinated with external auditors for company audits and implemented audit recommendations
- Maintained the Fixed Assets Register to ensure efficient asset utilization
- Managed, delegated, and supervised accounting and administrative staff
- Oversaw payroll management and timely payment of statutory liabilities
- Evaluated existing accounting systems and recommended improvements as needed.
Audit Manager
Eddie Nikoi Accounting Consultancy
Accra
07.2018 - 12.2020
- Developed and executed comprehensive audit plans and programs to address operational risks and evaluate controls, reducing clients' exposure to risk
- Identified audit risks, prepared detailed engagement work plans, and coordinated with management and audit teams to ensure timely and efficient audit execution
- Analyzed complex client issues and provided solutions that resolved problems and enhanced clients' business positions
- Recommended and implemented corrective actions to address business deficiencies and align with industry standards
- Thoroughly documented audit work to support audit evidence and underpin the final audit opinion
- Identified control gaps in processes, procedures, and systems through in-depth assessments, suggesting improvements for enhanced efficiency
- Addressed management control weaknesses and provided value-added recommendations for remediation
- Determined key financial and operational audit areas, optimizing the use of audit resources for maximum efficiency
- Managed and resolved tax issues, maintaining positive relationships with tax authorities and financial institutions
- Played a key role in developing audit plans to address and mitigate audit risks
- Accurately developed and documented audit work papers, providing robust support for audit observations and procedures
- Delivered well-organized and clear presentations of financial reports to the Board of Directors and other stakeholders
- Collected and analyzed financial data to identify areas for improvement and ensure statutory compliance
- Assessed accounting systems and policies for efficiency and effectiveness, recommending enhancements as needed
- Designed and implemented auditing programs to address risks and comply with regulatory requirements
- Created effective training techniques for Audit Trainees, facilitating quick learning and efficient use of audit resources
- Investigated fraud issues and provided timely, detailed reports to management
- Prepared management accounts, analyses, and commentaries to support client decision-making
- Identified and addressed duplicated and unproductive services within companies, recommending strategies for more efficient resource utilization.
Audit Senior
Diligence Consult
Wa, Ghana
02.2016 - 06.2018
Contributed significantly to the development of audit plans addressing audit risks.
Accurately developed and documented audit work papers supporting audit observations and performed tasks.
Delivered well-organized and comprehensible presentations of financial reports to the Board of Directors and other stakeholders.
Gathered and analyzed financial data to determine improvement efforts and ensure statutory compliance.
Evaluated accounting systems and policies for efficiency and effectiveness.
Developed auditing programs addressing risks and evaluating regulatory requirements.
Created effective training techniques, aiding audit trainees in rapid learning and adaptation, thereby conserving audit resources.
Investigated fraud issues and submitted timely reports to management.
Prepared management accounts, analyses, and commentaries to enhance client decision-making.
Identified duplicated and unproductive services within companies and recommended efficient usage of company resources.
Regional Internal Auditor
National Commission for Civic Education
04.2013 - 01.2016
- Conducted comprehensive operational, financial, compliance, and value-for-money audits, providing detailed reports and actionable recommendations to management and head office
- Authored high-quality management letters identifying areas for improvement and offering practical recommendations
- Demonstrated exceptional punctuality and maintained an outstanding attendance record, consistently arriving at work on time
- Led initiatives for operational improvements, resulting in significant cost savings, enhanced value-for-money, and increased operational effectiveness
- Resolved conflicts and negotiated mutually beneficial agreements with suppliers, ensuring favorable terms for the commission
- Developed and implemented a proactive risk management strategy, including a Risk Register, to address emerging risks and enhance internal controls
- Performed compliance-based audits using a risk-based audit testing methodology, delivering timely and high-quality audit reports
- Investigated allegations of fraud and presented comprehensive reports to management for appropriate action.
District Accounts Officer
NCCE, District
08.2007 - 03.2013
- Prepared and submitted Management and Annual reports to the Regional and Head Offices in a timely manner
- Successfully led initiatives to source funds from NGOs and individuals, ensuring proper accounting and utilization of the funds
- Developed and implemented budget and expenditure control measures, providing recommendations to meet financial targets
- Conducted cash flow forecasts, monitored expenditures, and performed variance analysis to identify areas for improvement
- Controlled expenses within budgetary constraints to ensure financial efficiency
- Identified and recommended key changes to internal control systems and accounting processes for enhanced accuracy and reliability
- Managed payroll reconciliation and maintained an updated list of vendors for competitive pricing
- Oversaw the integrity of the General Ledger and ensured accurate reconciliation of accounts for reliable reporting.
Storekeeper
PEPS
01.2007 - 08.2008
- Efficiently managed store operations, including the inventory and sale of materials
- Prepared detailed weekly and monthly reports to track inventory levels and sales performance.
Lead
01.2023
- Invigilator, 1st Semester, examinations
- Chief invigilator 2nd-semester examinations
- Chief Invigilator, 2nd semester 2024 examinations
Education
Master’s degree - accounting and finance
KNUST
11.2020
<ul><li>Chartered Accountant (CA) and Member of</li></ul> -
Institute of Chartered Accountants (ICAGH), ICAGH
11.2014
Diploma - Software Engineering and Data Base Management
IPMC
06.2006
Business Studies Certificate -
Skills
- Financial Reporting
- Budget Management
- Data Analytical Skills
- Regulatory Compliance
- Time Management
- Accounting
- General ledger reconciliation
Interests
- WORKSHOPS AND CONFERENCES:
- Participated in the one-week Institute of Chartered Accountants annual Conference 2022, held at Accra Fanstacy Dome under the team ----
- Participated in the one-week Institute of Chartered Accountants annual Conference 2023, held at Eusbert Hotel Sunyani under the team ----
- Participated in the one-week Institute of Chartered Accountants annual Conference 2024, held at Koforidua under the team
Timeline
Lead
01.2023
Head of Budget and Final Accounts
Ghana Institute of Journalism
10.2021 - Current
Section Head of Final Account and Budget
COMMUNITY SERVICE
10.2021 - Current
Head of Finance and Administration
Spagad Technologies Limited
01.2021 - Current
Audit Manager
Eddie Nikoi Accounting Consultancy
07.2018 - 12.2020
Audit Senior
Diligence Consult
02.2016 - 06.2018
Regional Internal Auditor
National Commission for Civic Education
04.2013 - 01.2016
District Accounts Officer
NCCE, District
08.2007 - 03.2013
Storekeeper
PEPS
01.2007 - 08.2008
Master’s degree - accounting and finance
KNUST
<ul><li>Chartered Accountant (CA) and Member of</li></ul> -
Institute of Chartered Accountants (ICAGH), ICAGH
Diploma - Software Engineering and Data Base Management
IPMC
Business Studies Certificate -
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