Sumith Madhusanka Gunasena
Perth
Summary
Detail-oriented and results-driven Chartered Accountant with over 10 years of experience in accounting, auditing, taxation and company secretarial works. Expertise in financial reporting, tax planning, and compliance with IFRS. As an auditor proven track record in risk assessment, internal control evaluation, fraud detection and delivering precise and actionable audit reports. Strong analytical skills, adept at problem-solving and collaborating with cross-functional teams to drive organizational growth. Committed to maintaining the highest standards of integrity and professionalism.
Overview
11
11
years of professional experience
Work History
Account Assistant (Part Time)
East Midlands Control Penal Services Ltd
10.2023 - Current
- Maintaining accurate financial records and preparing financial reports, including monthly and annual accounts.
- Processing invoices, payments, and receipts and reconciling ledger accounts in a timely manner.
- Assisting with payroll processing (Maintaining employee time sheets)
- Assisting with VAT processing. (Preparing input and output VAT schedules)
- Proactively followed up on outstanding invoices and reducing overdue debts.
Auditor/Accountant
Gunasena Associates
08.2020 - Current
- Planning and executing External Audits (Manufacturing, Agriculture, Hotel and Restaurant, Construction, Trading, Real Estates, Not-for Profit & NGO).
- Maintaining accurate financial records and preparing financial statements and management accounts in accordance with the accounting standards.
- Preparing income tax and indirect tax computations (personal and corporate) and carrying out tax administration works.
- Involving in company registration and other secretarial workings.
Manager Assurance
Kreston Sri Lanka
10.2022 - 09.2023
- Planned and executed External Audit (Manufacturing, Agriculture, Hotel and Restaurant, Construction, Trading, Real Estates, Not-for Profit & NGO).
- Identified business process risks and evaluated the adequacy of controls through testing methods.
- Allocated resources and individuals for audits in accordance with audit plan.
- Developed recommendations and reports based on audit findings and communicated with audit clients.
- Reviewed workings of audit team and guided them to develop their profession.
- Computed income tax liability.
- Planned and executed engagements other than audit. (Review engagements, Due diligence and agreed upon engagements).
- Carried out business valuation (Net asset basis/Free cash flow method and P/E).
- Prepared financial statements, including consolidated financial statements in accordance with relevant accounting standards.
Manager Audit and Tax
Ranwatta & Co.
02.2019 - 03.2022
- Planned and executed External and Internal Audit (Manufacturing, Agriculture, Finance, Hotel and Restaurant, Construction, Trading, Real Estates and Non-profit organization & NGO).
- Identified business process risks and evaluated the adequacy of controls through testing methods.
- Developed recommendations and reports based on audit findings and communicated with audit clients.
- Reviewed workings of audit team and guided them to develop their profession.
- Computed income tax, VAT, NBT, PAYE, WHT of Companies/Individual and filing returns within timeframe.
- Involved in tax administration activities and provided relevant tax advices to clients and coordinated with Department of Inland Revenue.
- Carried out business valuation and due diligence engagements and reporting.
- Handled inventory/fixed assets verifications and relevant reporting.
- Prepared financial statements, including consolidated financial statements in accordance with accounting standards.
- Prepared products cost statements for new products.
Assistant Accountant
WAS Housing & Real Estates (Pvt) Ltd
06.2017 - 07.2018
- Maintained financial records and prepared monthly management accounts.
- Assisted in preparing annual and monthly budgets.
- Prepared project cost statements.
- Maintained real estate's stock.
- Coordinated with customers and sales team.
Audit Supervisor
Gajma & Co.
05.2015 - 05.2017
- Planned and Executed External and Internal Audit and verification (Manufacturing, Hotel and Restaurants, Finance, Agriculture, Constructions, Leisure, Trading, International trading and shipping, Non-Profit Organizations and NGO).
- Conducted inventory/Fixed asset verifications and prepared relevant reports.
- Prepared financial statements Including Consolidated financial Statements in accordance with the accounting standards.
- Reviewed workings of audit team and guiding them to develop their profession.
- Developed recommendations and reports based on audits and communicated with audit clients.
Accounts Trainee
Allianz Insurance Lanka Ltd
01.2014 - 04.2015
- Handled cash float and payment/receipt process in head office and branches.
- Prepared branch accounts and bank reconciliations.
Education
M Sc. - Professional Accountancy
University of Dundee
Membership -
Institute of Chartered Accountants of Sri Lanka
B Sc. - Business Administration
University of Sri Jayewardenepura
Membership -
Association of Chartered Certified Accountants (UK)
Skills
- Financial Reporting & Analysis
- Auditing & Assurance
- Taxation
- Accounting Software & ERP Systems
- Budgeting & Forecasting
- Business Valuation
- Attention to Detail
- Communication & Presentation
- Leadership & Team Management
Accomplishments
Best Student Award, 2024
University of Dundee
MSc in professional Accountacy
Languages
English
Advanced
C1
Timeline
Account Assistant (Part Time)
East Midlands Control Penal Services Ltd
10.2023 - Current
Manager Assurance
Kreston Sri Lanka
10.2022 - 09.2023
Auditor/Accountant
Gunasena Associates
08.2020 - Current
Manager Audit and Tax
Ranwatta & Co.
02.2019 - 03.2022
Assistant Accountant
WAS Housing & Real Estates (Pvt) Ltd
06.2017 - 07.2018
Audit Supervisor
Gajma & Co.
05.2015 - 05.2017
Accounts Trainee
Allianz Insurance Lanka Ltd
01.2014 - 04.2015
M Sc. - Professional Accountancy
University of Dundee
Membership -
Institute of Chartered Accountants of Sri Lanka
B Sc. - Business Administration
University of Sri Jayewardenepura
Membership -
Association of Chartered Certified Accountants (UK)