Financial Controller’s Message
Francis Fernando
Financial Controller
Welcome to Australian Education Academy (AEA). The AEA has achieved extraordinary financial improvements since March 2010, with dedicated financial staff. Students who need to discuss their financial status can approach any one of our qualified accountants (We have four qualified accountants) at Springvale or Kensington campuses. Flexible payment plans can be organised at enrolment by talking to one of our accountants. As the Chief Financial Officer of AEA group of companies, I undertake following duties to continuously improve our financial status and hence having financial stability of the company:
Budgeting
Assisting CEO in the process of developing, reviewing and monitoring budgets and working closely with him to identify viable decisions.
Annual accounts
Lead on any recommendations that are given by the certified accounts. Act as the first point of contact for the auditors, and communicate with them to ensure all questions can be answered efficiently. Prepare the draft annual statutory accounts.
Management Support
- Ensure timely collection of fees and invoicing.
- Oversee payroll and tax contribution payments, in conjunction with company’s payroll.
- Support company’s improvements through the information and reporting process.
- Ensure that the company maximizes its income streams and minimize debts.
- Develop and maintain thorough financial procedures for the company.
- Ensure all finance records are kept accurately and securely and in line with legislative requirements
- Ensure financial policies are being adhered to as set out in the COMPANY financial guidelines.
Maintain effective working relationships with company’s stakeholders. Work towards the achievement of company’s short term and long term goals and company’s business plans.
Apart from above I also undertake the following tasks to improve AEA’s financial status:
- Attending board of director and management board meetings as CFO.
- Board report preparation and followup
- Relationship building internal and external to company.
- Managing the supply of information data to internal and external stakeholders
- Crafting of data collection
- Staff selection, ongoing assessment and training needs
- Annual Statutory accounts preparation and auditor appointment
- Taxation prepare /oversee Returns – Company – BAS – Withholding – FBT – GST – Land - Payroll Tax.
- Monthly management account preparation
- Annual, tri-annual budgets and rolling forecasts co-ordination, control and set-up
- Control cash and trade finance
- Institute costing system set-up
- General ledgers and subsidiary ledgers maintenance and set up
- Quality assurance creation monitor
- Trust accounting system development
