Manager Accounting

John L. Stevens

**** **** ***** **. *******, TX *7084 281-***-**** (H) 281-***-**** (Cell), *********@*****.***

Education

Master’s in Business Administration - Finance

Bachelor of Science - Accounting

University of Pennsylvania, Wharton School

Specialization Summary

International Finance FAS 133 Implementation Oil & Gas Accounting 98-10 to FAS 133 Transition

Contract Review Financial Reporting ASC 815 & Big 4 Audit Risk Management Compliance

820

Derivative Accounting Crude Oil Hedging System SOX Documentation, Testing,

Improvement/Conversion Remediation

Mr. Stevens is a Subject Matter Expert for Derivative Accounting and Reporting (FAS 133/157/161) (ASC 815 & 820)

and Sarbanes-Oxley documentation, testing, and remediation. He was able to reduce Accounting close time 50% in a

recent derivative assignment. He reduced Material Weaknesses from 18 to 1 by implementing a new control structure

in largest SOX assignment.

Employment History

Consulting Assignments 1997 - Present

Derivatives

• ASC 815, 820 Derivative Accounting and Reporting

• Substituted for Manager of Risk Accounting, Tempest

• Conversion from Hedge Accounting to MTM Accounting

• System conversion which reduced Accounting Time 50%

• Trained client to account for derivatives using new system

• Evaluated Futrac, Kiodex, R^2 and Platts M2M as replacement for SecDB.

• Tested for ineffectiveness and performed correlation analysis to confirm continuing effectiveness.

• Prepared Derivative disclosures in 10Q/10K. Implemented ASC 820.

• Interpretation of Clearly and Closely Related in Normal Contracts.

• Responsible for implementation steps to comply with the rescission of EITF Issue 98-10 and the

implementation of EITF Issue 02-03.

• Document procedures for netting assets and liabilities by counter-party.

• Assisted in determination of inventory valuation adjustment (Cumulative Effect of a Change in Accounting

Principle).

• Implement SunGard FAS 133 module for hedging storage and Gas

• Developed FAS 133 compliant documentation for hedging activity which was accepted by Client’s auditors

KPMG

• Reviewed outstanding contracts to identify derivatives and embedded derivatives.

• Trained Accounting Manager to properly account for derivatives in accordance with FAS 133

• Assisted D&T team in developing accounting alternatives under FAS 133.

• Developed with IT a FAS 133 Contract Data Base.

• Ensured daily hedging activity was in compliance with Risk Management Guidelines.

• Developed spreadsheets summarizing daily P/L of hedging activity.

• Coordinated settlements of hedging instruments.

Derivatives - Clients

Tesoro Corporation, San Antonio, TX

Constellation Energy Partners, Houston, TX

Nippon Oil USA, Houston, TX

Xcel, Denver, Colorado

Bill Barrett, Denver, Colorado

Duke Energy, Houston, Texas

Dynegy, Houston, Texas

Sempra Energy Solutions, San Diego, California

Reliant Resources Inc. – Wholesale, Houston, TX

American National Power - Power Generation and Sales, Houston, TX & Marlborough,

Mass.

Itochu International Inc. - Gasoline Blending and Refined Product Sales (Houston, TX)

Shell Energy Services Co. - Retail and Commercial Sales of Natural Gas in Georgia and

Ohio (Houston, TX)

Consulting Assignments

Sarbanes – Oxley

• Sarbanes-Oxley 404 –Testing

• Sarbanes-Oxley 404 – Documentation and Testing

• Sarbanes – Oxley 404 IT Testing

• Team Leader – Reduced Material Weaknesses from 18 to 1

• Trained client to perform testing

• Documentation of internal controls and identification of internal control gaps and their remediation

Sarbanes - Oxley – Clients

Rowan Companies, Houston, TX

Global Industries, Houston, TX

SIRVA, Inc., Chicago, IL

Input/output, Inc., Houston, TX

Baker Hughes, Houston, TX

Verisity Design Ltd., Mountain View, CA

Phoenix Technologies Ltd., Milpitas, CA

ConocoPhillips, Houston, Texas

Permanent Positions

JIMCO Oil Company, Jacksonville, FL 1991 - 1997

Owner & Finance Manager

The Charter Company, Jacksonville, FL

Oil Production, Refining, Marketing 1972 - 1991

• V.P. - International & Joint Venture Representative

• Manager of Cash Forecasting - Treasury/Finance Department

• Treasurer of Exploration and Production Subsidiary

• Senior Analyst - Corporate Planning & Development Department

• Financial Analyst - Corporate Treasurer Division

Ernst & Young, New York, NY 1970-1972

Audit Staff

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