Manager Process

WILLIAM V. MCGOUGH

*** **** ***** **

Morganton, NC 28655

828-***-**** *********@*****.***

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PROFILE

Senior financial manager with broad experience in financial reporting, cost

accounting, the general ledger, and financial analysis, along with a strong

commitment to the team environment dynamics. Extensive experience in

providing financial direction and actionable analysis to the management

team and effectively managing the accounting process.

EXPERIENCE

STANLEY FURNITURE (Robbinsville, NC)

2009 - 2010

Plant Controller, Young America

. Developed and implemented a daily summary to management team

highlighting the previous day's results for packed and assembled

production value and mix, labor cost, and lumber yield compared to

forecast.

. Analyzed weekly cost and labor efficiencies against forecast,

developed process to distribute weekly costs along with detailed

supply costs to all production supervisors.

. Improved accuracy of process to determine production material

variances by category and expanded process to be able to summarize

variances by cutting.

. Streamlined process to book journal entries of plant expenditures and

variances.

COCHRANE FURNITURE (Lincolnton, NC)

2008

Plant Controller

. Analysis of inventory resulted in discovering errors in identifying

quantity per carton on certain items and a $378K write up of

inventory.

INDUSTRIAL DISTRIBUTION GROUP (Belmont, NC)

1997 - 2008

Corporate Controller (2006-2008)

Southern Region Controller (1998-2006)

Controller, Dixie Industrial Supply (1997-1998)

. Three times directed the consolidation of multiple accounting groups

with different chart of accounts and different computer systems onto

one ERP system with no significant issues.

. Developed standard reconciliation templates for all balance sheet

accounts and initiated a process to have all significant balances

reconciled and reviewed prior to closing the month.

. Initiated with the warehouse manager a warehouse cycle count program

for all inventory which allowed us to switch from conducting annual

physical inventories to cycle counts in satisfying the audit

requirements. This also improved the accuracy of the inventory and

the fill rate.

. Initiated activity based costing allocation methodology allowing

management to better understand the profitability of all reporting

units.

. Implemented changes to the accounts payable process which resulted in

improved input accuracy along with a $1.2MM cost savings.

. Developed metrics for the accounting function to better measure

process performance.

. Major contributor to the initiation of the Sarbanes-Oxley process for

the division. External auditors had no significant issues with any of

the accounting processes.

. Initiated an AR incentive plan which helped reduce the DSO from 47

days to 40 days.

. Initiated a budgeting process where none previously existed.

HENREDON FURNITURE INDUSTRIES (Morganton, NC)

1989-1997

Controller

. Improved cost system to better determine origin of production

variances.

. Implemented a budgeting process where none previously existed.

. Revised month end close process to reduce the time required by 3 days.

Implemented monthly variance analysis for manufacturing performance

and spending.

TRW - Resistive Products Division (Boone, NC)

1980-1989

Operations Controller

EDUCATION

MBA University of South Carolina (Columbia, SC)

Master of Mathematics University of South Carolina (Columbia,

SC)

BA (Business administration and mathematics, double major)

LaGrange

College, LaGrange, GA

CERTIFICATION CMA (Certificate of Management Accounting) - Inactive

AFFILIATIONS IMA (Institute of Management Accountants)

IT SKILLS JD Edwards, AS400, NxTrend, MS Excel, MS

Word

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