I am a highly skilled accounting professional with experiences in SEC reporting, ASC 606 and 605 software revenue recognition, technical accounting, Sarbanes-Oxley compliance, internal and external audit and Big 4 experience.
Director of Revenue Recognition
Oracle Corporation (Oracle purchased MICROS Systems in 2014) 2016 – July 2019
$40 billion global computer technology company
Implemented the ASC 606, “Revenue From Contracts With Customers,” in June 2018.
Review executed significant, complex multi-element revenue generating contracts (on-premise license, SaaS, PaaS, IaaS, Hardware, consulting services and support) to endure revenue is recognized in compliance with the accounting standards (previously ASC 605 and ASC 606 since June 2018).
Effectively business partner with internal stakeholders on significant, complex multi-element revenue generating contracts from negotiation to execution to ensure all potential revenue recognition issues are identified and to provide guidance and recommendations to address revenue recognition issues.
Assist in the audit process to ensure that the Company’s revenue recognition policies are in compliance with accounting guidance and ensure adequate controls are in place to mitigate all significant reporting risks.
Provide guidance to internal stakeholders in terms of the new accounting standard ASC 606 and revenue implication of Oracle non-standard contractual terms.
Provide internal training on revenue recognition.
Coach, train, support and manage remote Revenue Recognition staff.
Director of External Reporting
Oracle Corporation (MICROS Systems, Inc.) 2005 – 2016
Prior to being acquired by Oracle Corporation in September 2014, MICROS Systems, Inc. was a global technology leader to hospitality and retail industry, providing software, hardware and services, with $1.4 billion in revenue.
As a key team member of the merger team on MICROS side for Oracle’s $5.4 billion acquisition of MICROS in September 2014, responsible for all acquisition related SEC filings, due diligence and integration.
Full responsibility for the preparation of all SEC filings, including Forms 10-K, 10-Q, Proxy, 8-K, S-8 and acquisition related filings.
Full responsibility for XBRL taxonomy tagging of financial statements and related footnote disclosures for Forms 10-K and 10-Q filing. By bringing the XBRL taxonomy tagging, Edgar and SEC filing process in-house and successfully implementing the process, shorten the quarterly and annual SEC filing timelines by full 2 plus days and enabled the management to make necessary last minute changes to the filings.
Responsible for the management of the external auditors’ quarterly review and annual audit procedures.
Full responsibility for global revenue recognition. As the Company’s software revenue recognition expert, reviewed and addressed proper accounting of all major revenue transactions, provided technical guidance to the CFO, regional CFOs and global financial controllers, implemented new revenue recognition rules globally and trained financial controllers, participated in major customer contract negotiations to identify and address potential revenue recognition issues, performed and/or reviewed global Vendor Specific Objective Evidence (VSOE) analyses.
Full responsibility for the review and implementation of new accounting guidance.
Full responsibility for the research, preparation of analysis and documentation of all technical accounting transactions, such as pension, Supplemental Executive Retirement Plan (SERP), intangible valuation and impairment analysis, annual goodwill and impairment analysis, annual segment analysis and purchase accounting.
As a key team member of MICROS’ acquisition of Torex, a $258 million acquisition, responsible for revenue recognition, intangible valuations, pension accounting, purchase accounting and post-acquisition integration.
Responsible for reviewing the monthly, quarterly and annual regional and consolidated financial results and discuss variances from period to period and expectations.
Full responsibility for the global design, implementation and monitoring of internal control procedures as required under the Sarbanes Oxley Act.
Full responsibility for the management of the external auditors’ and internal auditors’ annual review and testing of global 404 internal controls.
Global lead for Oracle R12 system integration of revenue recognition process.
Associate Director of Accounting
Guilford Pharmaceuticals Inc. Jan. 2005 – Oct. 2005
Prior to being acquired by MGI Pharma, Inc. in October 2005, $48 million pharmaceutical company engaged in the research, development, and commercialization of proprietary pharmaceutical products for the hospital and neurology markets.
Full responsibility for SEC filings, implementation and monitoring of internal control, quarterly reporting packages for Audit Committee, technical accounting, financial forecasts and analyses, equity compensation accounting.
Assistant to Liquidation Trustee
Hechinger Liquidation Trust, Landover, MD 2001 – Jan. 2005
Successor to Hechinger Company since its bankruptcy in 1999. $2.9 billion in claims asserted
Full responsibility for SEC reporting, reporting to the federal bankruptcy court and the creditors’ committee in connection with their oversight of the Trust, resolution of over $50 million in bankruptcy claims for federal, state and local income taxes, property taxes and significant executory contracts, provided analytical support for various lawsuits being prosecuted by the Trust.
Corporate Accounting Manager
Hechinger Company, Landover, MD 1990 – 2001
$4 billion national home center retailer with over 200 locations; listed on NASDAQ prior to leveraged buyout by Leonard Green & Partners in 1997
Responsible for consolidation financial statements, reporting packages for the Board of Directors, SEC reporting, lead person responsible for IRS, state and local tax audits, SEC filings and analyst presentations for raising $200 million in equity and debt offerings, significant involvement with special projects, including the merger and acquisition of Builders Square from Kmart ($2 billion entity), and other business merger opportunities.
Corporate Internal Auditor
Kay Jewelers, Inc., Alexandria, VA 1987 – 1990
$500 million national jewelry retailer, consisting of three operating divisions, with over 400 locations; listed on New York Stock exchange prior to being acquired by Sterling Jewelers in 1990.
PricewaterhouseCoopers (Coopers & Lybrand), Baltimore, MD 1983 – 1987
One of the Big Four audit firms.
EDUCATION / PROFESSIONAL
Certified Public Accountant, State of Maryland
B.S., Accounting, University of Maryland, College Park (Summa Cum Laude with 3.93 major GPA / 3.85 overall GPA)
Proficient with Microsoft Excel, Word, Oracle, OpenPages
Excellent professional references are available upon request.