Karim Khan Muhammad

Experienced, flexible, strong work ethic and high achiever

Mission Viejo, CA

Multifaceted executive with the ability to leverage financial acumen in providing effective support to executive decision-making as well as overseeing finance/accounting department operations. Employ strong technical skills to develop and institute rigorous internal controls that ensure accurate financial reporting. Adept in enhancing organizational processes to reduce costs and deliver tangible profitability improvements.

Authorized to work in the US for any employer

Work Experience

Chief Accounting Officer

Savage Enterprises - Irvine, CA

July 2021 to Present

• Re-engineered the Accounting Department for the potential acquisition by the Public Company

• Prepared SOPs for purchases related to inventory and non-inventory items

• Developed internal reporting and month end closing systems

• Adopted new insurance policies for better coverage and cost savings

• Reviewed various online payroll service providers and switched the services to a HR software solutions platform

• Interviewed HR Manager, AR & AP Accountants and Compliance Officer

• Formulated budgets from scratch for its first-time implementation

• Evaluated leases under ASC 842 for its first-time adoption and implementation

• Reviewed accounts of sister companies under common control and under equity method investment

• Prepared company for the two years audits by fulfilling all documentation requirements, responding to auditors' comments, creating audit schedules and preparing financial statements under U.S. GAAP

• Implemented Excise Tax calculation tool in the QuickBooks Enterprise which saved company thousands of dollars in sales commission

• Integrated software like Meadows and Distru to Quick Books Enterprise

• Coordinated and fulfilled interdepartmental needs by sharing data and by providing analytical review of their performance compared to the budget

• Managed GL Accountant, Controller, Compliance Officer, AR/AP Staff and Outside Consultant and CPAs

• Managed functions like HR, IT and Operations by coordinating efforts with each of the departmental heads

Senior Accounting Manager

Adnant, LLC - Downey, CA

November 2019 to July 2021

• Prepared financial statements under U.S. GAAP and IFRS

• Worked alongside with CEO/CFO/Controllers and provided advisory services in technical accounting, costing, SOPs, chart of accounts, consolidations, technical memos, audit support, financial accounting and reporting.

• Supervised team of about 10 staff which includes Senior Accountants (CPAs) & Project Managers (PMPs)

• Written memos on New Revenue Recognition and New Lease Accounting Standards, Derivatives, Stock Based Compensation, Business Combination etc.

• Managed engagements by coordinating with clients and auditors and getting clients ready for the audit by preparing supporting schedules

• Created Standard Operating Procedures and Roadshow Presentations

• Provided leadership, direction and built professional infrastructure to turnaround and streamline the company's finances and operations.

• Responsibilities include budgeting and forecasting, financial planning and analysis, corporate governance, liaison with investors and investment bankers and loan officers

• Responsible for completing major mergers & acquisitions of entities of clients Director of Accounting

Goldman, Kurland & Miraglia, LLP - Encino, CA

January 2015 to November 2019

• Prepared client's financial statements, bank reconciliations and cash flow projections.

• Managed client's A/R, A/P, Inventory, Fixed Assets, Bank Loans and Lines of Credit.

• Facilitated peer review by revising and updating QC documents, QC checklists and review of client's audit, review, and compilation work papers

• Helped clients in preparing their financial statements and related schedules

• Observed inventory count for clients in oil/gas and manufacturing companies

• Reviewed audit work papers for private companies and for non for profit organizations

• Assisted clients in writing technical memos on implementation and disclosure of New Revenue Recognition Standard (ASC 606) and New Lease Standard (ASC 842)

• Discussed and evaluated the impact of new accounting pronouncement on client's financial reporting and proposed solutions for compliance

• Assisted in special projects like debt offering, equity offering, impairment testing, covenant compliance and preparation of pro forma financial information

• Participated in client's monthly closing process and proposed adjustments to accurately reflect in the financial statements

Audit Partner

Goldman Kurland Mohidin, LLP - Encino, CA

June 2009 to December 2014

Joined as Audit Manager and promoted to Senior Manager and Audit Partner

• Ensured timely and accurate audits for a broad industry range of clients by planning and executing SEC financial audits, SOX audits, and conducting review engagements for clients traded on the NASDAQ and OTCBB markets

• Improvised client's responses to SEC comments on their Forms 10K & 10Q and registration statements on Form F-1 and S-1

• Provided training to audit staff on various GAAP pronouncements, planning engagements and review of work papers

• Remain abreast of FASB pronouncements and performed research for complex client transactions and wrote technical memos

• Service clients with up to $253million in annual revenue

• Worked alongside with Company's CFO in the areas of: Review of financial statements, consolidations, cash flow projections, budgeting, internal controls, policy and procedures, management discussion and analysis, financial statement analysis

• Reviewed Forms 10K and 10Q of clients and related schedules that supports financial statements including risk factors, management discussion and analysis, controls, and procedures

• Reviewed Forms S-1, S-3, S-8, S-11, 8K of various clients and coordinated their filings

• Provided guidance to the clients under SEC reporting rules and written technical memos Audit Manager

KSP Group, Inc - Los Angeles, CA

February 2005 to June 2009

Joined as a Junior Accountant, promoted as a Senior Accountant, Audit Supervisor and Audit Manager

• Planned and coordinated audit engagements, including agreed upon procedures and restatement audits.

• Supervised and managed audit teams and worked closely with client management to ensure successful completion of engagement objectives

• Performed planning procedures, scheduled staff, supervised numerous staff during field work and performed wrap-up procedures during completion of engagement

• Facilitated 10Ks/10Qs filings on time by supervising a team of 10 in the Los Angeles office and a team of 8 in the Beijing office

• Managed firm's operations in the absence of partners and responded to client's inquiries

• Followed up with client on day to day basis to resolve issues related to acquisitions, stock-based compensations, deferred tax issues, VIE's and others. Education

CPA - Certified Public Accountant

American Institute of Certified Public Accountants November 2007

CMA in Management Accounting

Institute of Management Accountant

April 1996

BBA in Accounting

KU University

July 1992

Skills

• Due diligence

• Acquisitions & Mergers

• Client management, Financial Analysis

• Financial Report Writing

• Reporting under GAAP and IFRS

• Budgeting

• Cash flow projections

• Cross-Functional Collaboration

• Data-Driven Decision-Making

• Reporting Oversight

• Caseware

• SmartSheets

• Lucid Chart

• Checkpoint

• Financial Closing

• SOPs

• Treasury

• Consolidations

• Financial reporting

• Proposals

• ORACLE

• SAP

• Quick Books

• Peach Tree

• PPC Engagement Manager & Practice CS

• Google Docs

• Acquisitions

• Financial Statement Preparation

• General Ledger Accounting

• Financial Planning

• Forecasting

• Journal Entries

• SOX

• Pricing

• Bank Reconciliation

• Account Reconciliation

• Accounts Payable

• Tax Experience

• Balance Sheet Reconciliation

• Internal Audits

• Financial Acumen

• ASC 606

Certifications and Licenses

CPA

Assessments

Management Fit — Highly Proficient

July 2020

Measures the traits that are important for success in management positions Full results: Highly Proficient

Principles of Accounting — Expert

July 2020

Preparing financial records according to federal policies Full results: Expert

Accounting Skills: Bookkeeping — Highly Proficient January 2019

Measures a candidate's ability to calculate and determine the accuracy of financial data. Full results: Highly Proficient

Indeed Assessments provides skills tests that are not indicative of a license or certification, or continued development in any professional field.

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