Top-Rated Principal Accounting Coordinator Resume Examples for New York

In my previous role, I discovered a discrepancy in our fixed asset depreciation calculations that could have led to a material misstatement in our financial statements. I immediately notified my supervisor and initiated a thorough investigation. I reviewed the depreciation policies, verified the asset records, and recalculated the depreciation expense for each asset. I identified an incorrect depreciation method being applied to a group of assets. After correcting the error and updating the depreciation schedule, I documented the findings and implemented a process to prevent similar errors in the future. This involved training the team on proper depreciation methods and enhancing our internal controls.

I have extensive experience with US GAAP, particularly in areas such as revenue recognition (ASC 606), lease accounting (ASC 842), and consolidation. For instance, in my prior role, our company implemented ASC 606. I was instrumental in analyzing our existing contracts, identifying performance obligations, determining transaction prices, and allocating those prices to the performance obligations. This involved collaborating with legal and sales teams to understand the terms of the contracts and applying the five-step model under ASC 606. The successful implementation ensured compliance with the new standard and accurate revenue reporting.

During month-end close, I prioritize tasks based on their impact on the financial statements and their dependencies. I create a timeline with key milestones and deadlines for each task. I identify critical tasks that must be completed first, such as reconciling bank statements and key accounts. I delegate tasks to team members based on their expertise and availability. I maintain open communication with the team to monitor progress and address any bottlenecks. I also use project management tools like Asana or Trello to track progress and ensure all deadlines are met. Regularly reassessing priorities is crucial to adapt to unforeseen issues.

I have several years of experience working with both SAP and Oracle ERP systems. In my previous role, I primarily used SAP S/4HANA for general ledger accounting, accounts payable, and accounts receivable. I was responsible for creating journal entries, reconciling accounts, and generating financial reports. I also have experience with Oracle Fusion Cloud ERP, where I focused on fixed asset accounting and lease accounting. I am proficient in using these systems to extract data, analyze financial information, and ensure the accuracy of financial records. I'm comfortable adapting to new ERP systems quickly.

I once had to explain the impact of a new accounting standard on our company's financial statements to the marketing team. I knew they lacked a deep understanding of accounting principles, so I avoided technical jargon and focused on the practical implications. I used simple language and visual aids, such as charts and graphs, to illustrate the changes. I also provided clear examples of how the new standard would affect their budget and marketing campaigns. I encouraged them to ask questions and provided detailed explanations in a way they could easily understand. The result was a smooth transition and a clear understanding of the new requirements.

I am committed to continuous learning and professional development. I regularly read publications from organizations like the AICPA and FASB to stay updated on changes in accounting regulations and standards. I also attend webinars and conferences on accounting topics to learn from industry experts and network with other professionals. I subscribe to industry newsletters and blogs to stay informed about best practices and emerging trends. I also actively participate in continuing professional education (CPE) courses to maintain my CPA license and enhance my knowledge of accounting principles. I then share that information with my team to improve overall knowledge and compliance.