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John Herndon

Senior Consultant

NOWCFO

Recently, my roles have involved consulting on financial reporting requirements (SEC and GASB entities), auditing, improving multi entity and currency consolidations, technical research and international accounting processes. My background has a broad focus covering areas such as international and domestic tax, transfer pricing (Administration-Automation-Implementation-Audit Defense-Legal Entity reviews), corporate consolidations (Hyperion Enterprise, Oracle, Syspro and Excel based), external audit management, Sox procedures/controls and improvements, pre-clinical & clinical trial accounting and disclosures, foreign currency accounting (FAS52, Unrealized Gain/Losses, CTA, Realized Gain/Losses), FASB and GASB technical research, systems improvements (SAP, Oracle, Lawson, etc), system implementations (ADP, CONCUR, SAP Inter-Company Accounting) and system integration (ADP into Oracle, BAAN, etc). I would enjoy the opportunity to discuss my background with you and how I can contribute to your project. Warm Regards, John G. Herndon 510-648-1083 j_herndonatyahoo [dot] com

•Corp Accounting (GL, InterCO & Consol) •Consolidations (23 Legal Entities) •Auditing (Financial & Operational) •Management & Financial Analysis •Multi-Foreign Entity Transfer Pricing •FAS 52 (accounting, revaluation & troubleshooting) •Cost Accounting •Pre-Clinical Trial Accounting •Clinical Trial Accounting •Corp Tax Schedules •Schedule 5471 •VAT Recovery •SEC Schedules & Support •SOX 404 Process Documentation •ERP management & improvement •Data mining (SQL, ERP & Access) •Managed Depts & Processes •International Commissions •Global Hi-Tech, Bio-Tech & Med Device/Consumables •Consumer Products •Financial Services •Retail •Logistics & Transportation •Cross Functional Team Work •Advanced Hyperion, SAP & Oracle experience •Administered various ERP environments •Written & Verbal Communication •Various not shown below as Internal Auditor, Finance Analyst, Industrial Engineer & Operations Supervisor. •Entrepreneurial method of problem solving.

 

Experience

Adjunct Professor of Graduate Accounting : Golden Gate University - [2012-06 to 2015-10]
Intermediate Accounting - Addresses the GL; accounting cycle; financial statement creation & analysis; US GAAP framework & principles, assumptions and constraints of US GAAP; role of regulation within the profession; financial statement presentation, target audience, required disclosures, uses of financial statement data; discussion of key pronouncements & interpretation. Adv Cost Accounting - The methods and procedures used in determining inventory valuation & COGS, including cost-volume-profit relationships, costing systems in the manufacturing & merchandising sectors, process & job costing, master & flexible budgeting, variances, relevant costs for decision-making, cost-volume analysis, costing systems and behavior, budgeting, performance measurements and responsibility accounting, & overhead allocation. Intermediate Accounting Information Systems - addresses all intermediate topics defined above but all within an ERP environment such as SAP, Oracle, SysPro, Netsuite, etc.

Adjunct Professor Accounting : California State Univ East Bay - [2010-04 to 2015-10]
*Financial Accounting & Control - Inter financial reporting & standard setting, controls, accounting, financial statements, revenue rec, cash, receivables, inventories, intangibles & equity. *Graduate Class: Venture Capital - Concepts & practices of financing & financial management. Valuation, financial planning, corp structuring, exit strategies, private placement, IPOs, venture capital, etc. Instructed how to set up: 1.) Business Plan; 2.) Valuation Analysis; 3.) 5 yr projection; 4.) Invested Capital Spend; 5.) Investor Presentation. *Business Law & Regulation: The nature, sources, functions, & processes of law relating to contracts, agency, torts, partnerships, & corps; government regs & admin law as applied to legal environment. *Corporate Finance. Corp financial decisions: capital budgeting & structure, risk management & international financial management. Financial evaluation skills: valuation, cost of capital, LT & ST financial & dividend policies, mergers & acquisitions.

Management/Systems Consultant : Accretive Solutions - [2010-04 to Current]
 Worked closely w/senior management in analysis of financial information in an advisory capacity to identify opportunities. Advised client on the following: accuracy & ownership of Cost of Sales & Inventory, established standard costing strategies, establish metrics & measurement for management reporting, identify process design changes, implement cost improvements/efficiencies, managed the preparation of quarterly/monthly finance reporting packages & other corporate deliverables. Responsible for interpretation, organization, execution and coordination of operational finance decision support services for the Fremont CA SUD (Single Use Device, a medical inspection probe) location. Acted as key advisor for local & corporate teams. Supported client’s internal Quality & System policies & appropriate regulatory authority (FDA, SEC and GAAP) daily. Created customized SAP, Essbase & HFM reporting to accommodate internal and external reporting.

External Audit Consultant : CYPRESS PARTNERS - [2010-03 to 2010-04]
Consult with client on State Board of Equilization Audit, data collects and other client matters. Analyzed, assessed and evaluated data from ERP system in connection with company’s tax return preparation processes and external audit by State Board of Equilization.

SR SEC Consultant : Hood and Strong - [2010-01 to 2010-01]
 Prepared consolidated SEC schedules such as OCI, Revenue by Geography, Consolidated Debt, Consolidated AR, etc. Assisted in review and drafting 10-K, proxy statements and created supporting documentation for 10-K filing. Used HFM, Hyperion System 9 and Retrieve queries to review consolidated financial results and create supporting schedules. Performed ad hoc analysis to support internal and external reporting requirements.

Merger and Integration Consultant : CV Partners - [2009-08 to 2009-12]
Project management per FAS141 of Wells Fargo & Wachovia purcase and intergration. Advise Wells Fargo management on various purchase accounting, reporting (FAS 141 & EITF 95-3) & reconciliations. Analyzed NY commercial tax accruals and create process and procedures documentation. Identified 300M in Goodwill adjustments not previously identified and 2M in unrecorded tenant improvement receivables. Ad Hoc analysis of integration related project expenses during FAS141 period.

Chief Financial Officer : Phoenix Industrial Technologies - [2009-07 to Current]
Negotiated $250K external capital infusion for R&D funding, internal expansion and investment in customer portfolio. Created strategic plan and currently tracking on target for 500% revenue growth. Negotiated with external vendors, such as Applied Materials, for establishment of favorable credit terms to enhance cash management practices. Reviewed and analyzed financial data, reporting all direct and indirect matters relating to financial performance of the company, preparing budgets and monitoring expenditures and costs. Drafted company-wide objectives, policies, procedures, processes, programs, and practices to assure the company of a continuously sound financial accounting structure. Created economic strategies, managing organizational innovation and plans to achieve profitable organic or external growth. Presented and discussed financial information at regular intervals with the CEO, external investors, external stakeholders and regulatory bodies.

ERP Systems Consultant : Select Equity Group - [2009-07 to 2009-07]
Provided guidance to investment analysts on types of ERP systems currently in use, elements of ERP customization and implementation, typical levels and degrees of deployment within the marketplace and third party applications working in parallel.

Merger and Integration Consultant : Robert Half International - [2009-07 to 2009-07]
Integrated Indonesian manufacturing acquisition into SAP, provided detailed analysis of transactional activities during purchase period per FASB 141 guidelines.

Audit and Financial Reporting Consultant : Robert Half International - [2009-05 to 2009-06]
Automated public sector Statement of Cash Flows for government entity reporting standards, technical research on FAS 124 and 117 (accounting for endowments), assisted in configuration and rights assignment for fixed asset chain of custody, automated selected audit reporting processes, created customized grant reporting schedules for budget and forecast modeling, identified audit and SOX strategies for management consideration.

Tech & Consolidations Accounting Consult : Robert Half International - [2009-04 to 2009-04]
Drafted SEC disclosure for foreign currency translation and method of consolidation, client’s internal policy addressing functional currency determination methodology and individual account treatment under FAS52 pronouncement. Restated FY 2008 consolidated financial statements saving approximately $200K in expenses. Drafted report to client detailing 11 process improvements in consolidations, ERP implementation with quote, FAS52 translation process and International Tax.

 

Education

Masters, Accounting and International Business : Ellis University - [2007 to 2012]

Bachelors of Science, Accounting and Finance : California State University-Hayward (East Bay) - [1992 to 1997]