Provided interim corporate controller services for manufacturer
Provided interim corporate controller services for manufacturer
Stout provided interim corporate controller services for a $200 million international private equity-owned manufacturing company. Stout managed a team of international controllers and corporate accounting staff. Core responsibilities included the supervision of the month-end close process, such as journal entry review, monthly budget to actual analytics review, and oversight of monthly bank and private equity reporting.
Stout also led the annual financial statement audit to ensure bank covenant deadlines were met, which included preparing and reviewing financial statements and footnotes to ensure U.S. GAAP compliance. Additionally, as required for the annual financial audit, Stout was responsible for preparing the accounting analysis and memos for goodwill and intangible impairment, reportable segments, and going concern.
Additional accounting projects included finalizing the implementation of ASC 842, Lease Accounting, analyzing accounting for debt modification, and performing a finance organization evaluation, which included travel to a company location to understand current processes and provide feedback on areas for improvement, best practices, and efficiency and restructuring opportunities.