Adam Korsak

About Adam Korsak

Corporate Consolidations• Managed the monthly consolidation and dissemination of consolidated results.• Developed sustainable framework for reporting acquisitions and discontinued operations.• Recognized as an integral collaborator by key constituencies within controlling, finance, and business operations.Technical Accounting and Reporting Expert• Served as primary technical accounting resource for a $14 billion public company.• Provided technical guidance and supported external reporting with the SEC, responsible revenue recognition, earnings per share, cash flows, acquisitions/divestitures, pensions, share plans, derivatives and fair value measurements, lease accounting, S-X Rule 3(10) reporting, and goodwill.• Designed and implemented hedging strategies to manage foreign exchange, commodity, and interest rate exposures; periodically reviewed processes for improvement.• Managed multiple goodwill impairment projects, coordinating with finance and business management, external advisors, and auditors, during shortened interim reporting periods.• Developed and implemented a finance-wide training program that stresses business partner outreach and staff development.• Subject matter expert for revenue recognition, inventory valuation, Swiss reporting issues, and other complex topics.M&A and Divestitures• Directed purchase accounting processes for acquisitions totaling $5 billion, including internal and external valuation exercises, account mapping and reporting, external disclosures, and creation of a best practices playbook.• Led projects to prepare and issue multi-year audited carve-out US GAAP financial statements for divested businesses.• Managed discontinued operations accounting and reporting for divested businesses sold for over $3 billion.GAAP Implementation and Monitoring• Directed the successful implementation of new accounting rules for revenue recognition, pension accounting, leases, business combinations, and financial instruments, derivatives, and hedging activities.• Reviewed, summarized, and presented key accounting trends to senior finance management and worldwide legal entity controllers.• Documented company positions of and interpretations of complex GAAP, including impairments, discontinued operations, hedging activities, segment structure, revenue recognition, and loss contingencies.• Liaised with external and internal auditors on the accounting and disclosure for complex transactions.

Experience

1. Assistant Corporate Controller and Americas Regional Controller

   TE Connectivity

   Jan 2025 — Present

Education

• Penn State University

  BS, Accounting

  1995 — 1999

Skills

• Internal Audit
• Budgets
• Sec Filings
• Internal Controls
• Gaap
• Cash Flow
• Ifrs
• U.s. Generally Accepted Accounting Principles (Gaap)
• Generally Accepted Accounting Principles (Gaap)
• Acquisition Integration
• Financial Reporting
• Mergers & Acquisitions
• Consolidation
• Revenue Recognition
• Financial Analysis
• Sarbanes-Oxley Act
• Us Gaap
• Business Valuation
• U.s. Sec Filings
• Accounting