Bob Michaels
Partner - National Technical Accounting and Financial Reporting Lead @CrossCountry Consulting
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WORK HISTORY
Partner - National Technical Accounting and Financial Reporting Lead @CrossCountry Consulting
New York, NY, US
Leads the firm’s National Technical Accounting and Financial Reporting practice focused on providing complex technical accounting guidance and expertise to clients and engagement teams to navigate the ever-changing accounting and reporting landscape. Extensive experience across numerous industries delivering solutions to CEO\'s and CFO\'s related to complex, technical accounting and finance issues. Provides hands-on guidance and assistance during an organization’s transformative business event including mergers and acquisitions, exit or disposal activities, spin-off transactions, initial public offerings, and carve-out financial statements. Accounting and SEC expertise, including proven experience working with finance leaders, auditors, board of directors and audit committees directly to resolve technical accounting and reporting issues. Research, documents conclusions and implements related processes for technical accounting issues. Includes business combinations, revenue recognition matters, debt and equity transactions, exit or disposal activities, asset impairments, debt modification and loan covenants, and going concern. Assists with the research, analysis and disclosure on the adoption of new financial reporting standards and regulatory changes including providing insights of the impacts across businesses on processes, controls and key performance. Establishes and reviews accounting policies across all accounting and reporting areas. In-depth experience in supporting accounting and finance teams to eliminate inconsistencies, streamline and standardize accounting policies to improve accounting and finance performance. Guides and directs strategic firm initiatives around technical accounting policies and standards, develops tools, templates, and trainings for engagement teams to ensure quality delivery.
EDUCATION
Rochester Institute of Technology - Saunders College of Business
Bachelor's degree, Business Administration and Management, General
ABOUT BOB MICHAELS
My passion, curiosity, and drive is to help companies make things better. I provide insights and perspectives that enable organizations to make informed decisions that shape their future. I partner with clients to provide complex technical accounting guidance and expertise. I deeply understand their business, providing insights to enhance their processes, controls, and technology to drive operational excellence and profitability. My experience spans across multiple industries, such as aerospace and defense, manufacturing, consumer products, retail, construction, transportation, life sciences, biotech and pharmaceutical. Known as a trusted advisor to Board Members, C-Suite Leaders and Business Partners. I am deeply invested in developing and engaging with high performing teams so that they can solve complex problems and surpass expectations, regardless of where they reside in the global economy. Below are highlights of my career accomplishments and specialties. Technical Accounting. Resolved highly technical and complex accounting issues encountered by clients, including revenue recognition, business combinations, exit or disposal activities, asset impairments, debt modification and loan covenants, income taxes, going concern, and financial reporting. Mergers, Acquisitions, Divestitures & Restructurings. Directed and provided guidance for more than 50 acquisitions with purchase prices ranging up to $15B, over 15 dispositions, including more than 10 recorded as discontinued operations, and five carve-out audits with revenues exceeding $2 billion. Finance Transformation. Drove the global implementation of process and controls efficiency reviews resulting in over a 30% reduction in manual controls. Directed the testing strategy for more than 15 financial system implementations and conversions. Executive & Team Leadership. Led the global coordination of 140 financial statement audits in 50+ countries, identifying areas of improvement in statutory reporting. Led the service delivery of more than 25 different global teams, ranging in size from 15 to over 100 professionals across multiple disciplines. Drove the career progression, development, and performance for over 60 team members.Specialties include:Global Experience | Technical Accounting | Finance | Audit | Transformation | Digital | Cyber Security | Change Management | Risk Management | Regulatory Compliance | Strategy | Disposition | Restructuring | Process and Controls | M&A | Process Improvement | Project Management | Talent Development | Board Advisor
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