John McColgan

Financial Controller @State and Liberty Clothing Co.

Ann Arbor, MI, US

Core Accounting Functions-General Ledger (GL) Management: Oversight of day-to-day GL accounting, ensuring accurate posting of journal entries and reconciliations-Month-End & Year-End Close: Leading the financial close process, including accruals, prepaids, deferrals, and intercompany eliminations-Account Reconciliations: Managing reconciliations for high-volume balance sheet accounts, such as inventory, accounts receivable, and accounts payable.Inventory Accounting-Costing methods (FIFO, LIFO, weighted average)-Stock adjustments, shrinkage, markdowns-Physical inventory reconciliation and cycle count integrationRevenue Recognition-Retail-specific revenue treatment under ASC 606, including loyalty programs, gift cards, layaways, and returns-Reconciliation between POS systems and the general ledgerCost of Goods Sold (COGS) Analysis-Direct impact tracking and margin optimization-Freight-in, packaging, and vendor allowances treatmentSales Audit & Reconciliation-Daily sales reporting accuracy-POS-to-bank deposit reconciliation-Fraud detection and discrepancy analysis

University of Michigan

Master's of Accounting, Economics, Accounting