KARMAN KO-HAUSER, CPA (inactive) & MBA
Summary
A results-oriented leader with over 20 years of experience in the areas of revenue accounting, accounting close & reporting, financial analysis, and internal audit & SOX compliance. A trusted advisor to business partners and executive leadership with proven track record to influence decision making based on deliver sound accounting assessments and conclusions.
Overview
28
28
years of professional experience
1
1
Certification
Work History
Director, Revenue Accounting
VMware
01.2011 - Current
- Responsibilities span across areas of technical revenue accounting assessments & positions,, policy, analyses of standalone selling prices, accounting of new product/offerings, revenue accounting of acquired companies and integrations, accounting of hybrid cloud offerings, assessment of complex multi-million customer contracts and new programs, management of month-end close and management reporting, and disclosures on revenue accounting in SEC 10-Q and 10-K filings
- Key decision maker and partner in cross functional projects, complex company initiatives, and assessment of new offerings and pricing and package updates, providing revenue accounting assessment and guidance
- Project lead in implementation of ASC 606, Revenue From Contracts with Customer, oversaw completion of all technical revenue accounting memos and recast under full-retrospective transition method; engaged in weekly senior leadership read-out of accounting positions, project status and recast results
- Devised business requirements for new revenue system evaluation and implementation under ASC 606
- Develop and maintain company’s revenue accounting policy; lead and direct technical team of 6 responsible for drafting position papers including creation and updates on ASC 606 positions, hybrid offering accounting, principal vs agent, balance sheet classification, new programs, and complex customer contracts assessment
- Provide revenue accounting expertise in assessment of acquired company offerings, from due diligence to integration efforts
- Manage coordination of revenue close process across global teams of 100+ members, ensuring smooth execution of period and quarterly revenue accounting close cycles, adherence to established policies & positions, and accurate and timely reporting of revenue accounting results to management including the CFO
Revenue Manager
Phoenix Technologies
01.2009 - 01.2011
- Managed order to cash and revenue recognition processes for a mid-sized global hi-tech company
- Reviewed customer contracts and completed quarterly revenue recognition write-ups and VSOE analyses
- Collaborated with Legal and Sales in deal negotiation, provided guidance on proper revenue recognition and recommended deal structures for optimal revenue recognition outcomes
- Analyzed revenue fluctuations and provides supporting documentation for MD&A disclosures
- Served as advisor to VP of Sales on revenue forecasting and planning; provides Finance input to forecast to the CFO and CEO
- Automated the company’s revenue forecasting process by constructing a single revenue model to capture company actual and forecast revenue by customer and revenue streams.
Director
The Siegfried Group, LLP
01.2004 - 01.2009
- Assisted clients in SOX implementation and revenue accounting
- Managed regional sales forecast of six offices ($20 million annual); devised automated Excel weekly sales forecast file
- Responsible for deployment of professionals and customer account management
- Business operations manager for six office locations and decision maker of local office recruiting
- Served as advisor to regional market leader in management of regional activities ranging from forecasting, recruiting, training, personnel management, to sales generation and management.
Senior Financial Analyst
Applied Biosystems (acquired By Thermo Fisher)
01.2001 - 01.2004
- Analyzed revenues, margins, and product line P&Ls for over 20 product lines with revenues exceeding $1.6 billion
- Prepared forecasts & budgets and reviewed/investigated actuals to forecast variances
- Conducted quarterly product revenue fluctuation analyses to aid senior management in preparation of earnings releases
- Served as liaison for group in coordination of annual plan, including set up of cost centers and development/changes to product line allocations.
Senior Internal Auditor
Applied Biosystems (acquired By Thermo Fisher)
01.2001 - 01.2004
- Developed audit programs for world-wide audits (financial and operational) of a $1.6 billion revenue global biotechnology public company
- Documented audit findings and recommendations on internal controls and operational efficiencies for executive management and board of directors reviews; audit areas including accounts payable, travel and entertainment, purchasing, receiving, fixed assets, sales commissions, human resources, sales office, and divisional sites
- Reviewed sales contracts for proper revenue recognition.
Accounting Manager
Realnames Corporation
01.1999 - 01.2001
- Managed accounts receivable and revenue cycles in a fast-paced hi-tech 250+ start-up
- Implemented Oracle financial system within 14 weeks
- Developed processes and procedures for SEC and GAAP compliance and manged external audits & quarterly reviews
- Enhanced close process from 10 to 5 working days
Audit Senior Associate
PricewaterhouseCoopers, LLP
01.1996 - 01.1999
- Prepared SEC filings including S-1, 10K, and 10Q
- Led engagement teams with client revenues ranging from $2 million to $2 billion annually
- Assisted in the full execution of initial public offering filings
Education
Master of Business Administration -
Santa Clara University
Bachelor of Science in Business Administration in Accounting -
University of California, Berkeley-Undergraduate Haas School of Business
Skills
- ERP (Oracle, SAP)
- RevStream
- ASC 606
- Financial Analysis
- Team Leadership
- Cross Functional Collaborator
Certification
Certified Public Accountant, State of California (inactive)
Timeline
Director, Revenue Accounting
VMware
01.2011 - Current
Revenue Manager
Phoenix Technologies
01.2009 - 01.2011
Director
The Siegfried Group, LLP
01.2004 - 01.2009
Senior Financial Analyst
Applied Biosystems (acquired By Thermo Fisher)
01.2001 - 01.2004
Senior Internal Auditor
Applied Biosystems (acquired By Thermo Fisher)
01.2001 - 01.2004
Accounting Manager
Realnames Corporation
01.1999 - 01.2001
Audit Senior Associate
PricewaterhouseCoopers, LLP
01.1996 - 01.1999
Master of Business Administration -
Santa Clara University
Bachelor of Science in Business Administration in Accounting -
University of California, Berkeley-Undergraduate Haas School of Business
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