Michael J. Craig

Certified Public Accountant, Business Advisor & Interim Controller

24672 San Juan Avenue, Suite 103, Dana Point, CA 92629

(949) 391-7377 (office) (714) 501-6337 (cell) 

View Mike Craig's profile on LinkedIn

Professional Profile

 

Detail focused, highly ethical C.P.A. and business professional with extensive experience demonstrating consistent achievement of organizational and financial objectives and goals. Analytical accountant well versed in A/P, A/R, G/L, inventory, fixed assets and cash management functions. Experienced in financial statement preparation, reporting and auditing along with a strong knowledge of GAAP. Adept with researching and investigating unusual transactions, maintaining a high degree of confidentiality. Effective communication, report writing, organizational and interpersonal skills. I possess the benefit of a very strong computer systems backgroundand am proficient with a variety of accounting and spreadsheet programs with extensive experience in many popular business computer applications. Combining a Bachelor of Science degree in Business Administration with a major in Management and emphasis in Accounting and Statistical / Quantitative Methods, I have used my extensive spreadsheet skills to develop financial models, statistical analysis and business plans for a wide variety of business entities.

 

Primary competencies and skill areas

  Interim Controller / CFO Functions    

Audit Support / Reconciliation Schedules

    Investigative Accounting  
  Spreadsheet Development / Applications    

Financial Statements / Financial Reporting

    Contract Review / Negotiation  
  Litigation Support    

Month-end / Year-end Closings 

    Computerized Processes  
  Financial Forecasts / Modeling / Pricing     Audits, Reviews, Compilations     Cash Handling / Banking Relationships  
  Variance Analysis     Expense Analysis & Control      Tax Planning & Compliance  
  Accounts Payable/Receivable       General Ledger Accounting     Teamwork & Communication  
  Credit and Collections     Cash Flow and Budgeting     Managerial and Operational Skills  
  Inventory/COGS Accounting & Management     Ratio / Financial Analysis     Accounting Policies & Procedures  
  Payroll Compliance/Payroll Services     Account Reconciliations / Lead Sheets    

Accounting System Implementation

 
  Workers Compensation Audits     Internal Audit / Internal Controls     Network System Administrator  
 

 

Professional Experience

 

 

          CURRENT ACTIVITIES:

  • Mike Craig, Certified Public Accountant  - My private practice activities include management consulting as an interim controller; general accounting services and income tax preparation. Consulting activities are primarily controller/CFO level functions provided on a part time or temporary basis to firms in need of short term, competent accounting and systems support. The primary focus of my firm is working with emerging businesses and start-ups to help them develop an accounting and reporting system that works. Tax preparation services are provided for individuals, corporations, partnerships, estates and trusts.  General accounting services include compilations of financial statements, consulting on financial & tax strategy, accounting systems, business planning and type of entity decisions -  advising new businesses on formation of corporations and business structures.

  • Part-time Corporate Treasurer of Polymeric Interconnect, Inc., a technology research and development firm whose products are polymer based electronic materials used in advanced printed circuit board, Radio Frequency Identification & solar photovoltaic applications. Responsibilities involve strategic planning as well as all financial functions - A/P, A/R, G/L, payroll, billing, fixed assets, banking relationships, cash management and financial reporting.   See  http://www.polymericinterconnect.com/

          CONSULTING PROJECTS HAVE INVOLVED:

  • Development of the long term financial plan for a local water district, incorporating the cost of infrastructure replacement over sixty years to arrive at the revenue requirements for operating and capital budget funds that were then used to derive the water and sewer rate structure. Other services performed for the District included assistance in preparation of monthly financial statements and the annual budget, providing support with a computer conversion and interviewing, hiring, training, and evaluating employees in areas of accounting and office procedures. Prepared account reconciliations / audit lead schedules and interfaced with the District's external auditors.

  • Consulting engagement whereby my primary responsibilities were in assisting the corporation's attorneys in preparing for litigation. This involved extensive research of the company's historical accounting and operations records in order to recast various financial and operational information in a format suitable for presentation in a legal environment.

  • Contract services to C.P.A. firms. Experience in this area was in the capacity of senior auditor for the audit of a large local water district and other work with governmental clients, predominately rapidly growing water districts in the South Orange County area. Major responsibilities involved supervision of audit staff, development and implementation of audit programs for the annual audit as well as special purpose audits (construction bond issues). Audit programs developed detected substantial discrepancies in overpayments to vendors, resulting in identifying over $400,000 of duplicate payments which were refunded by vendors. Management advisory services to the Districts included general accounting support, water rate analysis studies, investment income allocation analysis, calculation of arbitrage earnings rebatable to the U.S. Government, provided consulting with governmental accounting standards and development of spreadsheet macros for roll-up of financial reporting in governmental funds format. In other contract services to C.P.A. firms, I provided income tax preparation for corporations, partnerships and individuals in diverse industries, tax planning services, and custom spreadsheet applications for clients.

  • Due diligence audits / investigations.

  • Litigation support involving civil fraud, IRS disputes, marital dissolutions and audit negligence.

  • Controllership functions and related support for small to medium sized businesses.   

  • Development of the financial sections of business plans for startup and existing enterprises.

  • Accounting systems implementation, computer systems consulting, conversion and staff training. 

  • Year end audit support - working with the company's internal staff and/or auditing firm, providing support for clients preparing for their annual audit.

  • Account Reconstruction - to square the balances of subsidiary ledgers to the general ledger, in order to help withstand the test of an independent audit. 

  • Bank and general ledger account analysis and reconciliation.

  • Tax Return preparation for individuals and corporations.

  • Helping emerging companies or those in transition at making existing systems work better.

  • Consulting in corporate reorganizations and non-statutory debt restructuring - this involves helping a company with a viable future to affect an arrangement with its unsecured creditors, thus helping to avoid formal bankruptcy proceedings.

  • Managing Partner - The Interim Controller, Inc. - Orange County Division. The Interim Controller organization is an accounting based management consulting firm that provides controller level and CFO functions on a temporary basis to firms who are in need of short term, competent accounting and systems support.

  • As a consultant to a Bally Manufacturing subsidiary, my responsibilities consisted of researching and documenting historical accounting transactions and preparing exhibits for use in audit negligence litigation. This required development of extensive spreadsheet applications in order to document the audit trail of relevant transactions. As a result of this engagement, I was exposed to a multitude of accounting legal concepts and worked directly with the chief litigator of a law firm that was recently (8/2007) ranked among the Top 10 of "America's Best Corporate Law Firms."

          OTHER PROFESSIONAL EXPERIENCE:

  • Senior Accountant at Schoonover Accountancy Corporation, Certified Public Accountants  - Services provided are income tax preparation (60%); management consulting (20%); and general accounting services (20%). Tax services for individuals, corporations, estates and trusts. Management consulting includes financial & tax strategy, accounting systems, business planning and type of entity decisions-  advising new businesses on formation of corporations and business structures. General accounting services include reviews and compilations of financial statements. See http://www.schoonovercpa.com/

  • Controller at St. Mary Lodge & Resort, Glacier National Park, St. Mary, Montana http://www.stmarylodgeandresort.com/ - operated by Delaware North Companies Parks & Resorts http://www.delawarenorth.com/. As a sabbatical from my usual consulting activities, I accepted this seasonal salaried position for the summer of 2007 in my home state of Montana.  Responsibilities included financial reporting - compilation of daily, weekly & monthly sales reports for lodging, retail, food & beverage operations; bank deposits; credit card reconciliations; A/P invoice processing; payroll for more than 200 employees; billing and handling customer chargeback's; Safeguarding substantial cash operating funds; supervision of five cash room employees and one staff accountant; training cashiers on cash handling procedures. I reported to Delaware North Companies onsite General Manager.

  • As the Financial Officer & Controller for BCM Accessories, Inc., I managed accounting and reporting functions and was responsible for all  investment, cash management, financing, inventory, and computer hardware / software solutions. Managing a six person accounting staff, and reporting to the CEO, I oversaw the financial functions of this apparel industry manufacturing / design firm from startup in 1993 to $14 million in revenue. The company consistently maintained a 70%+ gross profit margin with out-sourced production and minimal employees.  Responsibilities also involved participation in all day to day management decisions including production scheduling, purchasing, product design, government compliance and human resources. Responsible for installation of a Novell network and conversion to Macola accounting software, which proved critical toward providing effective inventory controls, production scheduling and management information.

  • Manager of Special Projects at Humphreys & Associates, Inc., reporting to the COO.  Responsibilities included documenting the company's internal processes and controls, preparation of special reports, providing computer assistance & support to the employees and consultants, performing procedural reviews & analyses, preparation of audit schedules, internal audit, hardware & software solutions. Provided assistance with financial management, budget analysis, financial reporting, internal auditing & problem identification / resolution. Humphreys & Associates, Inc. is a defense industry management consulting firm. See http://www.humphreys-assoc.com/

  • As Corporate Treasurer at Navco Security Systems, I was instrumental in the turnaround of this former Wickes Company subsidiary; responsible for all financial management and reporting functions, including each of eleven previously autonomous branch offices. Accomplishments included obtaining the Company's first audited, unqualified opinion on its financial statements; extensive collection of past due receivables; implementation of effective order entry / inventory control procedures; established procedures for business unit accounting, internal financial controls and corporate expense allocations. Formed a new entity that provided equipment leasing options to customers; supervised a staff of six, managed hardware and software conversion. The company was highly leveraged, requiring extensive vendor contact and exceptional cash management skills. I left this company on very good terms after which they became a client. See http://www.navco.com/
  • As Assistant Controller at Spaulding Equipment Corporation, responsibilities included hands on accounting & internal audit functions for this manufacturing and engineering firm engaged in the mineral extraction industry. Reporting to the Corporate Treasurer, I obtained a broad knowledge of accounting processes and practices, including forecasts, budgets, general ledger, payroll, inventory, accounts payable / receivable, financial reporting and tax compliance. I was instrumental in converting the books and records from a manual general / subsidiary ledger system to this company's first computerized accounting system.  See http://www.spauldingequipment.com/

Due to the sensitive and confidential nature of some of the services performed, the names of certain clients are not disclosed here. Further information may be made available upon inquiry.

 
     

    

            INDUSTRY EXPERIENCE:

 

  Utilities (Water Districts - Governmental) Hospitality (Lodging, Food & Beverage) Equipment Leasing / Mining Wholesale & Retail Distribution  
  Textiles / Clothing (Apparel Industry)  Financial Services / Professional Services Technology / Energy Waste Management & Pollution Control  
  Manufacturing (BOM, Std & Process costing) Real Estate, Building & Construction  Internet / Social Media Specialty Chemical R&D / Nanotech  

 

            CHRONOLOGY:

 

  Private Accounting Practice Michael Craig, CPA, Dana Point & San Clemente, California 12/2012 - Present  
  Corporate Treasurer (Part-time)    Polymeric Interconnect, Inc., Santa Ana, California & Butte, Montana   04/2002 - Present  
  Senior Accountant, CPA Schoonover Accountancy Corporation, San Juan Capistrano, California 10/2007-  11/2012  
  Controller St. Mary Lodge & Resort, Glacier National Park, Montana    04/2007 - 10/2007  
  Financial Accounting Consultant Michael Craig Consulting, San Juan Capistrano, California  05/1997-  04/2007  
  Financial Officer & Controller BCM Accessories, Inc., San Diego, California 03/1993 - 05/1997  
  Audit Senior & Manager (contract) Schoonover Accountancy Corporation, San Juan Capistrano, California 12/1989 - 03/1993  
  Senior Accountant (contract) J. Michael Good & Co, CPA's, Huntington Beach, California 12/1989 - 03/1993  
  Manager, Special Projects Humphreys & Associates, Inc., Laguna Hills, California 12/1986 - 11/1989  
  Corporate Treasurer (Staff Accountant prior to 9/82) Navco Security Systems, Irvine, California 12/1981 - 11/1986  
  Assistant Controller Spaulding Equipment Corporation, San Juan Capistrano, California 03/1979 - 06/1981  

 

 

   EDUCATION & PROFESSIONAL CERTIFICATION

 

Certified Public Accountant 

Valid current license to practice in California & Montana 

Bachelor of Science, Business Administration

University of Montana, Missoula, Montana  

Majored in Management with emphasis in Accounting and Quantitative / Statistical Methods

Current IRS Preparer Tax Identification Number (PTIN)

 

 

COMPUTER SKILLS & OTHER  

 

 

Competent general PC skills, Internet savvy - specialized skills include Excel applications (macros) and QuickBooks Premier. Exceptional working knowledge of various accounting and spreadsheet programs with extensive experience in many popular business computer applications (JD Edwards, Macola, Platinum, Peachtree, Fixed Assets Reporting, Lacerte Tax). I am proficient in Microsoft Office (Excel, Word, Powerpoint, Frontpage), and Lotus Smart Suite. Considered an analytical thinker with quick and very effective problem solving capabilities along with a deadline oriented reputation for completing what I commit to do within the given constraints.  Enthusiastically accept responsibilities beyond immediate work duties and undertake special projects. I enjoy the ability to prioritize responsibilities and manage multiple projects simultaneously. Skilled in researching transactions and isolating discrepancies or inaccuracies to prevent continuing or potentially unnecessary negative results. I am a strong leader with excellent verbal and written communication skills as well as organizational and management abilities. Considered to be an individual with integrity, tenacity and an innovative "outside the box" mentality. I am presently preparing for certification as a Certified Fraud Examiner.  References are available upon request. US Citizen.

 

 

 

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