Tutor profile: Karen P.
14+ Years as an Accounting Professional
I'm a financial leader with 14+ years experience in GAAP accounting. I specialize in financial reporting and analysis. I have a passion for sharing my knowledge and teaching the accounting basics and developing accounting professionals.
My primary teaching experience has been in my work experience training new accountants or as a mentor to my staff.
University of Phoenix
2011 - 2012
DeVry University - Washington
2003 - 2006
CHI Franciscan Rehabilitation Hospital, Controller
2019 - 2021
Recruited to head the financial department of a 60 bed rehabilitation hospital and managed a team of four employees in accounting, payroll, accounts payable, dietary, and supply. Led month-end closing and provided guidance to accounting staff, analyzed patient revenue, prepared journal entries, and analyzed financial results and budget. Developed policies and procedures to maximize efficiency, strengthen internal controls to achieve financial success. Prepared balance sheet reconciliations and ensured internal controls were followed.
Stafford Health Services, Senior Accountant
2016 - 2019
Upheld GAAP accounting for the skilled nursing and assisted living facilities, reviewed cash flow and approved vendor payments, led timely month-end closings, supervised the accounts payable coordinator and filled in as needed. Posted payroll, amortizations, depreciation, taxes, and banking entries. Reviewed fixed assets for capitalization and maintained the chart of accounts. Analyzed and prepared monthly financial statements and presented the results to the controller. Prepared and led annual cost reporting and budgets for the skilled and...
Restaurants Unlimited Inc, Staff Accountant
2013 - 2016
Provided accounting support for 12 restaurants that made up 67% of the company’s net income. Recorded, reconciled, and explained variances in all cash and credit card accounts, ensured proper cash procedures were followed, reviewed and responded to daily chargebacks for all 47 restaurants, reviewed daily bank activity and identified potential fraudulent transactions. Provided the accounting leadership with a daily cash forecast and provided recommendations on funding. Created revenue and expense analysis and presented monthly financial results...
Two Degrees/Vulcan, Bentall Kennedy, & Sabey Corporation, Accounting Consultant
2012 - 2013
Reconciled balance sheet accounts, created monthly and intercompany journal entries, filed state and city taxes, provided audit support, documented accounting practices, prepared monthly wires for to ensure account funding, approved invoices for payment, prepared annual budgets and forecasting, assisted the Controller with creating monthly financial statements, prepared construction draws, and ran cost reports for construction projects.
Emeritus Senior Living, Staff Accountant
2007 - 2012
Provided full cycle GAAP accounting oversight for 19 assisted living communities with an annual net income of $33.6M and prepared financial statements. Created monthly journal entries for tax liabilities, depreciation, and accruals, reviewed assets for capitalization, reviewed fixed assets, tracked constructions in progress, analyzed revenue and expense accounts, reconciled balance sheet accounts, filed various state and city taxes, provided audit support, documented accounting practices, and trained new accountants.
Seattle Mortgage Company, Post Closing Assistant
2006 - 2007
Reviewed and sorted mortgage document files to verify necessary documentation and contacted loan officers and lenders for missing documents. Audited and insured final documents for accuracy per HUD guidelines and researched and resolved rejected files.
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