Michael G. - Professional support for tax reporting and IFRS to HGB reconciliations, focusing on IFRS

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Aschheim, Germany

Experience

Sep 2024 - Jun 2025

10 months

Frankfurt, Germany

Professional support for tax reporting and IFRS to HGB reconciliations, focusing on IFRS

Pixomondo Images GmbH & Co KG

Professional support for tax reporting and IFRS to HGB reconciliations, focusing on IFRS in an international environment.
Preparation of missing documentation for the annual audits of 4 companies.
Completion of the mandatory audits for 2021 and 2022.
Primary contact for the tax office, tax advisors and auditors.
The company was acquired by Sony in 2023.
SAP design in use.

Dec 2023 - Mar 2024

4 months

Planegg, Germany

Interim finance manager

Ascend Gene & Cell Therapies GmbH

In a biotech start-up in the field of gene and cell therapies.
Coordination of the audit.
Process optimization in finance and other areas.
Reporting to the local management team as well as the Group FD and CFO.
ERP system Oracle NetSuite in use.

Apr 2023 - Jun 2023

3 months

Frankfurt, Germany

Internal project to develop automated data reconciliation

Fonte Nova GmbH

From the balance sheet and P&L according to RechzahlV and from the regulatory quarterly reporting for the purpose of populating the data repository according to ZahlprüfBV.
Selection of a pilot customer.

Mar 2023 - Mar 2023

1 month

Esslingen, Germany

Review of order processing, goods and invoice receipt through payment. Internal control.

TORC Deutschland GmbH Automation

Entering data from various fragmented pre-systems into DATEV.

Jan 2022 - Dec 2022

1 year

Sankt Georgen im Schwarzwald, Germany

Interim controller

JG Weisser Söhne GmbH & Co. KG

With a machine manufacturer in the Black Forest.
Post-acquisition integration in internal reporting, annual planning and forecasting by cost type.
Implementation of IFRS 15, lease accounting and IFRS 16.
Switch to the cost of sales method.
Coordination of audits.
On-the-job knowledge transfer in accounting.
Account reconciliation for the month-end close, controlling and management.

Oct 2021 - Jan 2022

4 months

Munich, Germany

SOx implementation

Combera GmbH

In a newly acquired company, focusing on IFRS 15 contracts.
Main contact for local department heads and internal audit.
Covered all operational business processes.

Sep 2021 - Oct 2021

2 months

Munich, Germany

Special project commissioned by shareholders

Eve.io DE GmbH

Review of expenses for proper allocation.
Cashflow Forecasting.
Tracking COVID aid (bridging assistance).
Supplemented the internal accounting in collaboration with tax advisors.

Jun 2020 - Sep 2020

4 months

Munich, Germany

Recording and documenting finance and accounting processes

International Campus GmbH

Identification of existing and potential additional internal control points.
Interviews with process owners and operators.
Identified internal control system checkpoints and implemented them in day-to-day operations and at month-end.
Supported the form and scope of documentation.
Reporting to the Director of Accounting.

Dec 2019 - Feb 2020

3 months

Bad Mergentheim, Germany

Internalizing the group accounting function including process development

Bartec Top Holding GmbH

Month-end closing with 50 reporting units.
Used SAP ERP and Tagetik systems.
The group was recapitalized and restructured.
Producer of explosion-proof systems for the oil & gas and chemical sectors.
Reporting to the Global Director of Controlling and the CFO.
Used SAP ERP and LucaNet systems.

Apr 2019 - Dec 2019

9 months

Oettingen in Bayern, Germany

SOx process documentation

Jeld-Wen GmbH & Co KG

Including O2C, P2P, and FSP.
Testing.
Identifying weaknesses.
Developed risk reduction measures based on existing and missing control points.
Quality assurance of control documentation prepared by control owners, and follow-up.
Analysis of segregation of duties based on user roles across all business cycles.
Point of contact for internal and external auditors.
Reporting to the local head of accounting and the global project management.

Jan 2019 - Apr 2019

4 months

Aschheim, Germany

Interim Head of Accounting

mytheresa.com GmbH

Leading a team of 8-12 staff.
Using MS Navision as ERP and DATEV in accounting.
Took initiative on process optimization in Order to Cash and Purchase to Pay.
Cross-department communication in procurement and sales cycles.
Allocated work following team growth.
Redesigned the department.
Reported to the CFO.

Nov 2018 - Dec 2018

2 months

Dessau-Roßlau, Germany

Preparation of documentation for internal group transactions (Transfer Pricing)

IDT Biologika GmbH

Analyzed all intercompany relationships in cooperation with the Group Accounting department, focusing on cross-border expenses and income.
Updated master and local files according to OECD guidelines.
Calculated remuneration for central services and transfer prices for the sales entities.
Used SAP New General Ledger and LucaNet.
Reported to the Head of Accounting.

Sep 2018 - Nov 2018

3 months

Herzogenaurach, Germany

Review and harmonization of workflows

Adidas AG

Reviewed and harmonized workflows from three regional Shared Services centers for SOx.
Reported to the Director of Global Business Services.
Considered SAP FI/CO and upstream systems.
Used MS SharePoint.

Aug 2017 - Apr 2018

9 months

Eisleben, Germany

Acting Head of Accounting

Aryzta Bakeries Deutschland GmbH

At one of its sites.
Post-acquisition integration including mergers in an SAP environment.
Led a team of 16 people functionally.
Monthly reporting with fast close.
Optimized procurement processes from non-stock to invoice release in collaboration with the SAP administrator and internal audit.
Cross-department change management.
CAPEX vs. OPEX.
Coordinated audits, significantly reducing at-risk back payments.
Transfer Pricing.
Reported to management.

Apr 2017 - Aug 2017

5 months

Eschborn, Germany

Post-acquisition integration of information flows for internal reporting and consolidation

Concardis AG

Harmonized/migrated fragmented legacy data sources (Sage and DATEV) and ERP systems to SAP after these acquisitions in cooperation with key users and developers.
(Mergers) Fast Close.
Used SAP and LucaNet.
Reported to the Group Finance Director.

Aug 2016 - Oct 2016

3 months

Ahlen, Germany

Consolidations under IFRS

LR Health & Beauty Produkte, GmbH

A group accounting software was used, but many features to validate the reported data were not used.
Transparency, reliability, and timeliness with reduced time expenditure are the core elements of the improvements.
Infor M3 and Cognos Controller in use.
Reporting line to the Head of Accounting.

Nov 2015 - Apr 2016

6 months

Deggendorf, Germany

Responsible for finalizing the consolidated financial statements under IFRS

Congatec AG

Individual topics such as capitalizing transaction costs for an IPO.
Preparation of an IFRS reporting package for the subsidiaries.
Data analysis from SAP FI, BW and ECCS.
Formalities around a capital increase, corporate loans, and distributions, also in view of HGB and taxes.
Revenue recognition based on percentage of completion, capitalized own work.
Cross-functional process improvements of information flows.
Preparation of documentation as the main contact for the auditor.
Reporting line to the CFO.

Jun 2015 - Oct 2015

5 months

Rohrdorf, Germany

Interim Head of Finance

Sengewald Klinikprodukte GmbH

Focus areas: treasury, internal reporting, controlling, IFRS conversion including the transition from the total cost method to the cost-of-sales method, and participation in cross-functional turnaround management projects.
Review of the purchase price allocation.
Main contact for auditors, lawyers, investors, and tax advisors.
Reporting line to the executive management, Group CFO, and investors.
DATEV in use.

Nov 2013 - Nov 2014

1 year 1 month

Herborn, Germany

Project management post-acquisition

Zodiac Aerospace

Integration of cost calculation into SAP FI/CO, MM, and SD.
Carve-out of two business units into two company codes in a GmbH in SAP, and integration of internal and external reporting into SAP BFC for group subsidiaries.
Replacement of Hyperion.
Parent company based in Paris.
Manufacturing company in the aerospace industry with a focus on galley equipment for civil aircraft.

Mar 2013 - Jun 2013

4 months

Kirchheim bei München, Germany

Controlling of mechanical engineering projects

ATS Automation GmbH

Including revenue recognition based on percentage of completion (PoC) using planned calculations from Baan/Infor ERP LN, and actual accumulated costs by cost object from Infor Varial.
Determination of project cash flows during the bid phase and in ongoing calculations.
Management of Access databases.
Communication with the publicly listed parent company in Canada.
Monthly, quarterly, and annual financial statements.
Contact person for auditors.
Treasury and forecasting at corporate and project level before order intake.
Revenue recognition based on percentage of completion, evaluation of expected remaining costs by project.
Non-standard fiscal year ending March 31.
Extraction and input of data in Infor Varial via MS Access.
Reporting line to management and dotted line to the Global CFO.

Dec 2012 - Jan 2013

2 months

Gaggenau, Germany

Support for spin-off of a business unit (Carve-Out)

Dambach GmbH

From SAP to a new company, including master data and selected transaction data across SD, MM, FI and CO.
Prepared documentation of the migration concept up to testing and final acceptance, including revenue recognition and valuation of work-in-progress orders according to PoC.
Steered the project team, which included executive management, risk management, IT leadership and accounting.
Guided users during testing.
Prepared documentation for the auditor.

Nov 2012 - Dec 2012

2 months

Frankfurt, Germany

Interim Trainer

Zurich Versicherung

During a group-wide SAP migration to the New General Ledger.
Designed and created training materials and the training concept by user roles based on User Acceptance Tests in collaboration with developers.
Reported to the Head of Accounting in this MDAX group.
Reviewed and presented the impact of IFRS to executive management.

Aug 2012 - Nov 2012

4 months

Ismaning, Germany

Interim Manager Finance and Administration

Lectra Deutschland GmbH

At a company in the CAD/CAM software and mechanical engineering industry.
Bridged a vacancy caused by turnover in the department.
Handled the Q3 quarterly close.
Developed a blueprint for IT improvements.
Collected data from Eastern European branches.
Knowledge transfer in IFRS, especially in revenue recognition by stage of completion (PoC) and in splitting total contract revenue by type of service.
Listed French SA.
Pre-entry of data in Infor and upload into SAP BFC.
Reported to local management.

Jul 2012 - Aug 2012

2 months

Tuttlingen, Germany

Interim Manager Group Accounting

KLS Martin Gruppe

A privately held SME.
Used SAP.
Set up and internalized consolidation processes and reporting infrastructure, including preparing a group reporting package with all necessary disclosures.
Collected data from branches in all regions.
Privately owned company.
Revenue recognition for leased machines.
Reported to management and the shareholder.

Apr 2011 - Mar 2012

1 year

Zimmern ob Rottweil, Germany

Interim Regional Controller - Europe

aci eco-Tech GmbH

At a jointly owned machinery manufacturer and wholesaler in the photovoltaic sector.
Post-acquisition integration in controlling, finance and HR.
Calculated project costs and proportional revenue recognition (PoC), including assessing recoverability, and monitored actual costs per cost object for labor hours, purchases and overhead surcharges.
Prepared ongoing cost accounting as well as projected costs in collaboration with project managers.
Determined the completion level of all projects for monthly PoC realization.
Built a Shared Services team.
Cash planning, cash flow management, discount optimization, budgeting and granting customer credit lines.
Internalized the previous external accounting.
IFRS including chart of accounts adjustments and reporting under the cost-of-sales method.
Fast-Close for monthly, quarterly and annual financial statements.
Managed the transatlantic integration and cultural issues.
Managed relationships with banks.
ERP and accounting using MS Navision and MS SharePoint.
Reported to the respective executive management and to the group's CFO in Canada.

Jan 2011 - Apr 2011

4 months

Amberg, Germany

Interim Head of Group Controlling / Investment Controlling

Grammer AG

At a publicly listed company.
Supported on functional and technical matters during group restructuring in SAP FI and ECCS.
Merger of two LLCs in one company code.
Managed group-wide foreign currency risks.
Improved processes for data collection from reporting entities.
Performed impairment testing of goodwill and recognition of deferred tax assets in consolidated and individual financial statements.
Prepared disclosures in the notes.
Reviewed the annual report in full, in German and English, before publication, making significant corrections.
Reporting line to the Group Finance Director.

Nov 2009 - Jun 2010

8 months

Aschheim, Germany

Interim Manager in Group Accounting

Dywidag Systems International GmbH

Supported the company during the capital restructuring process.
Improved data exchange between Treasury, Controlling, Accounting, and Group Reporting, as well as between headquarters and reporting units.
Optimized hedging costs through intragroup currency management.
Built internal IFRS expertise.
Main contact for the auditors.
Prepared draft of consolidated notes, including the section on post-balance sheet events.
Prepared a pro-forma balance sheet under the new debt-to-equity structure.
Hedge accounting for interest rate swaps.
Disclosures for financial instruments under IAS 39, IFRS 7, and IFRS 9.
Leases under IAS 17 and revenue recognition (IAS 18).
Unqualified audit opinion obtained.
Cost savings through audit coordination.
Used SAP and MS SharePoint.
Reporting line to the Global Finance Director.

Jan 2009 - Oct 2009

10 months

Giebelstadt, Germany

Responsible for implementing the finance module of Baan/Infor ERP LN

Bavaria Yachtbau GmbH

Worked in a cross-functional team.
Designed account structures to recreate IFRS statements and source systems.
Report programming.
Automated consolidation steps.
Accounting topics, especially IAS 17 lease accounting and IAS 18 revenue recognition (O2C).
Managed treasury through a strict prepayment policy, enabling optimization of purchase discounts on supplier invoices.
Recalculated IFRS reconciliation items for Q2, Q3, and year-end.
Created and conducted training for moving from the total cost method to the cost-of-sales method.
Contact person for the auditor.
Reporting line to the CFO.

Mar 2008 - Dec 2008

10 months

Lindau, Germany

Interim Controller

Metzler Automotive Profiles GmbH

In a post-acquisition environment, introduced SOx.
Supported the local management team with queries from corporate headquarters.
Integrated the newly acquired sub-group into US procedures.
Improved cost calculation using internally developed tools.
Trained the project team, including engineering and sales.
Accelerated closing processes.
Introduced and transferred knowledge on deferred revenue recognition.
Purchase price equation, true-up under US GAAP.
The monthly close in the first project month was completed five days faster than the previous month.
Significantly fewer queries from headquarters.
Identified group-wide ROI improvements.
SAP and Hyperion HFM were in use.
Reporting line to management.

Nov 2007 - Jan 2008

3 months

Starnberg, Germany

Consolidation / US GAAP implementation

Pari Medical Holding GmbH

SAP ECCS go-live by end of Q1/2008.
Developed and implemented accounting policies.
Budgeting and forecasting.
Onboarded the US subsidiaries.
Conversion from US GAAP to HGB (HB II), including introduction of the total cost method.
Defined the chart of accounts based on US GAAP and adapted it for all required disclosures under HGB.
Reporting line to the Head of Accounting.

Jun 2007 - Oct 2007

5 months

Munich, Germany

Process optimization of monthly reporting; special projects

Allianz Global Corporate & Specialty GmbH

On-time closings of the monthly reporting to optimize currency risks by timely reporting and measurement of currency exposures at the group level between reporting units.
Process optimization for existing reporting units as well as documentation of accounting and reporting for newly established reporting units.
The IT systems SAP R/3 FI/CO and Hyperion HFM were used.
Reported to Head of Group Accounting.

Jan 2007 - May 2007

5 months

Munich, Germany

Strengthening the external accounting department

Qimonda AG

During the Q1 and Q2 quarterly closings.
Reporting to the SEC.
Research and documentation on individual topics such as licensing as licensee and licensor, accounting for operational risks, determination of group currency ("functional currency"), Form 6-K filing, and accurate evaluation of footnote disclosures.
SOx audit and process documentation, including O2C.
The IT systems SAP R/3 FI/CO and Hyperion HFM were used.
Reported to Head of Group Accounting.

Nov 2006 - Dec 2006

2 months

Manchester, United Kingdom

External trainer for the new consolidation software (Cognos Controller 2.3)

Resolution plc

Review of the chart of accounts and report generation.
Development of exercises for administrators and other reporting units for monthly reporting, planning, and forecasting.
Knowledge was transferred to different users such as administrators, reporting units, and report authors.

Oct 2006 - Oct 2006

1 month

Oberkochen, Germany

Implementation of IFRS topics

Carl Zeiss AG

At the group level, in collaboration with sub-divisions in a shared services environment.
Topics included revenue recognition (IAS 18), capitalized leases (IAS 17), and special disclosures in the cash flow statement.
On-time and accurate preparation of the consolidated financial statements.
SAP R/3 was used.
Reported to management.

Dec 2004 - Sep 2006

1 year 10 months

Frankfurt am Main, Germany

Principal Consultant

Cognos / Frango! GmbH

Pre-sales consulting and implementation of consolidation and controlling software.
Automation of consolidation and reconciliation entries from local GAAP to group GAAP, and under IFRS or US GAAP.
Configuration of structures, starting with the corporate and management reporting organizational chart, chart of accounts including mapping, cost centers and cost objects, user roles, central or decentralized reporting; account determinations, rules, period management, exchange rate tables, up to report writing and Excel interfaces in "put and push" mode.
Conducting training on the system setup, application, and report creation mentioned above.
The activities also required advanced accounting knowledge and strong expertise in the software functionalities.
Coordinating a team of specialists to set up a test environment to investigate customer-reported errors. Result: continuation of the implementation project (contract value approx. €250k).
Obtaining Cognos Controller certification.

Apr 2001 - Sep 2004

3 years 6 months

Munich, Germany

Finance Director

Accentua Pharma AG (biotech in oncology) / Garderos Software Innovations GmbH (developer of WLAN authentication so

Designing all finance-related workflows and processes within the company.
Creating presentations for existing and potential investors.
Reviewing contract drafts, terms and conditions, and licenses.
Selecting and implementing the accounting software (Lexware Office Pro).
Monitoring cash flow and ensuring sufficient external financing.
Financial reporting under HGB, US GAAP, and IFRS.
Negotiating with auditors, tax advisors, lawyers, and banks.
Preparing and controlling the budget, and producing internal monthly reports.
Responsibility within the management team for pricing, discounts, and payment terms.
Active participation in monthly supervisory or advisory board meetings.
Drafting and updating business plans.
Responsibility for insurance and personnel matters.
Involved in raising over €3 million in three funding rounds.
Strict cash management during financial tight spots.

Sep 2000 - Mar 2001

7 months

Munich, Germany

Senior Director, Financial Accounting

Ingram Macrotron Distributions GmbH

This position included power of attorney rights.
Leading two departments with over 20 employees, reporting directly to the CEO.
Responsible for creating external reports under HGB and internal accounting standards (aligned with US GAAP) for the US parent company.
Main contact for external and internal auditors.
Coordinating cash flow planning in collaboration with the central treasury.
Representing the company in meetings with suppliers and leading negotiations.
Optimizing workflows and special projects.
Revising the invoice auditing process to optimize discounts (approx. €1 million per year).

Nov 1999 - Aug 2000

10 months

Hanover, Germany

Head of Group Accounting

Continental AG

Managing the group accounting department with responsibility for six employees.
Holding regular discussions with the auditor about the restructuring and the content of the first US GAAP group notes for this MDAX group.
Drafting and completing supplements to the internal US GAAP accounting policies.
Central support for over 160 consolidated subsidiaries on group regulations.
Receiving an unqualified audit opinion on the first US GAAP group financial statements.
Receiving positive feedback at the analyst conference and annual general meeting.

Sep 1997 - Oct 1999

2 years 2 months

Moscow, Russian Federation

Audit Manager

Deloitte & Touche CIS

Serving a client base mainly composed of international trading and manufacturing companies.
Preparing and reviewing financial statements under IFRS, US GAAP, and Russian local law.
Managing up to 15 employees (depending on the project).
Working in locations beyond Moscow, including Siberia, the Komi Republic, Ukraine, Kazakhstan, Uzbekistan, and Belarus.
Creating and tracking budgets in project controlling for audit engagements.
Researching, formulating, and preparing detailed, sector-related proposals, and negotiating with potential clients during client acquisition.
Re-stabilizing work practices and the client base after the 1998 ruble crisis.
Contributing to minimizing necessary operational layoffs.
Providing on-the-job training in business English, audit techniques, and IFRS/GAAP to Russian employees.

Oct 1996 - Aug 1997

11 months

Moscow, Russian Federation

Management Consultant

Servicing former KPMG clients

Running short-term contract projects for international start-ups to speed up their launch.
Gaining strong experience in founding a company.
Taking full responsibility for entrepreneurial activities.
Retaining KPMG clients who would otherwise have moved to other audit or consulting firms.
Taking on assignments from other Moscow 'Big Five' audit firms as well.

Sep 1991 - Sep 1996

5 years 1 month

Moscow, Russian Federation

Audit Supervisor - Audit Manager

KPMG

Managing a range of new German clients for KPMG in Moscow.
Securing and negotiating engagements regarding scope, workload, and fees.
Preparing and monitoring budgets as part of project controlling for audit engagements.
Overseeing projects and managing multiple staff across different locations.
Gaining extensive international experience through audits at corporations like Siemens AG, BMW AG, Macrotron AG, Deutsche Aerospace AG, Osram GmbH, Dornier GmbH, and Moksel AG.
Strengthening assertiveness, goal orientation, and adaptability through the challenges of the Russian environment.
Member of a proposal team in Toronto for taking over the Siemens audit engagement in Canada.
Generating new client business worth approximately USD 750k annually.
In Toronto, I was part of a proposal team that successfully won the Siemens audit engagement in Canada from another audit firm with an annual value of CAD 100k.
Developed my German language skills and completed the mentioned blue-chip corporate audits.

Sep 1988 - Aug 1991

3 years

Hamilton, Canada

Auditor - Audit Senior

Price Waterhouse

Audited listed and privately owned companies across all cycles and balance sheet items.
Managed teams of 1 to 6 staff starting in my second year.
Gained IT skills, time planning, and teamwork experience.
Earned the title "Chartered Accountant" in my second year with grades in the top 20%.
Received an offer to transfer to Price Waterhouse in Vienna.
Secured customs duty refunds for a client of over CAD 100k.