Finance
Owning revenue for 70+ contracts, and fixing what the numbers were hiding.
Four years in FP&A at Baker Hughes, owning revenue for multi-year service contracts. Here's what that involved, and the problems worth telling you about.
- annual revenue
- $200m+
- contracts
- 70+
- backlog cleared
- $50m+
Selected work
3 case studiesHow I run the numbers
ItemDetail
- 01The portfolio
- Contracts from $1m to over $1bn, some running 50 years
- 02What I owned
- Revenue, cost, margin, billing and deferred balances
- 03The rules
- US GAAP, ASC 606 and SOX
- 04The close
- Monthly and quarterly, across legal entities and currencies
- 05The early warning
- Daily pacing with the Regional Finance Managers
- 06The audit trail
- First finance contact for internal and external auditors
Systems
- Oracle ERPAccounting system
- OBIEEReporting
- BlackLineAccount reconciliations
- HFM/HyperionConsolidation
- ExcelAnalysis and modelling