Consolidation Accounting with Andrea Lockhart
Advisory CPA Group
Andrea is an accounting and audit professional with over 24 years of public and private industry experience. She has extensive knowledge of consolidation accounting and currency conversion with multi-national publicly traded companies using Hyperion Financial Management (HFM) and Hyperion Enterprise, and foreign currency translation. She is also an avid marathon runner and triathlete.
In this episode of Websuasion Conversation, we discuss accounting systems, preparing for growth, and focusing on niche groups.
Introduction
Andrea tells us about the turn of events that led to her attending North Carolina A&T. .
Financial Audits
Andrea tells us about working for Ernst & Young performing financial audits
Consolidation Accounting
Andrea talks to us about combining multiple companies operating independently into one financial statement.
Publicly Traded Companies
Andrea talks about the guidelines that a publicly traded company must follow in reporting their financials.
A Shift in Experience
Andrea tells us about working for Servcorp and dealing with general accounting as well as reporting data to Australia.
Minimizing Exposure to Risk
Andrea discusses some of the reasons she chose a partnership as one of her first entrepreneur opportunities.
Focusing on Niche Groups
Andrea talks about focusing on clients in the entertainment industry as well as government contracting.
Hyperion Software
Andrea talks about Hyperion, a software system she uses to consolidate financial statements for her clients.
Accounting Systems
Andrea discusses how important it is to have an accounting system to monitor expenses and deductions throughout the year rather than waiting until December.
Looking to Expand
Andrea talks about growing a company while keeping a manageable staff.
Business Development
Andrea discusses some of the networking opportunities to expand into the niche market of the film industry.
Preparing for Growth
Andrea tells us about the importance of preparing for growth and putting measures in place to deal with that growth.
Marathons and Triathlons
Andrea talks to us about how she started running and how that grew into competing in marathons and Ironman Triathlons.
App Developer Checklist
You've been busy building your business, not learning all the ins and outs of application development. There's no reason you should know what it takes to develop a quality, maintainable application and bring it to market. But, before you contract with any firm (including ours), you should understand what is considered the standard. So, we've developed a handy two-page checklist. It will arm you the questions you need to ask before you move forward.
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J. Ryan Williams is president and founder of The Websuasion Group LLC. He has over 20 years of application development experience. Ryan has experienced the challenges of changing technology and growing a business. Having benefited from mentors throughout his career, he now works to mentor others.