KAREN AKEUNG

6321 Country Fair Circle * Boynton Beach, Florida 33437 * Telephone (561) 523-42
42 *
CAREER SUMMARY
Results-oriented Accountant with over 25 years of proven extensive accounting, f
inancial, and reporting experience in manufacturing, retail, and financial indus
tries. Strong ability to adjust to changing environments and multi-tasking. Know
n for ability to assess and problem resolution. Hands-on participation and signi
ficant exposure to: (1) accounting and financial period-end closings; (2) prepar
ation of monthly, quarterly, and annual GAAP financials; (3) the consolidation o
f global financials; and (4) the implementation of new systems.
PROFESSIONAL EXPERIENCE
OFFICE DEPOT, DELRAY BEACH, FLORIDA 1997 to 2010
An S&P 500 company, supplier of office products and services with annual revenue
s of over US $12 billion and 42 thousand employees worldwide
Analyst - Oracle Project Costing Implementation - 2007 to 2010
Several of the Oracle ERP (Enterprise Resource Planning) Financial System module
s were implemented in 2009. The Project Costing module provided OD with a much n
eeded tool to track all capital spending and to track non-capital spending for c
ertain projects. Implemented the Project Costing module with solution for variou
s functional areas, i.e. marketing, new store construction, remodels, facilities
maintenance, IT initiatives, aviation, supply chain and served as the subject m
atter expert after implementation.
* Gathered customers' requirements of business processes to ensure that new sys
tem would meet and improve on the current business needs.
* Participated in end-to-end testing cycle, including test script development,
data preparation and test execution that enabled the Project Costing module to "
go live" successfully with the other integrated Oracle modules.
* Created Sarbanes-Oxley (SOX) documentation on project costing processes and f
ixed asset processes to ensure that the correct controls were in place as the SO
X department sign-off was needed prior to going live.
* Trained newly created Project Accounting department on system to better enhan
ce their skills to support project initiatives and to assist their business part
ners.
* Assisted in Oracle Fixed Assets and General Ledger implementation with emphas
is on old to new system mapping and financial allocations, to facilitate improve
ments with the new system and not reproduce bad business practices.
* Supported and trained Project Accounting department after implementation, log
ged defects and partnered with Information Technology department to resolve syst
em and reporting issues, tested system fixes and regression testing in new relea
ses which assisted the Project department in timely period -end closings.
Senior Accountant - Property Accounting Department -2005 to 2007
Held leadership role and supported Senior Manager in resolving day to day and mo
nth end issues. While in new Projects Analyst role, trained new supervisor of Pr
operty Accountant department ensuring a smooth transition. Provided support and
training to new members of department, to improve their reconciliation skills. E
nsured that all criteria for successful period-end closings were met by the prop
erty accounting department. Stepped up when asked by management to improve real
estate accrual process and partnered with the Real Estate department to cut down
on unbudgeted surprises.
* Recorded and reported debt and debt compliance with bank, created process wit
h Treasury to record debt and interest expense accruals and recorded intercompan
y loan with Japan. Reconciled and documented processes prior to moving these tas
ks to the Treasury Department.
* Stepped in to cover unfilled positions. Updated and corrected excel spreadshe
ets, recording real estate excess space sublease, receivables and percentage ren
t before passing them on.
 * Review and analyzed property accounts and prepared monthly journal entries ne
eded for a clean period-end closing.
* Prepared Property Accounting audit requests, quarterly and year end and coord
inated review with internal Tax department, SOX department and external accounti
ng auditors.
* Prepared and analyzed capital expenditure reports to support cash flow report
ing.
* Ensured a productive information flow with the retail, business services, cor
porate and financial departments.
* Made real estate tax payments to landlords and government offices for 1100+ O
D locations while continuing with financial duties. Worked with tax consultants
to reduce tax payments. Reported to both Accounting and Real Estate departments.
Reported any unusual discrepancy between payment versus budget to property acco
untant prior to payment so that the business was not unpleasantly surprised at t
he end of the fiscal period.
Staff Accountant - Property Accounting Department -1998 to 2005
* Performed general ledger and chart of accounts maintenance for Property accou
nts for Peoplesoft Financial system.
* Recorded rent expenses - common area maintenance, real estate tax and insuran
ce. Redesigned and reconfigured spreadsheets for the prepaid and accrual account
ing to incorporate using new Peoplesoft system reports.
* Recorded tenant construction and rent allowances - created receivables aging
report and amortization report to assist the Real Estate department in timely co
llection of tenant allowances. Migrated the tenant allowances from the fixed ass
ets line to the rent line when GAAP rules changed.
* Prepared and analyzed pre-opening expense reports. Developed new procedure to
identify, accrue for and reclass pre-opening expenses of approximately US $500
thousand annually which were being missed.
* Reviewed lease acquisition costs to be capitalized or expensed. Created new p
rocess of identifying new store projects and trained the Real Estate Legal assis
tants in coding the invoices so that they were easily identifiable, improving on
research time by 75 percent.
* Prepared annual budget for Property Accounting for approximately US $610 mill
ion and partnered with the different departments to build allocations to shared
facilities and ensure the correct department was being charged..
* Prepared Minimum lease payments forecasting for quarter end reporting to Exte
rnal Reporting.
* Participated in special project teams, and filled in for open staff positions
until they were filled.
Staff Accountant - Fixed Asset Department -1997 to 1998
TRIARC RESTAURANT GROUP (FORMERLY ARBY'S INCORPORATED), FT LAUDERDALE, FL 1996 t
o 1997
A holding company for varied businesses
General Accounting Analyst(Consultant)
* Managed cash and receivables and 80+ bank reconciliations. Developed procedur
es and methods to generate timely, accurate bank reconciliations.
* Participated in special project teams including year end audit preparation
BAYPORT RESTAURANT GROUP, FT. LAUDERDALE, FL 1996
Crab House restaurants in the Southeast United States.
Fixed Assets and Capital Cost Containment Accountant
* Monitored and accounted capital improvements and new construction expenditure
s.
* Member of transition team to close and finalize Bayport Group's subsequent to
purchase by Landry's Seafood Restaurants.
* Recorded and reconciled General Ledger activity and produced store level and
corporate level monthly P&L's
ARBY'S INCORPORATED, FT LAUDERDALE, FL 1995 to 1996
A fast food restaurant chain in the United States and Canada
Fixed Assets Analyst
* Maintained integrity of Fixed Asset subsystem and General Ledger property and
depreciation accounts for 370+ company owned properties.
* Member of team to improve the ongoing Accounts Payable/Fixed Assets/General L
edger/Tax process to improve accountability and reduce manhour efforts, resultin
g in a headcount reduction of 5 and reducing reconciliation time by 70%.
* Developed and maintained construction in process system to track and monitor
actual and budget expenses, along with subsequent capitalization procedures.
* Prepared monthly management reporting schedules including: Property rollforwa
rd schedules, capital expenditures, depreciation and gain/loss expense analysis.
* Produced book and tax depreciation expense projections for budgeting and fore
casting.
* Prepared schedules, entries and methods to account for FAS 121 impairment of
fixed assets.
* Developed methods to obtain ongoing store physical inventory and provide supp
ort to store operations.
* Reconciled $4.8 million difference between FA subsystem and General Ledger.
PROSOURCE DISTRIBUTION SERVICES, MIAMI, FL 1992 to 1994
A leading foodservice distribution company specializing in serving casual dining
and quick-serve chain restaurants in the United States and Canada.
General Ledger and Fixed Assets Accountant
* Performed general ledger and chart of accounts maintenance.
* Ensured accurate month-end Fixed Asset subsystem to General Ledger.
* Responsible for general ledger month end close tasks.
* Successfully converted data and implemented Oracle Fixed Assets system.
* Maintained integrity of FA subsystem and GL property and depreciation account
s for 21 distribution centers.
* Developed and maintained monthly capitalized and operating lease and rent sch
edules and payables.
* Prepared Properties section (Fixed Assets and Leases) audit and tax schedules
and management reports. Coordinated review with internal tax department and ext
ernal accounting auditors.
* Provided ongoing support to regional offices and distribution centers for acc
ounting related issues.
BURGER KING CORPORATION, MIAMI, FL 1990 to 1992
One of the largest fast-food chains in the United States.
Payroll Analyst
* Migrated and reconciled payroll and human resources data from Burger King to
Prosource Distribution.
Fixed Assets Accountant(Consultant)
* Maintained integrity of FA subsystem and general ledger property and deprecia
tion accounts for 500+ company owned properties.
* Participated on team to successfully reconcile and account for cost of constr
uction for 500+ company owned properties.
SMITH NEW COURT, CARL MARKS, NEW YORK,NY
A market-maker in foreign securities, the product of a merger between Smith New
Court Inc. and the trading and settlement operations of Carl Marks & Co. Inc.
Assistant to Director of Corporate Accounting
DEAN WITTER REYNOLDS, NEW YORK, NY
Stock brokerage and securities firm catering to retail clients
Unit Leader of Purchases and Sales Department
COATES BROTHERS LTD., JAMAICA, WI
Manufacturer of printing inks. Parent company in England Assistant Controller
Statistics Assistant to Marketing Manager
COMPUTER SKILLS
Oracle Implementation 11.5.10.2 - Project Costing (Family Pack M), Assets, Tutor
, Mercury Test Director; COGNOS Reporting; Peoplesoft Financial System; MSA Gene
ral Ledger System; Software 2000 Financial Management System; ADP Payroll; MS Of
fice Suite, Excel, Access, Visio; Essbase; Hyperion Enterprise Reporting
EDUCATION
Humber College of Applied Arts and Technology - Ontario, Canada
General Business Diploma Major: Accounting and Marketing
Oracle Education - Project Costing, Project Resource Management, 12.i