Sunil Thukral, CPA, CFA

Senior Finance Consultant

✔️ Helping startups /growth companies establish proper accounting controls, audit readiness, and help getting ready for IPO

✔️ Helping public companies reduce their financial reporting risks

✔️ Architect scalable accounting department and set up cross functional teams

✔️ U.S. GAAP subject matter expert (SME)

• Technical accounting expert
  
• IPO readiness and accounting
  
• Revenue (ASC 606) implementation
  
• Equity accounting expert
  
• Merger and Acquisitions (M&A), reverse mergers, due diligence, restructuring and carve outs
  
• Foreign exchange
  
• Derivatives and hedging
  
• Business and Digital transformation
  
• Management of administrative functions for start-ups and private equity firms: finance, human resources, facilities, information systems and Salesforce.
  

• Technology
• Manufacturing
• Biotechnology
• Healthcare
• Financial Services
• Fintech
• Technology
• SaaS
• Insurance
• SPACs

• Certified Public Accountant (CPA)
• Chartered Accountant (CA)
• Chartered Financial Analyst (CFA)
• University of Delhi, India – Bachelor of Commerce and Diploma in Japanese

How I help CFO’s

How I can Help You and Your Team

How I help Controller’s

Technical Accounting

There are significant opportunities to be seized relating to complex business transactions. However, these transactions involve specialized skills beyond basic accounting, which your full-time employees or bookkeepers may not possess.

That's where I can assist you in navigating the intricate world of financial reporting, risk management, and other transaction-related accounting challenges to help pave the way for success.

Experience

Technical Accounting (U.S. GAAP and IFRS)

• Development of technical accounting papers, dealing with the auditors (partner level), and resolution of accounting for nonroutine items.
  
• Debt/Equity - accounting for new tranche funding (Series A, B, etc.) received by the start-ups, disclosure, reporting, and financial statements.
  
• Revenue recognition (ASC 606) – initial diagnostics and implementation.
  
• A valuable resource for business units resolving technical issues for stock-based compensation, impairments for long-lived assets and goodwill, dispositions, software capitalization, SEC reporting, foreign exchange, carve-outs, SOX compliance, and implementation.
  
• Restated three Form 10Qs and two 10Ks in 10 days to enable the CFO to release the results on time.
  

IPO Readiness Assessment and Support

• Evaluated IPO readiness assessments to ensure compliance with policies/ procedures under U.S. GAAP, updating internal accounting.
  
• Overall Form S-1 project management and liaison with lawyers, Big 4 auditors, and senior management.
  
• Converted the cash-accounted books to accrual accounting, quarterization, Stock options, debt/equity, F-pages, Management Discussion and Analysis (MD&A), Dilution, Cap tables, and reverse mergers.
  

SEC Reporting

• Hands-on management experience of all external SEC Reporting functions involving full preparation and filing of Form S-1, 10-Q, 10-K, Regulation A, and Restatements, including drafting the footnote disclosures, press releases, and MD&A at multiple public companies.
  
• Drafted and improved the footnote disclosures for clients' SEC filings (Form 10K/10Q), both for existing and new accounting standards.
  

M & A Analysis & Post Acquisition Integration

• Drafted accounting memos for acquisitions and ensured SOX compliance with the accounting / due diligence and modeling.
  
• Performed post-acquisition financial processes for the acquired companies, i.e. determination of the goodwill, consolidation of accounting policies and procedures, merger of financial accounting systems (including mapping of the chart of accounts) and developing the monthly closing procedures and reporting.
  

Business Process Improvements/ Special Projects

• Reduced financial close processes by four to ten days making use of Lean Six Sigma techniques.
  
• Implementing Salesforce and other technology tools to improve the operations
  

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