Accounting Advantage | 6276 Jackson Road, Suite B, Ann Arbor, MI 48103

M King

On Assignment in CuracaoMartha J. King, CPA

Summary of Qualifications

Ms. Martha King has more than seventeen years of experience in the accounting and auditing field.  Ms. King has a broad range of experience with budgeting, financial reporting, control assessment, and is accomplished in all areas of accounting including accounts receivable, accounts payable, inventory, control assessment, and financial statement presentation.   She has performed many assignments specifically related to cost efficiencies and reporting as well as day to day accounting functions.  She also has extensive internal control and financial auditing experience.

Areas of Experience

  • Compliance Auditing
  • Budget Planning and Forecasting
  • Management Reporting
  • Financial Compilations
  • Financial Systems Process Management
  • Internal Control Analysis
  • Internal Auditing
  • Affiliated Relations
  • Customer Accounting
  • Management Information Systems
  • Project Management
Detailed Qualifications
Overview Ms King begun her career as a public accountant for Ernst & Whinney (now Ernst & Young) where she was heavily involved in audit planning for her clients.  She took into consideration the risks, internal controls, systems, and procedures.  She moved to New England Electric System as a financial analyst and worked with accounts payable processing and analysis, estimates and performed general fluctuation analysis of other general ledger accounts.  Next at an international manufacturing company, she took on the responsibilities of the US internal auditing department, where she further honed her auditing, planning, and risk analysis skills.  Then Ms. King opened a national consulting practice specializing in the financial aspects of regulated industries.  She also serviced local business needing systems and procedural assistance in financial related areas.  This practice has been ongoing since the early 1990’s.
SPECIFIC RECENT ASSIGNMENTS

Fowler and Associates – Maintain accounting records for new office construction for consulting firm including tracking and monitoring payables and budget to actual expenditures.  Reports are presented to management on a regular basis.

Ann Arbor IT Firm – Update and present monthly break-even analysis and budget reports to management team.  Compile monthly financial statements for management and quarterly financial statements for bank as required by debt agreement.

Hoosier Diamond – Accountant for Indianapolis based youth sports organization.  Maintained all accounting records on Peachtree accounting system, reconciled bank accounts, tracked payables, and employee receivables, presented financial reports on request and interfaced with tax specialist to maximize tax opportunities.

Ypsilanti Funeral Home – Reviewed and analyzed older QuickBooks system that was reaching its list limit.   Upgraded to more recent QuickBooks edition and transferred all current customers, vendors, and items.  Addressed accounting and QuickBooks questions as needed.   Interfaced with owner and lead accountant to streamline the installation and minimize down time. 

Ameriserv Group – Accountant for Dexter based vending company with locations in over 5 states.  Maintained accounting records on a Peachtree system.  Reconciled cash, monitored and processed payables, maintained fixed asset records, and conducted annual physical inventories.  Ms. King also created annual and monthly budgets, that were reviewed and approved for use by the management team.  Financial reports were presented monthly, including budget analysis and process improvement ideas.  Interfaced with tax specialist at year end to maximize tax opportunities.

Deda’s Bakery – Created QuickBooks system for local bakery including installation and input of list data that tracked all inventory and customer data.  Trained owners to use the QuickBooks to maximize and utilize their data for customer contact and inventory control and minimize their time spent with accounting.

Indianapolis Power and Light – Performed a review of the call center and OMS at IPLCO as part of a review of the companies’ performance and reporting.

Commonwealth Edison – Consultant for an original cost audit of Delivery System assets for the Illinois Commission focusing policy and procedures review, internal and external audit review and detail testing.

Pacific Gas & Electric – Lead Consultant for six consecutive audits of PG&E’s compliance plan with the California Public Utilities Commission Affiliate Transactions Rules.

Other Business and Professional Experience

Ms. King is currently operating Accounting Advantage based in Ann Arbor, Michigan.  She works with a team of professionals specializing in accounting automation and process improvement.  Ms. King performs compilations, reviews, audits and write-up services  for  local businesses.  Ms. King also supports QuickBooks and Peachtree accounting systems with installation, trouble shooting and report maximization for management.  She also meets with clients, reviews their internal control structure, analyzes business and financial risk, and compiles operational reports on an as needed basis.

Nationally, Ms. King works with various state commissions and regulated industries focusing on process analysis and improvement, management reporting, affiliate relations, budgeting and strategic planning, auditing, and customer service to name a few areas in which she has consulted.

In the past, Ms. King was an Internal Audit Manager for T&N Industries, the North American headquarters for an international manufacturing company, located in Ann Arbor, Michigan.  She was instrumental in the establishment of a new audit department.  She was responsible for all of the audits and associated communication from the company’s headquarters to the international parent and the 30 North American subsidiaries.  She was also responsible for all audit reports and their presentation to the Audit Committee.  In addition, she coordinated and organized the North American Computer Disaster Recovery Program for North American subsidiaries.  She also worked with accounting to produce quarterly and annual financial statements, including the statement of cash flows and departmental budgets.

Ms. King served as a Financial Analyst for New England Electric System, a large public utility holding company with 10 subsidiaries, including one wholesale and three retail companies.  In this capacity, she supervised and coordinated the quarterly and annual public audits, analyzed outage expenditures and tracked costs versus budget, analyzed over and under base rate collection by company, computed and tracked the associated interest, analyzed monthly general ledgers including performance to plan, identified opportunities and exposures, and implemented corrective actions.  She was responsible for the preparation and analysis of the quarterly consolidated and subsidiary financial statement variance analysis for the respective Board of Directors’ meetings.  She was actively involved in the preparation of the financial statements and responsible for restating the Annual Report and the Supplemental Annual Report (10-year financial history) for FAS 95, Statement of Cash Flows.

In addition, Ms. King was an Audit Senior for Ernst & Whinney, where she managed and coordinated numerous audit engagements, including internal control reviews.  She oversaw the engagement from initial contact with clients to presentation of financial statements and discussion of internal controls current status and potential improvements to clients and their boards of directors.

Education and Certifications

  • B.B.A., University of Michigan
  • C.P.A., State of Michigan
  • Quick Books Advanced ProAdvisor

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