Office Locations: Midwest South/Mid Atlantic New England

John Shesterkin

Revenue Recognition Sme

35+ Years Multi-industry Leadership In Technical Accounting And Operations

After graduating from Bentley College with a BS in Finance, John’s accounting career progressed rapidly through successful stints in public companies, of which included the original internet shopping cart technology, a natural language understanding (NLU) pioneer that provided the software powering Alexa, SIRI, and GM OnStar, and a major health R&D company supporting more than 80% of the life saving and life enhancing drugs developed for worldwide consumption. John’s clients value his rich and diverse industry experience and his broad expertise in technical revenue accounting.

Highlights

  • John has been a multi-industry Subject Matter Expert (SME) for technical revenue accounting and operations for virtually his entire career. John has interpreted and applied guidance covering diverse and complex contracts and accounting situations for several multi-billion-dollar public companies.
  • John was the technical project architect for two separate ASC 606 revenue transitions covering multiple billions of dollars in revenue; responsible for scoping, review methodology, contract research and conclusions, scheduling & management of internal and external resources, and prime liaison with external auditors.
  • John has worked with BDO and the Big 4; he’s had significant exposure to different partners and management styles, the nuances of technical guidance between firms, and diversified auditing approaches.
  • John has led accounting and operations teams in challenging fast-paced environments, typically requiring strong people skills, quick thinking, creativity, efficient processes, and effective and competent daily management.
  • John has led inter-departmental Pricing Committees, advising on the accounting implications for new products and services, system SKU set-ups and default accounting, and optimal selling constructs.
  • John was a key participant on implementation projects related to Tier 1 ERP (Oracle and SAP) systems and upgrades, Rev Pro, NetSuite, Zuora, Blackline, and Salesforce (including Sales Tracking, Contracts Management, and CPQ constructs and workflows).
  • John led a worldwide organizational transformation project, moving decentralized revenue accounting responsibilities embedded in 9 separate operating companies across 80 worldwide locations into a fully-staffed centralized HQ location.
  • John was a key participant in a successful IPO taking a small upstart telecom software company public. Over several years, John was a key part of the team that grew that tiny company from a VC-funded, zero revenue entity into a $500M revenue public company that was eventually acquired for $2.9B.

Expertise

Skills:

  • Advisory
  • Problem solving/avoiding
  • Strong communicator
  • Effective motivator
  • M&A transitions
  • Contract reviews and accounting conclusions
  • Contract support/negotiations; interpreting/drafting legalese
  • Applying technical guidance
  • Resource planning, FP&A
  • SEC financial reporting including MD&A
  • Finance transformation
  • Business process design and efficiencies
  • Internal Controls design and definition; remediation of control issues/deficiencies
  • Training and staff development

Industries/Applications:

  • Health/pharma R&D
  • Software, including SaaS business models
  • Hardware
  • Services
  • Government/GSA
  • Finance/leasing

John Shesterkin

Technical Accounting & Operations

35+ Years of Multi-Industry Leadership In Technical Accounting And Operations

After graduating from Bentley College with a BS in Finance, John’s accounting career progressed rapidly through successful stints in global publicly traded companies, of which included the original internet shopping cart technology, a natural language understanding (NLU) pioneer that provided the software powering Alexa, SIRI, and GM OnStar, and a contract development and manufacturing organization (CDMO) supporting more than 80% of the life saving and life enhancing drugs developed for worldwide consumption. John’s clients value his rich and diverse industry experience and his broad expertise in technical revenue accounting.

Highlights

  • John has been a multi-industry Subject Matter Expert (SME) for technical revenue accounting and operations for virtually his entire career. John has interpreted and applied guidance covering diverse and complex contracts and accounting situations for several multi-billion-dollar public companies.
  • John was the technical project architect for two separate ASC 606 revenue transitions covering multiple billions of dollars in revenue; responsible for scoping, review methodology, contract research and conclusions, scheduling & management of internal and external resources, and prime liaison with external auditors.
  • John has worked with BDO and the Big 4; he’s had significant exposure to different partners and management styles, the nuances of technical guidance between firms, and diversified auditing approaches.
  • John has led accounting and operations teams in challenging fast-paced environments, typically requiring strong people skills, quick thinking, creativity, efficient processes, and effective and competent daily management.
  • John has led inter-departmental Pricing Committees, advising on the accounting implications for new products and services, system SKU set-ups and default accounting, and optimal selling constructs.
  • John was a key participant on implementation projects related to Tier 1 ERP (Oracle and SAP) systems and upgrades, Rev Pro, NetSuite, Zuora, Blackline, and Salesforce (including Sales Tracking, Contracts Management, and CPQ constructs and workflows).
  • John led a worldwide organizational transformation project, moving decentralized revenue accounting responsibilities embedded in 9 separate operating companies across 80 worldwide locations into a fully-staffed centralized HQ location.
  • John was a key participant in a successful IPO taking a small upstart telecom software company public. Over several years, John was a key part of the team that grew that tiny company from a VC-funded, zero revenue entity into a $500M revenue public company that was eventually acquired for $2.9B.
  • Multi-industry public company Subject Matter Expert (SME) for technical revenue accounting and operations.
  • Technical project architect for two separate and complex ASC 606 revenue transitions involving, in the aggregate, thousands of contracts and several billion dollars in revenue; performed project scoping and review methodology, contract research and conclusions, management of internal and external resources, and led all project communications with stakeholders.
  • Led worldwide organizational transformation project moving decentralized revenue accounting responsibilities embedded in nine separate operating companies across eighty worldwide locations into a fully-staffed centralized HQ location; recruited and hired new revenue team; designed and implemented all new processes and controls.
  • Led project to redesign and document internal controls for a multi-billion dollar publicly traded computer services company.
  • Implemented and optimized Tier 1 ERP systems and complementary software.
  • Successful IPO; key member of a team that transformed a small, VC-funded, zero revenue entity into a $500M fully compliant public company, subsequently purchased for $2.9B.

Expertise

Skills:

  • Executive advisory
  • Problem solving/avoiding
  • Effective team builder and motivator
  • M&A transitions
  • Contract reviews and accounting conclusions
  • Sales contract support/negotiations
  • Interpreting and applying technical guidance
  • Resource planning, FP&A
  • SEC financial reporting including MD&A
  • Finance transformation
  • Efficient and effective business process design
  • Internal Controls design; remediation of control issues/deficiencies
  • Training and staff development

Industries/Applications:

  • Life Sciences
  • Software, including SaaS business models
  • Hardware
  • Services
  • Government/GSA
  • Finance/Leasing