Nicole developed a number of simple scenarios to highlight possible pitfalls with the FASB’s proposed guidance in its “Revenue Recognition in Contracts with Customers” discussion paper. In addition, Nicole helps prepare Mind the GAAP comment letters in response to invitations from various standard setters. She also pays special attention to the specific needs of the audience when designing training materials. Nicole ensures that the programs are attention-grabbing, interactive, and – most importantly – instructive. Since that time, Nicole has been designing and developing training programs on a wide range of topics, from highly technical accounting subjects (such as the accounting for variable interest entities) to the internal control implications of allowing social networking at work. Nicole Karp first began working for Mind the GAAP in 2003. I want to make sure that every audience member takes away important lessons from the training and hopefully has some fun along the way!” “When designing training programs for Mind the GAAP, I put myself in a participant’s shoes. In his free time, Scott enjoys traveling and spending time with his wife, Deb, and their two children. Scott graduated from Bucknell University as class valedictorian and was awarded the Gold Medal Award in the state of Connecticut for the highest score on the November 1993 CPA exam. Prior to founding Mind the GAAP, Scott was a senior manager at Arthur Andersen, spending his final three years in the firm’s professional standards group. Recent topical areas that Scott has discussed with clients include lease accounting, share-based payment arrangements, revenue recognition and debt versus equity classification.īeyond training and consulting, clients trust Scott to perform other important projects, such as creating models to value warrants, developing web-based accounting policy manuals, and managing conversions from local GAAP to IFRS. Scott thoroughly enjoys breaking down complex technical issues and trying to find solutions that are faithful to the underlying economics of a transaction, compliant with GAAP regulations, and operational. This observation led to the development of Mind the GAAP’s consulting and advisory service offering. ![]() ![]() Shortly after delivering one of Mind the GAAP’s first training sessions, Scott recognized that some companies were looking for a “sounding board” – someone with whom they could discuss technical accounting and regulatory questions before forming conclusions and presenting them to the auditors. He also understands the benefits and constraints of e-Learning, and has worked with leading organizations to maximize the outcomes from this form of training. Having facilitated courses for around 30 years, Scott is very comfortable instructing in large or small group settings. He is an expert at taking complex concepts and making them understandable to all. Training and personal development has always been one of Scott’s passions. Scott Ehrlich started Mind the GAAP in 2002 to develop the highest quality, best-in-class U.S. Equally as important, I get to work with truly exceptional people each and every day.” My job description is essentially to help companies try to do the right thing from a financial reporting perspective, through training and consulting. ![]() ![]() “Without a doubt, forming Mind the GAAP has been my most rewarding professional experience.
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