407-740-7500 info@cssa.pro

Deborah (Deb) S. Adkins

MSA, CPA, CFF, CGMA

Co-Founder and CEO

Over the course of her dynamic career, Deb has assisted many clients overcome financial and accounting challenges. She is able to draw on impressive and varied experiences to implement creative and proven strategies to best serve clients.

Deborah (Deb) S. Adkins

MSA, CPA, CFF, CGMA

Co-Founder and CEO

Over the course of her dynamic career, Deb has assisted many clients overcome financial and accounting challenges. She is able to draw on an impressive and varied experiences to implement creative and proven strategies to best serve clients.

Senior Financial team member for numerous companies, ranging in size from start-up operations to $1.5 billion in annual revenue.

During her career as a senior financial team member, Deb served as both a partner with a national professional services organization, and as interim Chief Financial Officer (CFO) to several companies. She has worked with private, public and nonprofit companies ranging in size from start-up operations to $1.5 billion in annual revenue.

Over the course of her dynamic career, Debbie has helped many clients overcome financial and accounting challenges. From ERP implementation to establishing self-funded health insurance plans, she is able to draw on impressive and varied experiences.

As the Partner, Forensic Accounting and Litigation Support for a regional multi-office CPA firm, Deb provided litigation, forensic accounting and fraud consulting services in a variety of industries.  She worked as sole proprietor of her own forensic accounting CPA firm, Senior Vice President in a forensic accounting firm, partner with a national professional services organization, and consultant and interim Chief Financial Officer (CFO) to several companies.

Financial and Accounting

Adept in various CFO, controllership and treasury functions, she has provided stellar services in the areas of financial analysis, SEC reporting, mergers and acquisitions, human resources administration, budgeting, cash management, banking relationships, contract negotiations and risk management.

She also provided compliance reporting, including Sarbanes-Oxley compliance, to create and document accounting procedures to assist clients with their accounting internal control systems.

Additionally, she has assisted both nonprofit and private companies in the internal audit function.

Forensic Accounting and Litigation Support

As the Partner, Forensic Accounting and Litigation Support for a regional multi-office CPA firm, Deb provided litigation, forensic accounting and fraud consulting services in a variety of industries.

In addition to corporate fraud deterrence and detection services, Deb provided consultation to counsel and provided expert witness testimony in the areas of financial document review, asset tracing, quantification of damages in matters involving marital litigation, commercial and shareholder disputes.

Deb gained diverse experience in public accounting in her roles as sole proprietor of her own forensic accounting CPA firm, Senior Vice President in a forensic accounting firm, partner with a national professional services organization, and consultant and interim Chief Financial Officer (CFO) to several companies.

Adept in various CFO, controllership and treasury functions, she has experience providing services in the areas of financial analysis, SEC reporting, mergers and acquisitions, human resources administration, budgeting, cash management, banking relationships, contract negotiations and risk management.

Manufacturing

Adept in various CFO, controllership and treasury functions for high-tech manufacturing firms, Deb has experience providing services in the areas of financial analysis, SEC reporting, mergers and acquisitions, human resources administration, budgeting, cash management, banking relationships, contract negotiations and risk management.

Deb served manufacturing clients for over 20 years. Included during this time, she served as the CFO/Treasurer for a subsea electrical and fiber optic interconnect systems manufacturer, whose systems are used in offshore oil and gas, defense, oceanographic and telecommunications applications.

Additionally, she served as Vice President and Controller for an $800+ million public consumer electronics manufacturer and distributor with  international facilities in Canada, England, Germany, Italy, Hong Kong, Japan, and Peoples Republic of China. The electronics manufacturer had a total of 22 subsidiaries throughout the world.

Not for Profit

During 2011, Debbie spent approximately 6 months working with a Tampa nonprofit in the capacity of interim CFO. She helped complete a list of goals for the organization plus helped select the permanent CFO replacement.

During 2012 and 2013, Debbie’s non-profit clients included two membership-based professional associations. One organization serves the entire financial operations ecosystem and is based in Central FL with affiliates throughout the U.S. and Canada. The other organization provides world-class continuing professional development for the global veterinary healthcare community and is located in North Florida.

From 2016 to 2020, serving as the CFO and Treasurer, Deb oversaw the statewide business and financial management of a large nonprofit that offered services to children and their families throughout the state of Florida. She also oversaw the financial management of the nonprofit’s foundation in her role as Vice President.

Some of her key accomplishments included: improved net profits, reduced expenses and improved EBITDA; implemented a multi-year project to de-risk a frozen pension plan; restructured financial debt and elimination of bank swaps; reduced bank debt with sales of non-performing assets; and moved the organization from a fully insured to partially self-insured health insurance plan (read the case study). In all, by creating a more financially stable organization to better meet the needs of Florida’s children, she was nominated for and won a 2019 Orlando Business Journal “Women Who Mean Business” award.

Author and Speaker

For approximately 10 years, Deb served as Lead Faculty/ Academic Chair for a Central FL university campus. She currently teaches accounting ethics and forensic accounting courses. One organization serves the entire financial operations ecosystem and is based in Central FL with affiliates throughout the U.S. and Canada. The other organization provides world-class continuing professional development for the global veterinary healthcare community and is located in North Florida.

From 2016 to 2020, serving as the CFO and Treasurer, Deb oversaw the statewide business and financial management of a large nonprofit that offered services to children and their families throughout the state of Florida. She also oversaw the financial management of the nonprofit’s foundation in her role as Vice President.

Some of her key accomplishments included: improved net profits, reduced expenses and improved EBITDA; implemented a multi-year project to de-risk a frozen pension plan; restructured financial debt and elimination of bank swaps; reduced bank debt with sales of non-performing assets; and moved the organization from a fully insured to partially self-insured health insurance plan (read the case study. In all, by creating a more financially stable organization to better meet the needs of Florida’s children, she was nominated for and won a 2019 Orlando Business Journal “Women Who Mean Business” award.

Deb generously shares her expert knowledge with colleagues and other members of the professional business community. She is a frequent presenter at national conferences and seminars on topics including internal controls and fraud. Deb has published accounting CPE courses and served 5 years as author and host of a nation-wide monthly audio CPE accounting news digest.

She currently serves as Lead Faculty/Academic Chair for the Central FL University of Phoenix campus. She has developed curriculum materials for the University of Phoenix and DeVry University. She served as the Lead Subject Matter Expert (SME) for the AUDIT section to develop materials and video record instructional course materials for the University of Phoenix CPA exam preparation program.

Help Business Succeed

From international corporations under major transition to start-ups and non profits:

  • Transition companies through management and ownership.
  • Banking liaison responsible for loan negotiations and cash management.
  • Optimize financial health:
    • Improve net profits/reduce expenses, streamline processes and improve EBITDA.
    • De-risk pension plans, yielding reductions in liabilities and increases to non-operating income.
    • Reduced bank debt with sales of non-performing assets.
    • Restructure financial debt by moving company into more traditional financing.
    • Move organization from a fully insured to partially self-insured health insurance plan. (Read Case Study)
    • Implement best practices in: financial statements and reporting, departmental budget processes, sales forecasting, company 401(k) and 403(b) plans, profit sharing plans, and sales incentive bonus plans.
    • Implement new financial software.
  • Implement Advanced Forensic Accounting techniques: Internal Control systems & fraud prevention/detection systems.
  • Due diligence for acquisitions and mergers; public stock offering and equity investment.
  • Risk Manager for corporate commercial and employee benefit insurance policies
  • Support for handling post-acquisition agreements, collective bargaining negotiations, and transfer pricing.

Professional Designations and Licenses

  • Certified Public Accountant – Florida
  • Certified in Financial Forensics – AICPA
  • Chartered Global Management Accountant – AICPA

Memberships

  • Financial Accounting Standards Board (FASB)
    • Appointed by then Chairman, Robert H. Herz: Small Business Advisory Committee (SBAC), 2010-2015
  • American Institute of Certified Public Accountants (AICPA)
  • Florida Institute of Certified Public Accountants (FICPA)
    • Chair: Valuation, Forensic Accounting and Litigation Services section, 2009-2010
  • Association of Certified Fraud Examiners (ACFE)
    • Former Associate
    • Member
    • Central Florida Director, 2003-2010
    • National Membership Awards Committee, 2007-2008
  • Financial Executives International (FEI, a NonProfit)
  • Friends of Orange County Library System (NonProfit)
    • Board Member, 2003-2010
  • Quest, Inc. (Central FL NonProfit)
    • Former Committee Member
  • University of Central Florida Alumni Association

Awards

Published

  • Advanced Forensic Accounting – published by Thomson Reuters.
  • Served as co-author to develop materials for a leading national university’s CPA exam preparation program; served as the Lead SME for the Auditing section.

Education

  • University of Central Florida
    • Master of Science, Accounting
    • Bachelor of Business Administration, Accounting
  • St. Louis Christian College
    Bachelor of Science, Education

FINANCIAL MANAGEMENT | FORENSIC ACCOUNTING | PROCESS IMPROVEMENT

Controllership
Treasury Functions
Financial Analysis
SEC Reporting
Mergers and Acquisitions

Human Resources Administration
Budgeting
Cash Management
Banking Relationships
Contract Negotiations

Risk Management
Due Diligence
Internal Control Systems
Debt Restructuring
De-Risk Pension Plan

practical Experience, Impactful solutions

Optimize Health Insurance Plan

Statewide non-profit with more than 1,700

Moved from a from a fully-funded health insurance plan to a partially self-funded plan, providing improved coverage for the employees, reduced company operating expenses, improved company cash flow and reduced premium cost to the employees in the future.

Evaluate Financial Software

Stays on the edge of technology

Implemented new ERP and budget software to replace vintage software. Also added some electronic bots to process routine transactions. Has also served in the CIO role.

Restructure Financial Debt

Replaced riskier and higher cost debt

Restructured financial debt by eliminating two bank swaps and moved the organization into more traditional funding.

Strength Business Standing

Vision to favorably impact the Company’s Treasury

Improved the company balance sheet by approximately $10 Million, reduced expenses by 10% and improved EBITDA by 9% as a result of a multi-faceted approach.

Reduce Company Expenses

Reviewed key vendor contracts

A thorough review of service provider contracts allowed a reduction in overall expenses of approximately 9%.

De-Risk Pension Plan

Improved organization’s tangible net worth

By eliminating approximately $15 Million of liabilities from a frozen pension plan, the organization was able to increase its net worth by the same amount.

Improve Company Profitability

Improved Net Profit

Reviewed commercial insurance policies and found better suited providers and plans that cost less.

ROLES SERVED

SPANNING 40+ YEARS IN ROLES INCLUDING:

  • Chief Financial Officer

  • Treasurer

  • CFO Partner

  • CEO

  • Partner-Forensic Accounting & Litigation Services

  • Senior Vice President

  • Corporate Vice President

  • Controller

  • Divisional Vice President

  • Divisional Controller

  • Accounting Clerk

COURSES TAUGHT

EDUCATING THE NEXT GENERATION OF FINANCIAL PROFESSIONALS SPANNING 17+ YEARS

  • Corporate Finance
  • Situational Ethics in Accounting
  • Detection & Prevention of Fraud in Financial Statements
  • Accounting Capstone
  • Managerial Accounting & Legal Aspects of Business
  • Forensic Accounting & Fraud Examination
  • Business Financial Decision Making
  • Not-for-Profit & Government Accounting
  • Financial Controlling
  • Advanced Topics in Accounting Research
  • Contemporary Auditing

Personal Mission

“In order to live life to the fullest, it is critical to identify your most important priorities and persevere to reach your goals. Also, allow for the flexibility to balance your mind, heart, body and soul. When you find you have made a wrong decision about something, look to find the good that can come out of it and pursue it. By carrying these principals with me in both my life and my work, I am able to help my clients overcome their greatest challenges.”