Michael Buttram
About Michael Buttram
Michael Buttram serves as the Senior Vice President of Financial Reporting at Preferred Apartment Communities, Inc., where he has significantly improved reporting efficiencies and company profitability. He has extensive experience in SEC reporting and technical accounting, with a strong track record of successful document filings and process improvements.
Work at Preferred Apartment Communities
Michael Buttram serves as the Senior Vice President of Financial Reporting at Preferred Apartment Communities, Inc. (NYSE: APTS) since 2017. He has been instrumental in enhancing the financial reporting processes within the organization. In addition to his current role, he has also held the position of Vice President of Accounting and Financial Reporting at the same company since 2011. His tenure at Preferred Apartment Communities spans over 13 years, during which he has contributed to significant improvements in financial operations.
Education and Expertise
Michael Buttram earned a Bachelor of Science degree from Auburn University, completing his studies from 1985 to 1990. He holds a CPA Certificate from the State of Alabama, with the certificate number 6313. His expertise encompasses technical accounting research and implementation in various areas, including equity compensation, accounting for derivatives, goodwill and intangible assets, impairment of investment securities, fair value measurements, and consolidation of variable interest entities.
Professional Background
Michael Buttram has a diverse professional background with extensive experience in financial reporting and accounting. He worked at ING as the Director of SEC Reporting from 2001 to 2003. He held the position of Director at Financial Intelligence, LLC for nine months in 2010, and served as an SEC Reporting XBRL Consultant at Webfilings, LLC for three months in the same year. His previous roles also include FASB Statement No. 123(R) Financial Reporting Manager at Morgan Stanley Smith Barney from 2006 to 2009, and SEC Reporting / Technical Accounting Consultant at HealthSouth Corporation from 2005 to 2006.
Achievements in Financial Reporting
Michael Buttram has a proven track record in financial reporting, achieving a 100% success rate in over 50 SEC document filings. He developed a general ledger account reconciliation tool that reduced reconciliation time by 50%. Additionally, he implemented process efficiencies that shortened the reporting cycle by 10%. His efforts have also led to an increase in company profitability by $700,000 annually through the identification of additional deferrable revenue acquisition costs and corrections in the calculation of allowance for doubtful accounts.
Consulting Experience
Throughout his career, Michael Buttram has also engaged in consulting roles. He worked as a Regulatory Reporting Consultant at Bank of America for three months in 2011 and served as a SOX Consultant at Vesta for two months in 2006. These consulting experiences have contributed to his comprehensive understanding of regulatory compliance and financial reporting standards.