Technical Accounting
Insight You Can Trust
Complex business transactions can present remarkable opportunities. They also require specialized skills beyond basic accounting that your full-time employees or bookkeepers may not have. Our experienced professionals can help you navigate the labyrinth of financial reporting, risk management, and other transaction-related accounting challenges that are necessary to forge the path ahead.
How It Benefits You
Public and private companies often can benefit from technical accounting services if they’re involved with a transaction or undergoing significant internal transformation. Situations that might present challenges include:
- Recent mergers and acquisitions
- Divestitures and carve-outs
- New contracts
- New accounting standards
- Operational changes to the business
- Restatements
- Loss of finance personnel
The goal is to improve your bottom-line results from your next transaction or major internal transformation as you preemptively address financial risks and steer clear of obstacles that could block the path to your organization’s goals.
How We Serve You
Your dedicated engagement team can help with everything from preparing Regulation S-X compliant financial statements for an IPO to properly recording a business combination resulting from a merger or acquisition. Following are some areas in which we can help provide support with analysis and implementation as your business grows.
Consulting on New Accounting Guidance
- ASC Topic 606, Revenue from Contracts with Customers
- ASC Topic 842, Leases
- ASC Topic 326, Financial Instruments—Credit Losses
Providing Business Advisors for Executives and Audit Committees
- Accounting and reporting implications of business transactions
- SEC rules and regulations, hot buttons, and recent developments
- Restatements, corrections of errors, and changes in estimates
- Support while managing auditors and valuation specialists
Preparing Financial Statements and Audits
- Financial statement disclosure preparation
- Audit preparation with continued support through the external audit process
- IPO process, including drafting financial statements and management’s discussion and analysis of financial condition and results of operations
- Preparation of registration statements and other SEC filings
- Accounting and disclosure topics, such as revenue recognition, acquisitions, and restructuring
- International Financial Reporting Standards (IFRS) and US generally accepted accounting principles (GAAP) conversions
Supporting Business Combinations
- SEC rules for significant acquisitions
- Business versus asset acquisitions
- Purchase price allocation
- Reverse mergers and recapitalizations
- Spin-offs, carve-outs, and acquired-entity financial statements
Evaluating Equity and Liability Instruments
- Regular and convertible debt and bridge loans
- Convertible and redeemable preferred stock
- Warrants, call-and-put options, and other complex instruments
- Embedded derivatives and hedge accounting
- Extinguishment versus modification accounting
Assisting with Other Complex Accounting Issues
- Stock option modifications, performance, market awards, and nonemployee grants
- Technical memoranda, whitepapers, and calculations for stock-based compensation arrangements
- Disclosures for stock-based compensation arrangements
- Consolidation accounting, including variable interest-entity analysis
- Accounting for financial instruments
- Impairment analysis for goodwill, intangible assets, and other long-lived assets
- Segment determination and documentation
Consulting on New Accounting Guidance
- ASC Topic 606, Revenue from Contracts with Customers
- ASC Topic 842, Leases
- ASC Topic 326, Financial Instruments—Credit Losses
Providing Business Advisors for Executives and Audit Committees
- Accounting and reporting implications of business transactions
- SEC rules and regulations, hot buttons, and recent developments
- Restatements, corrections of errors, and changes in estimates
- Support while managing auditors and valuation specialists
Preparing Financial Statements and Audits
- Financial statement disclosure preparation
- Audit preparation with continued support through the external audit process
- IPO process, including drafting financial statements and management’s discussion and analysis of financial condition and results of operations
- Preparation of registration statements and other SEC filings
- Accounting and disclosure topics, such as revenue recognition, acquisitions, and restructuring
- International Financial Reporting Standards (IFRS) and US generally accepted accounting principles (GAAP) conversions
Supporting Business Combinations
- SEC rules for significant acquisitions
- Business versus asset acquisitions
- Purchase price allocation
- Reverse mergers and recapitalizations
- Spin-offs, carve-outs, and acquired-entity financial statements
Evaluating Equity and Liability Instruments
- Regular and convertible debt and bridge loans
- Convertible and redeemable preferred stock
- Warrants, call-and-put options, and other complex instruments
- Embedded derivatives and hedge accounting
- Extinguishment versus modification accounting
Assisting with Other Complex Accounting Issues
- Stock option modifications, performance, market awards, and nonemployee grants
- Technical memoranda, whitepapers, and calculations for stock-based compensation arrangements
- Disclosures for stock-based compensation arrangements
- Consolidation accounting, including variable interest-entity analysis
- Accounting for financial instruments
- Impairment analysis for goodwill, intangible assets, and other long-lived assets
- Segment determination and documentation
Revenue Recognition Guide
The new Accounting Standards Codification (ASC) Topic 606, Revenue from Contracts with Customers, fundamentally changes how companies across nearly every industry will recognize revenue. Learn how it affects your contracts with customers and any next steps you might need to take by the effective dates.
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