OUR SERVICES
IPOs
Initial Public Offerings typically require the preparation of SEC compliant annual and interim financial statements, which requires comfort letter procedures performed by the underwriters and auditors. This service typically would include assistance with preparation of S-X financial statements, assistance with preparation of S-1, dealing with specific IPO issues such as IPO cost treatment and preparation of tie out support for comfort letter procedures.
Divestiture Carve-Out
Divestiture of a business usually requires the preparation of carve-out financial statements. This requires technical knowledge to apply the SEC's carve-out guidance including defining the basis of presentation, allocating revenue and expenses, attributing assets and liabilities, preparation of financial statements preparation of supporting documentation, and project management to keep all parties on task.
Mergers
Public mergers generally require pro forma financial statements to be filed with the SEC. This requires technical knowledge to apply the SEC's pro forma guidance to prepare adjustments along with the footnotes to the pro forma financial information.
Acquisitions
Business combinations require the application of the acquisition method of accounting, which may include pro forma footnote disclosures. At a minimum, this requires an analysis of the target's balance sheet and business to identify differences in accounting policies and acquisition accounting adjustments as well as coordination with parties such as valuation firms and auditors. This service would typically include assistance with writing white papers as well as project management.
New Accounting Standards
Every year new accounting pronouncements and amendments are issued requiring companies to evaluate and implement changes in accounting and reporting certain transactions or accounts. This service typically includes detailed analysis of the specific area or transactions related to the new standard, preparation of whitepapers identifying current accounting, new accounting, differences, financial impact and embedding process for adoption.
Accounting Advisory
Complex accounting in the areas of derivatives, leasing, impairment and other complex areas must be analyzed to determine the proper accounting under US GAAP and IFRS. Sometimes Company's don't have the time or resources to complete the analysis. This services typically includes assistance with technical analysis and preparing whitepapers.
Restatements
Restatements require review of facts and circumstances and analysis of accounting issues resulting in preparation of white papers, accounting analysis, financial statements and footnotes. This service generally includes assistance with the preparation of whitepapers and financial statements as well as project management for larger projects.
GAAP Conversions
This can be part of any of the services above, but are usually required when a company wants to list on a foreign stock exchange, market the sale of a business in a foreign market, acquire a foreign business or has been acquired by a foreign investor. This services generally includes an initial assessment to identify potential differences, preparation of white papers on each difference identified, quantification of the differences, preparation of bridge reconciliation and preparation of financial statements and footnotes (if applicable).
Debt & Equity Issuance
144A Transactions typically require the presentation of interim financial statements and for the Company's auditors and underwriters to perform comfort letter procedures. This service typically would include assistance with preparation of financial statements, assistance with preparation of offering memorandum, dealing with specific transaction issues such as pro forma financial information and preparation of tie out support for comfort letter procedures.
Project Management
All of the services above typically include some sort of project management to some extent. This service is generally for larger projects that require a project management office and would include activities such as identifying major steps or building blocks, preparation of route map and detailed execution plan as well as periodic status reports to keep the project on pace.
Temporary Accounting Management
Sometimes key people from a company's accounting organization leave causing disruption to the organization. When key people leave an organization, it takes time to identify the right replacement, hire and train personnel. We can provide a resource on a short term basis to perform the role in the interim until an appropriate replacement can be found.
LeaseQuery Certified Partner
Certified Service Partner for LeaseQuery software, which enables the assistance of clients with the population of leases into the software in conjunction with adopting ASC 842 or IFRS 16 or switching from one leasing software or lease tracking tool to LeaseQuery. The LeaseQuery software must be purchased separately by the client. Information and pricing on LeaseQuery can be found at www.leasequery.com.
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