Accounting and Financial Reporting Consulting

Areas of expertise for preparers and auditors

We consult with preparers and auditors in the following areas of accounting and financial reporting. Our applied and multidisciplinary approach helps preparers understand how investors would be affected by the financial reporting decisions and disclosures. For training related to these areas, please click here.

  • Income taxes: FASB ASC 740 (FAS 109, FIN 48, APB 23)
  • Business combinations and intangible assets: FASB ASC 805, 350 (FAS 141R and 142)
  • Consolidations and non-controlling interests: FASB ASC 810 (FIN 46R and FAS 160)
  • Share-based payments: FASB ASC 718 (FAS 123R)
  • Leases: FASB ASC 842
  • Revenue recognition: FASB ASC 606
  • Cash flow statement: FASB ASC 230 (FAS 95)
  • Foreign operations: FASB ASC 830 (FAS 52)
  • Asset impairments: FASB ASC 360 (FAS 144)
  • Asset retirement obligations: FASB ASC 410 (FAS 143)
  • Accounting changes and error corrections: FASB ASC 250 (FAS 154)

Areas of expertise for investors and bankers

We help investors and bankers interpret financial statements by relying on our expertise in the areas listed above. Our multidisplinary approach helps investors and bankers understand the implications of financial statement disclosures.

  • Identifying non-recurring and non-operating items
  • Understanding the cash flow statement and its drivers
  • Understanding the tax note, deferred taxes, net operating losses, foreign taxes
  • Understanding consequences of mergers and acquisitions
  • Understanding how joint ventures, special purpose entities, and equity investments affect financial statements
  • Undestanding the initial measurement of goodwill and intangible assets and their subsequent impairment
  • Understanding dilutive, tax, and cash flow consequences of share-based compensation
  • Understanding leverage and cash flow consequences of leases
  • Understanding a company's exposure to foreign currency transactions and foreign operations
  • Understanding how a company is using derivatives for hedging
  • Understanding convertible debt, interest rate swaps, debt value adjustment, amortization, applicable high yield discount obligations, PIK and zero coupon bonds
  • Investments in securities as trading, available for sale, and held to maturity
  • Loans and allowance for credit losses
  • Purchased distressed loans
  • Pension and health-care obligations
  • Asset retirement obligations
  • For forensic analsis, please click here.