Accounting and Reporting
Helping you bridge the gap to high quality financial reporting
Private and public investors alike are becoming more sophisticated in their decision-making processes, with increasing expectations for enterprises to deliver high-quality financial reporting, so they can make better-informed decisions. To address this, various regulatory bodies have emphasized the critical application of accounting principles to lessen the degree of subjectivity and enhance disclosure requirements for better clarity for users and stakeholders.
Our team has extensive experience in various industries, including energy, healthcare, manufacturing, technology, and more. We use our industry knowledge and technical expertise to give clients the insights they need to make informed transaction decisions.
We are here to assist your team in adopting various accounting guidance and interpretations with supporting, audit-ready documentation to help alleviate additional stressors in your accounting functions and to address increasing investors’ expectations over high-caliber financial accounting and reporting.
Other services:
- Risk and controls
- Internal audit
Accounting changes
There has been a notable evolution in accounting standards in recent years, marked by substantial changes in revenue recognition, lease accounting, and credit loss models. This trajectory is expected to persist as standard-setters endeavor to align legacy standards with contemporary practices.
Additionally, regulatory bodies like the SEC have taken proactive measures to provide clarity on previously ambiguous accounting matters, aiming to enhance protection for public investors. This heightened scrutiny has prompted restatements of historical financial statements for certain entities.
Our team is equipped with the technical knowledge and expertise needed to help companies navigate these situations. The following are some of the areas of accounting that we have helped companies on:
- Revenue recognition
- Lease accounting
- CECL implementation
- LIBOR transition
- Error corrections and restatement analysis
Financial statement and disclosure assistance
Our team uses our extensive industry knowledge and technical expertise to provide clients with accounting and reporting insights to help you prepare relevant, informative, and compliant disclosures. We are ready to help you with your institutional investors, loan compliance requirements, pre-IPO financial statements, and recurring reporting requirements.
The following are examples of services we can provide:
- Periodic reports (10-K, 10-Q, private company financial statements)
- Restatements of prior period financial statements
- Pre-IPO financial statements
- Review of disclosure checklists
M&A
Accounting for M&A transactions can be complex and time-consuming. It can take time away from your team’s time to perform their usual business activities.
We will work closely with your deal team, internal or external, to address accounting and reporting complexities with transactions by assisting you in:
- Accounting for business combinations or group of assets acquisition
- Purchase price allocation and day one journal entries
- Analysis of held-for-sale and discontinued operations’ financial impact
- Analysis of US GAAP vs IFRS differences
- Preparation of acquisition or discontinued operations disclosures
- Preparation of carve-out financial statements
Significant business activities
Transactions are constantly evolving, and their implications over accounting and reporting require more consideration than ever, whether entering a complex financing arrangement or a new business segment.
Our team can help you with the following:
- Review contracts before execution for any accounting implications
- Analysis of financial advantages or disadvantages of a potential transaction
- Accounting for new contracts
- Financing (debt and equity) transactions
- Stock-based incentive payments
Contact us
Calvetti Ferguson works with middle-market companies, private equity firms, and high-net-worth individuals across the country. Regardless of the complexity of the compliance, assurance, advisory, or accounting need, our team is ready to help you. Please complete the form below, and we will follow up with you shortly.