Accounting policy is a rapidly changing world that requires businesses to perform complex accounting policy research and implementation in a number of areas of U.S. GAAP and IFRS. Recently, businesses have faced accounting issues around consolidation, derivatives, business combinations, impairment, troubled debt restructurings, bad debt and loan loss methodologies, going concern and foreign currency accounting, among others.
Implementing New and Emerging Standards
Anticipate and Respond to Accounting Challenges
Due to the changing standards around revenue recognition, leases, and current expected credit loss (CECL), companies across all industries are facing significant new changes.
With our deep expertise in helping public and private companies implement emerging and ongoing accounting standards, analyzing and documenting complex transactions, and assessing necessary changes to financial reporting and operational processes, our professionals work alongside our clients and their auditors to anticipate and respond to these accounting challenges.
New Accounting Standards
Assist with the research, analysis, and disclosures associated with the new revenue, leasing, CECL, and other emerging standards
Research the accounting implications of complex transactions; calculate the impact of the transactions on the company and document the basis conclusions in an audit-ready memorandum
Establish / review accounting policies across all accounting and reporting areas
Review and Research Complex Arrangements
Draft Technical Accounting Position Papers
Prepare Accounting Analysis and Calculations
Provide Project Management and Executive Reporting
covering all significant business units and revenue streams.
Featured Insights & News
CECL Results And Their Interpretation: What’s Next?
In this video, we discuss key considerations when comparing CECL results to current Allowance for Loan and Leases Losses (ALLL) reserves and share illustrative analytical approaches that are proven to be very useful when helping our clients implement the new accounting standard.
Hidden Complexities: 7 Key Considerations For CECL Compliance
As the impact of CECL begins to emerge, financial services firms have dominated headlines. During our work developing and implementing CECL compliance programs for non-financial institutions, we have found several key considerations.