Accounting Advisory (IFRS & US GAAP)

Big Four-caliber technical guidance on the standards that keep CFOs up at night - revenue, leases, financial instruments, consolidations - with conclusions documented to stand up to your auditors and regulators.

Service Overview

When a transaction or new standard raises a question your team can't answer with confidence, you need more than an opinion - you need a defensible position. We provide that across both International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP), from the initial assessment to the technical memo that supports it.

With hands-on command of the FASB Accounting Standards Codification (ASC) and International Accounting Standards (IAS/IFRS), we resolve complex accounting questions, document the reasoning and support framework conversions - the same rigor a national firm brings, delivered directly by senior professionals who stay close to your file.

US GAAP Technical Services

Revenue Recognition (ASC 606)

Five-Step Model Implementation: Identify contract, identify performance obligations, determine transaction price, allocate price, recognize revenue
Contract Modifications: Proper accounting for change orders, amendments and contract terminations
Variable Consideration: Estimation methods for refunds, rebates, performance bonuses and price concessions
Contract Costs: Capitalization of incremental costs to obtain and fulfill contracts per ASC 340-40

Lease Accounting (ASC 842)

Lease Classification: Operating vs. finance lease determination using quantitative and qualitative criteria
Right-of-Use Asset & Lease Liability: Initial measurement and subsequent measurement including interest accretion and amortization
Lease Modifications: Accounting for changes in lease terms, extensions and terminations
Embedded Leases: Identification and separation of lease components from non-lease components

Financial Instruments (ASC 825, 326)

Fair Value Measurement (ASC 820): Fair value hierarchy, valuation techniques and disclosures
Credit Losses (ASC 326): Current Expected Credit Loss (CECL) model for financial assets measured at amortized cost
Hedge Accounting (ASC 815): Cash flow hedges, fair value hedges and hedge effectiveness testing

Business Combinations (ASC 805)

Acquisition Method: Measurement of consideration transferred, assets acquired and liabilities assumed at fair value
Goodwill & Intangibles: Recognition and measurement of goodwill and separately identifiable intangible assets
Contingent Consideration: Measurement and subsequent accounting for earnouts and other contingent payments

IFRS Technical Services

Revenue Recognition (IFRS 15)

Five-Step Model: Similar to ASC 606 but with some differences in application and disclosure requirements
Principal vs. Agent: Determining whether entity is principal or agent in arrangements
Licensing: Recognition of revenue from licensing of intellectual property

Lease Accounting (IFRS 16)

Single Model Approach: All leases (except short-term and low-value) recognized on balance sheet
Initial Measurement: Right-of-use asset and lease liability at lease commencement
Subsequent Measurement: Interest method for lease liability and straight-line or systematic basis for ROU asset

Financial Instruments (IFRS 9)

Classification & Measurement: Amortized cost, fair value through OCI and fair value through profit or loss
Expected Credit Losses: Three-stage model for impairment assessment
Hedge Accounting: Requirements and application of hedge accounting under IFRS 9

Advanced Technical Topics

Consolidations (ASC 810)

Variable Interest Entities (VIEs): Analysis of control through variable interests, primary beneficiary determination
Consolidation Procedures: Elimination entries, non-controlling interests and step acquisitions
Equity Method: Application of equity method for investments in associates and joint ventures

Stock-Based Compensation (ASC 718)

Fair Value Measurement: Valuation of stock options using Black-Scholes or binomial models
Grant Date Determination: Identifying grant date per ASC 718-10-25-5
Service and Performance Conditions: Accounting for graded vesting, market conditions and performance conditions
Modifications: Accounting for modifications to share-based payment arrangements

Income Taxes (ASC 740)

Deferred Tax Assets/Liabilities: Calculation of temporary differences and deferred tax accounting
Valuation Allowances: Assessment of realizability of deferred tax assets (more likely than not threshold)
Uncertain Tax Positions: Recognition and measurement of uncertain tax positions under FIN 48 (ASC 740-10-25)
Interim Tax Accounting: Effective tax rate calculations and discrete item recognition

Foreign Currency (ASC 830)

Functional Currency Determination: Assessment of primary economic environment
Translation vs. Remeasurement: Application of current rate method vs. temporal method
Foreign Currency Transactions: Accounting for gains and losses on foreign currency transactions
Cumulative Translation Adjustment: Accumulation in OCI and reclassification triggers

Policy Documentation & Conversions

Accounting Policy Manuals

Comprehensive documentation of accounting policies covering:

Revenue recognition policies
Inventory valuation methods
Fixed asset capitalization and depreciation policies
Lease accounting policies
Provisions and contingencies
Foreign currency translation

GAAP to IFRS Conversion

Support for converting financial statements from US GAAP to IFRS, including:

Gap analysis identifying differences
Impact assessment on financial statements
Restatement of historical financial statements
Dual reporting support during transition

Start with a free guided tool

Clarify your situation, identify key documents, and arrive better prepared for a professional conversation.

Have a technical question that needs a defensible answer?

Bring us the standard, the transaction, or the auditor's comment. We'll give you a clear conclusion - and the documentation to back it.

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