Technical Accounting

Audit preparation and support, including project management for the audit

US GAAP and IFRS conversions

Drafting SEC preclearance and consultation correspondence and SEC comment letter responses 

Implementation and adoption of new accounting standards

Financial statement preparation, including support for 10-K, 10-Q, S-1, S-3, S-4, F-1, 20-F, and other public company filings

Adoption of new revenue recognition standard (ASC 606) including drafting position papers and policy memos 

Implementation of new policies, including assessing gross vs. net issues, variable consideration, contract modifications, timing of SaaS and software revenue, etc.

Preparation of standalone selling price (SSP) calculations and subledger detail calculations for monthly revenue recognition

Providing ongoing assistance with analyzing customer contracts

Preparation of stock compensation calculations and memos to support management’s inputs and assumptions for Black Scholes Model valuation 

Drafting memos to address accounting for performance and market-based awards 

Drafting memos and calculations to support the accounting for stock modifications, cheap stock, secondary transactions and repurchases, and other technical issues

Drafting memos to support business combination accounting conclusions, including purchase accounting memos

Preparation of opening balance sheet workbook, Day 1, and push-down accounting

Preparation of SEC and GAAP pro formas

Drafting memos to support conclusions for contingent consideration and earnouts

Preparation of replacement award calculations

Assessment of business combination vs. asset acquisitions, etc.

Adoption of new lease standard (ASC 842), including drafting memos and policies

Implementation of new policies and calculation of ROU assets and lease liabilities and determination of incremental borrowing rates (IBR) 

Assessment of lease agreements for embedded leases 

Providing ongoing assistance with analyzing lease agreements

Drafting memos for debt and equity issuances, including convertible debt and SAFEs

Drafting memos for convertible preferred stock, warrants, derivatives, and embedded derivatives

EPS calculations and memos, including the basic and diluted impact

Performing a software capitalization analysis and drafting memos

Accounting for commercialization, collaboration arrangements, and clinical trials

Drafting memos for the accounting for variable interest entities, joint ventures, etc.