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Consulting and Advisory

Every business event has accounting consequences. With thousands of accounting standards, though, it takes experts to identify the right way to record a particular transaction in the financial statements.

Mind the GAAP coaches companies through the maze of accounting literature, helping develop position papers to support the conclusions reached. Mind the GAAP also provides input on potential accounting issues before companies finalize a proposed agreement or contract.

Here are just a few of the many issues we have helped our clients address:

• Determining when and how much revenue to recognize from a multiple element arrangement
• Identifying stock-based compensation structures that minimize expense and that better align employee performance with company goals
• Accounting for restructuring activities such as plant closures and employee severance arrangements
• Properly disclosing critical accounting policies in the MD&A
• Reviewing hedge documentation for compliance with FAS 133 and other interpretive guidance
• Identifying lease arrangements that would qualify as finance leases under IFRS but operating leases under U.S. GAAP
• Assessing whether amendments to a financing agreement result in a debt extinguishment
• Analyzing whether a divestiture meets the requirements to be presented as a discontinued operation

In particular, we can help companies work through the journal entries when applying a new accounting standard or recording a one-time transaction.

We offer our consulting and advisory services to all levels of an organization, from Directors and Audit Committee members to business unit controllers and their respective staffs.