We bring the expertise to the table and work hand-in-hand with you to deliver a clean and fully GAAP compliant Opening Balance Sheet that is audit-ready, allowing you to focus on critical business operations and strategic initiatives. As such, we provide our clients with a menu of options we can support the transaction accounting and compliance with ASC 805 and 820, including:
- Closing Balance Sheet: Our team can prepare, or assist in preparing, a GAAP-compliant closing balance sheet that accurately represents all net assets and liabilities acquired in the transaction and ensures proper cut-off is reflected as of the transaction date, including a transaction level roll-forward or roll-back as required.
- Purchase Price Allocation Study: We prepare fair values, from a market participant perspective as required by ASC 805, for all intangible and tangible assets and liabilities associated with the transaction.
- Opening Balance Sheet: Through a detailed review of the transaction-related documents and our technical expertise, we prepare the purchase accounting and ensure the Opening Balance Sheet is GAAP compliant and supporting schedules are organized and suitable for audit.