Technical Accounting Consulting and Financial Reporting

Technical accounting consulting is a specialized service that helps companies navigate complex financial reporting requirements. This expertise is particularly valuable for businesses operating in multiple jurisdictions or with unique accounting needs.

Companies like Amazon and Google have benefited from technical accounting consulting, ensuring compliance with various accounting standards and regulations.

Financial reporting is a critical aspect of business operations, and technical accounting consulting can help streamline processes and reduce errors. In fact, a study found that companies that invested in technical accounting consulting experienced a 25% reduction in audit fees.

Technical accounting consulting can also help businesses identify areas for improvement and optimize their financial reporting systems. By doing so, companies can make more informed decisions and stay ahead of the competition.

Our technical accounting consulting services can help you navigate complex financial reporting requirements, including accounting for business combinations, revenue recognition, and lease accounting. We provide expert guidance on implementing new accounting standards, such as ASC 606 and ASC 842.

Our team can assist with due diligence and quality of earnings reports, as well as financial models of acquired businesses. We also offer valuation services and deal negotiation to ensure a smooth transaction process. Whether you're preparing for an IPO or navigating a complex business transaction, our experienced professionals can help you every step of the way.

Here are some of the key areas we focus on:

For nonprofits, AAFCPAs offers specialized guidance on technical accounting issues. We can assist with due diligence and agreed upon procedures relating to mergers and acquisitions, as well as guidance on accounting for the transaction.

We also provide consultations on long-term capital needs and financing options to consider. This can be especially helpful for nonprofits looking to make strategic investments in their organization.

Our team can also provide board of director training on interpreting financial statements and governance. This can help ensure that your board is well-equipped to make informed decisions about the financial health of your organization.

Additionally, we offer guidance on the unique restrictions and compliance aspects of federal awards. This can help nonprofits navigate the complex rules and regulations surrounding federal funding.

Here are some examples of the types of technical accounting issues we can assist with:

We've helped entertainment studios streamline their royalty processing workflows, integrating purchases of film and television libraries into consumer products royalty processing workflows for a large entertainment studio.

Our team implemented new reporting processes and chart of accounts for amortization of film rights for a producer of live television programming, making it easier for staff to perform the monthly close process.

We developed accompanying reports for staff use and created reporting for management and executive review, ensuring everyone has the information they need to make informed decisions.

By leveraging our expertise, entertainment studios can optimize their royalty processing and reporting, freeing up resources for more strategic initiatives.