Technical Accounting Advisory Services

Our technical accounting professionals help clients navigate complex accounting standards and transactions and provide financial reporting assistance.

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What Is Technical Accounting?

Organizations may need assistance with technical accounting for a variety of reasons, such as accounting standard implementations, complex transactions, GAAP conversions, SEC reporting or other regulatory compliance, and debt and equity financings. Our industry-focused technical accounting professionals provide turn-key and tailored solutions while focusing on a myriad of risks to help you see around the corner. Our accounting advisory clients range from small companies to multi-national Fortune 500 clients. We not only help our clients interpret and navigate the accounting guidance, but we also help them operationalize the impacts and communicate to stakeholders.

“Technical accounting events offer transformative opportunities within organizations. We ensure accurate financial reporting while recommending accounting and reporting process improvements. Businesses need to understand complex accounting rules, make informed decisions, and avoid both legal and financial risks.”
Chase Wright
Partner | Accounting Advisory Leader

Let Us Guide Your Technical Accounting Needs

Cherry Bekaert’s Technical Accounting Advisory practice is adept at assessing accounting matters associated with event-driven transactions. Our team is tactical and agile in managing engagement needs, developing project plans, working with audit teams and preparing or reviewing deliverables for both private and public companies.

Our Technical Accounting Service Offerings

Co-Sourced Technical Accounting and Financial Reporting Services

Demystifying Complex Accounting Standards To Ease Compliance Burdens

Accounting has been challenged with navigating the environment of continuously changing accounting standards at a time when the function is being asked to do more with fewer resources. Our team of dedicated and experienced professionals has developed an array of technical accounting solutions, accelerators, and strategic technology alliances designed to help clients implement new accounting standards in a seamless and cost-effective manner. Our consulting services frequently cover:

  • SEC and private company reporting
  • Accounting and reporting for private equity portfolio companies
  • Financial statement conversions
  • Accounting policy development

Accounting for Complex Transactions

Helping To Build Value in Every Transaction, in Every Way

Business combinations, carve-outs, divestitures, IPO readiness and public filings require specialized skills and knowledge as well as considerable effort and attention. Whether it is preparing for an IPO, an opening balance sheet after an acquisition, or an upgrade in audit, these challenges can disrupt accounting operations. We have the experience and technology to support clients in integrating and optimizing the accounting for these complex events and transactions:

As strategic members of an organization, today’s finance and accounting teams must align with experienced professionals to eliminate technical accounting challenges and harmonize changes within the business.

Technical Accounting and Financial Reporting

Guiding Businesses to Better Decision-Making by Navigating Technical Accounting Challenges

Our clients often maintain adequate staffing to address normal recurring accounting requirements but do not have the capacity or expertise required to address highly technical accounting matters quickly and efficiently. This is where we provide immediate value. Our technical accountants are highly skilled and well-trained to provide on-call technical accounting and reporting assistance. We do this by using an interactive approach with a high-touch experience from our management team.

Our technical accounting advisory professionals stay current on new accounting pronouncements and changes to assist clients in proper financial reporting in accordance with GAAP, IFRS, and SEC requirements. In an ever-changing corporate and regulatory environment, it is critical to have an advisor who is responsive and focused to meet your needs.

We offer a variety of solutions, including:

  • IPO Readiness & SEC Reporting Services
  • Accounting & Reporting for Private Equity Portfolio Companies
  • Carve-Out & Pro-forma Financial Statement Preparation
  • Financial Reporting for Public & Private Companies
  • Financial Statement Conversions (GAAP/IFRS, Cash Basis to GAAP, Predecessor & Successor, etc.)
  • Audit Readiness
  • Restatements  

Co-Sourced Technical Accounting and Financial Reporting Services

Demystifying Complex Accounting Standards To Ease Compliance Burdens

Accounting has been challenged with navigating the environment of continuously changing accounting standards at a time when the function is being asked to do more with fewer resources. Our team of dedicated and experienced professionals has developed an array of technical accounting solutions, accelerators, and strategic technology alliances designed to help clients implement new accounting standards in a seamless and cost-effective manner. Our consulting services frequently cover:

  • SEC and private company reporting
  • Accounting and reporting for private equity portfolio companies
  • Financial statement conversions
  • Accounting policy development

Accounting for Complex Transactions

Helping To Build Value in Every Transaction, in Every Way

Business combinations, carve-outs, divestitures, IPO readiness and public filings require specialized skills and knowledge as well as considerable effort and attention. Whether it is preparing for an IPO, an opening balance sheet after an acquisition, or an upgrade in audit, these challenges can disrupt accounting operations. We have the experience and technology to support clients in integrating and optimizing the accounting for these complex events and transactions:

As strategic members of an organization, today’s finance and accounting teams must align with experienced professionals to eliminate technical accounting challenges and harmonize changes within the business.

Technical Accounting and Financial Reporting

Guiding Businesses to Better Decision-Making by Navigating Technical Accounting Challenges

Our clients often maintain adequate staffing to address normal recurring accounting requirements but do not have the capacity or expertise required to address highly technical accounting matters quickly and efficiently. This is where we provide immediate value. Our technical accountants are highly skilled and well-trained to provide on-call technical accounting and reporting assistance. We do this by using an interactive approach with a high-touch experience from our management team.

Our technical accounting advisory professionals stay current on new accounting pronouncements and changes to assist clients in proper financial reporting in accordance with GAAP, IFRS, and SEC requirements. In an ever-changing corporate and regulatory environment, it is critical to have an advisor who is responsive and focused to meet your needs.

We offer a variety of solutions, including:

  • IPO Readiness & SEC Reporting Services
  • Accounting & Reporting for Private Equity Portfolio Companies
  • Carve-Out & Pro-forma Financial Statement Preparation
  • Financial Reporting for Public & Private Companies
  • Financial Statement Conversions (GAAP/IFRS, Cash Basis to GAAP, Predecessor & Successor, etc.)
  • Audit Readiness
  • Restatements  

Assisting SEC Filers with Complex Accounting Matters

Meeting Urgent Need for Financial Statement Conversion and S-1 Support

The Challenge: A life sciences company traded on the Canadian Exchange was filing its financial statements in accordance with IFRS and had an urgent need to convert those statements to U.S. GAAP to become a public registrant in the United States.

Our Solution: Through detailed discussions with leadership, Cherry Bekaert assessed the Company’s challenge and implemented a strategic plan to: 1) convert the accounting records from IFRS to GAAP; 2) draft the financial statements in accordance with PCAOB standards for the Company’s S-1 filing; 3) provide ongoing support throughout the audit and 4) assist with responding to SEC comments. We mobilized the necessary resources quickly and were able to ensure the client met all critical deadlines.

Assisting With Financial Statement Readiness

Providing Timely Expertise To Meet Filing Deadline With Technical Memos, Policies, Financial Statement Preparation and S-1 Support

The Challenge: An industrial company needed advisory assistance to draft technical accounting memos, ancillary support on financial statement readiness and coordination with their external audit firm to meet an expedited S-1 filing deadline.

Our Solution: We collaborated with the Company's leadership to develop a project plan for the S-1 filing, drafting technical memos on acquisitions, segment reporting, and goodwill impairment. We identified unrecorded capital markets transactions needing valuation, established an inventory accounting policy, and assisted with stock compensation analysis.

Our Professionals

Connect With Us

Chase Wright

Accounting Advisory Leader

Partner, Cherry Bekaert Advisory LLC

Kenneth Woodring

Accounting Advisory Services

Director, Cherry Bekaert Advisory LLC

Alex Wiley

Risk & Accounting Advisory Services

Director, Cherry Bekaert Advisory LLC

Have a technical accounting question? Contact our advisors.