Valuations for Financial Reporting
Our founder, Lisa Swanson has significant experience providing independent valuations for financial reporting purposes. Her clients include publicly traded companies and private companies throughout the United States that are seeking cost-effective valuation solutions for financial reporting purposes.
Due to her prior audit experience, she also understands the support that client’s auditors need for their work papers. Our deliverables are organized in a manner that is easy for clients to understand while providing their auditors with details related to the underlying assumptions so they have sufficient information to support the fair value conclusions.
Our financial reporting valuation services include:
ASC 805 (SFAS 141R) – Business Combinations: When a business is acquired, companies must allocate the proceeds of the transaction to the acquired intangible and tangible assets and assumed liabilities based upon their acquisition-date fair values. We can assist management with determining the fair value of the assets and liabilities acquired for use in the purchase price allocation and we can also help with determining the fair value of contingent consideration, if applicable.
ASC 350 (SFAS 142) – Goodwill and Other Intangible Assets: After entering into a business combination, companies may also be required to test and re-value certain assets that were purchased, including goodwill and intangible assets for potential impairment. We can provide the valuations necessary for impairment testing when required under ASC 350.
ASC 815 (SFAS 133)- Derivatives and Hedging: Current accounting guidance requires that companies recognize certain derivatives (including derivatives embedded in convertible debt agreements and warrants) and record them at fair value as either assets or liabilities on the balance sheet. We can assist our clients with analyzing the application of accounting principles related to specific transactions to determine if fair value measurement is required. In addition, we can also calculate the fair value of instruments required to be accounted for as assets or liabilities, at fair value.
ASC 718 (SFAS 123R): Stock Compensation: Fair value measurement is required to determine the appropriate compensation expense related to equity-based compensation plans, including stock option plans. We help in determining the fair value of stock compensation issued and we can also assist in determining the appropriate method of recording the related compensation expense under Generally Accepted Accounting Principles (“GAAP”).