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Technical Accounting

Tackling Accounting Challenges as Your Business Evolves

The Kranz & Associates Technical Accounting team offers a deep array of services. We roll up our sleeves and work with companies to assist with complex technical accounting matters, IPO preparation, accounting and reporting requirements resulting from M&A transactions as well as SEC reporting. Our service professionals have public accounting and industry experience with expertise across various industries in the public and private sectors.

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Key service offerings are as follows:

Revenue Recognition

  • Assist management in the implementation or ongoing application of
    ASC 606 – Revenue from Contracts with Customers, and related policy documentation
  • Evaluate accounting treatment for unique revenue arrangements
  • Assist management to establish ongoing revenue reporting processes

M&A Transactions

  • Prepare technical position paper on purchase accounting and ensure appropriate accounting therein
  • Prepare Rule 3-05 financial statements if being acquired by an SEC registrant
  • Prepare carve-out financial statements
  • Assist management in its review of ASC 805 valuation reports

IPO Preparation

  • Assist with management of the IPO project and work with external auditors and others, as needed
  • Assist in drafting sections of the S-1 registration statements including dilution, capitalization,
    MD&A, financial information, footnotes, business section and risk section
  • Prepare quarterly financial information
  • Prepare EPS calculations and segment disclosures
  • Assist in drafting responses to SEC Comments, including cheap stock
  • Post IPO support (assistance with 10-K, 10-Q filing requirements)
  • Advise on SOX requirements and related management certifications

Accounting for Equity and Debt Financing Transactions

  • Evaluate debt, convertible debt, warrants, preferred stock and common stock for proper accounting,
    including identification and accounting for embedded derivatives
  • Evaluate debt refinancing events under debt modification/extinguishment rules
  • Prepare technical position memos on the classification of preferred stock

Share-Based Awards/Equity Matters

  • Draft technical position memos on matters such as modifications of awards, repricing events,
    non-employee awards and awards with performance and/or market conditions
  • Perform option expense calculations and prepare related disclosures
  • For private companies, assist with review of 409A valuation reports

Financial Statement Preparation

Audit Support

  • Provide leadership in the audit management process
  • Assist with audit preparation activities, including analysis and documentation support
  • Assist with preparation of technical memos
  • Interface with external auditors
  • Assist with resolution of accounting and audit issues

Other

  • Lease accounting
  • Complex consolidation
  • Foreign exchange
  • Derivatives and hedge accounting
  • Impairment

For more information contact: admin@kranzassoc.com