Technical Accounting

Companies often face the challenge of understanding the nuances and detailed guidance provided by accounting standards on specific transactions or financial statement presentations.

We ensure the company’s financial reporting is accurate, consistent, and in compliance with all relevant regulations by:

• Complex Transaction Analysis: Analyzing and determining the appropriate accounting treatment for complex business transactions.

• Financial Reporting: Preparing and reviewing financial statements to ensure compliance with applicable accounting standards.

• Research and Documentation: When faced with unique or complicated transactions, technical accountants often must research the relevant accounting standards or seek guidance from professional bodies or advisory firms. They then document their findings and the rationale behind the accounting treatment chosen.

• Liaising with Auditors: Technical accountants interact with external auditors, explaining and justifying the company’s application of accounting standards.

• Staying Updated: Accounting standards can evolve, and new ones can be issued. Technical accountants must stay updated on these changes and understand their implications.

We enable companies to stay updated with new pronouncements by complying with technical accounting standards issued by US GAAP.