Assurance Services

Financial Accounting Advisory Services

From accounting principles to business practice

Despite signs of recovery, today’s economic environment remains uncertain. As companies continue to seek growth in developed and rapid growth markets, challenges clearly remain.

You need to continue keeping a close eye on costs and carefully manage cash flow. You also face an increasingly complex and rapidly changing regulatory environment, in which changes to accounting guidance can impact business decision-making.

And you need to anticipate the impact of key business decisions on your accounting and financial reporting.

Is your organization raising debt or equity? Acquiring a business? Carving-out a non-core operation? Complex accounting and financial reporting issues can arise as a result of changes dictated by your entity’s capital agenda.
Are you undertaking a significant business transformation? Assessing how a shared services center can improve efficiencies in your reporting process? Streamlining your accounting policies can help you reduce risk and manage cost.
Does the business operate in multiple jurisdictions? An assessment of your statutory reporting processes can allow you to manage risk, increase consistency in financial reporting, and realize efficiencies.
Are you planning to upgrade or replace your existing ERP system? Early assessment of changing accounting requirements should be incorporated into planned migrations to avoid expensive rework later.

The pace of change to accounting standards is unprecedented—in the U.S. and globally. Multinational enterprises need to understand how business decisions affect accounting and reporting. They also need practical strategies for managing the impact of accounting changes on their organization.

We can help
Our Financial Accounting Advisory Services practice assists finance leaders in addressing the strategic accounting and financial reporting challenges facing their businesses and the finance function. Our professionals are not only deeply versed in technical accounting, but can provide practical, business-focused advice to leading organizations.

Our services include:

Financial Reporting & GAAP Advisory

Our Financial Accounting Advisory Services professionals advise leading organizations on technical accounting and financial reporting issues, including:

Complex issues arising from proposed new accounting guidance, including impacts on existing systems and processes
Enterprise-wide accounting policy frameworks and documentation
Streamlining financial processes and controls, including developing and/or integrating processes as part of finance transformations and ERP implementations
Remediation of control accounts and material weaknesses
Accounting for financial derivatives and commodities contracts
Rationalizing statutory reporting processes

Transaction Accounting Advisory

Our Financial Accounting Advisory Services practice provides accounting and financial reporting assistance to organizations throughout the investment life-cycle. We advise leading corporations and private equity firms on:

Structuring complex domestic or international deals, and the related key accounting and financial reporting issues
GAAP and IFRS conversions, including accelerated conversions after cross-border transactions
Accounting for high-value mergers or acquisitions, and prospective carve-outs
Preparing for IPOs, including advice in advance of filing Form S-1s
Analyzing debt issuances and/or equity offerings to identify where accounting provisions affect contract value and terms
Post-bankruptcy workouts and fresh-start accounting

Key questions board members should ask about Title VII

This brochure is designed to help members of the boards of directors at companies understand the potential impacts of the new regulation on non-financial companies that use OTC derivatives. Many of these questions are appropriate to ask of management (e.g., treasury, legal and/or accounting) as they prepare to comply with the new regulations.

Title VII: where do you fit?

Any entity that intends to continue to trade various OTC derivatives now must comply with Title VII. Your entity's classification determines the level of impact and effort necessary for compliance.

To consolidate or not to consolidate: that is the question

The latest issue of Practical matters addresses FASB’s proposal to amend existing consolidation guidance that could impact all companies and significantly affect asset managers.

Time for real estate entities to prepare for fair value?

The FASB released a proposal that would require certain companies to account for their real estate investments at fair value. Read Practical matters to learn more.

Contact us

	Ken Marshall Americas FAAS Leader
	Myles J. Corson Americas FAAS Markets Leader

Operationalizing statutory reporting: minimizing risks, maximizing compliance

Global statutory reporting consumes a significant amount of time, effort and cost for what many organizations consider to be a non-core finance process. Learn how we can help.

The DNA of the CFO - perspectives on the evolving role

Views. Vision. Insights. The evolving role of today's CFO

CFOs’ involvement in their businesses is broad, their contributions to their organizations are manifold and the scope of their responsibilities is growing. Learn more in Views. Vision. Insights.

Stay informed

Broaden your experience

Ernst & Young is one of the most trusted, respected and influential organizations in the industry. Consider joining us.