Technical Accounting

If your business is preparing for an IPO (initial public offering) or SPAC (special purpose acquisition company) transaction, we can prepare the financial statement and registration, including S-1 documentation, equity compensation award design, internal controls architecture, and accounting policy development and support for external audit.

There’s more to administering equity compensation than just issuing awards and grants and tracking those awards on a spreadsheet. No matter how large your company, or whether it’s public or private, equity administration cuts across business areas and requires specialized knowledge.

In addition to constants such as GAAP and similar reporting standards, public and private companies alike must keep up with and comply with accounting rule changes, such as those for lease accounting and revenue recognition, as well as new rules for insurance companies and estimating credit losses.

• Lease Accounting: The new standards (ASC 842, IFRS 16 and GASB 87) require organizations to recognize obligations for real estate, equipment and other leased assets on their balance sheets, a shift that has affected company accounting policies and procedures, information systems, debt covenants and financial ratios
• Revenue Recognition: The technically complex revenue recognition standards (ASC 606 and IFRS 15) are no longer industry-specific and significantly changes revenue recognition from previous GAAP.

RGP’s technical accounting experts have helped hundreds of companies prepare for adoption and implementation of these new accounting standards and rule changes under US GAAP, IFRS and GASB, as well as ongoing management and compliance. From roadmap planning and process design to change management, our team can help you throughout every step of the journey to compliance.