article thumbnail

Financial Accounting and Reporting for SPACs: Expert Tip

JD Supra: Mergers

phase, especially in the area of financial statement readiness and accounting. Here are highlights from my conversation with Jenn Calabrese and Alison Yablonowitz of Calabrese Consulting, a leading accounting and financial reporting services firm in the SPAC market. By: Woodruff Sawyer

article thumbnail

Acquired Company Financial Statements: Best Practices for Waivers

Deal Lawyers

Here’s something I posted on TheCorporateCounsel.net in February: In mid-December, the AICPA & CIMA held a conference where representatives from the SEC, FASB and PCAOB shared their views on various accounting, reporting, and auditing issues. One such gem is the discussion […]

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Munter and Gerding discuss the need for additional disclosures under IFRS 19

JD Supra: Mergers

The director of Corp Fin, Erik Gerding, and the SEC Chief Accountant, Paul Munter, have issued a new “Statement on the Application of IFRS 19, Subsidiaries without Public Accountability: Disclosures, in Filings with the SEC.”

article thumbnail

Corporate Accounting: Meaning, Importance & Explanation

Razorpay

Corporate accounting is a special kind of accounting meant for businesses to record and monitor money movement. It deals with analyzing, classifying, collecting, and presenting a company’s financial data. What is Corporate Accounting? Let’s take a deeper look into the importance of corporate accounting.

article thumbnail

Accounting Information System (AIS)

Wall Street Mojo

What Is Accounting Information System? For example, AIS may be a very simple ledger for various accounting, costing, and financial reports like Statement of Profit and Loss, Balance Sheet, etc. Table of contents What Is Accounting Information System?

article thumbnail

Operating Lease Accounting

Wall Street Mojo

Operating Lease Accounting Definition Operating Lease Accounting refers to the accounting methodology used for leasing agreements where the lessor retains the ownership of the leased asset. The lessee records rental payments as expenses in the books of accounts. Show the journal entry for the operating lease transaction.

article thumbnail

What adjustments would you make to the financial statements of the comparable companies to ensure a

Wizenius

When performing a valuation analysis using comparable companies, it is essential to make certain adjustments to the financial statements of the comparables to ensure a meaningful comparison. Accounting Policy Consistency : Adjust for any significant differences in accounting policies between the target company and the comparables.