Opening Balance Sheet and Financial Reporting
Business combinations are critical events that come with many accounting and reporting complexities. Riveron has earned a reputation as a trusted advisor by contributing accounting expertise and leveraging best practices to ensure successful transactions.
Riveron gains a comprehensive understanding of the transaction to develop a roadmap addressing all potential accounting and reporting topics. Our expertise ranges from common matters such as identifying the acquirer or measuring the consideration transferred, to more difficult challenges like complex financial instruments or legal structures. Riveron’s approach simplifies the complex, resolving key transactional accounting issues and establishing a sustainable, go-forward reporting environment.
Riveron is not restricted with the regulatory conflicts that public accounting firms are, thereby enabling our professionals to take a deeper dive into the transaction process alongside our clients.
Our opening balance sheet and financial reporting offerings include:
- Opening balance sheet and purchase price allocation
- PEG definition and dispute
- Working capital analysis
- Non-controlling interests
- Common control transactions
- Push down accounting
- Earn out analysis
- Ongoing accounting implications, including intangible assets and fair value adjustments
- SEC rules for significant acquisitions
- Reverse mergers and recapitalizations
Riveron prepares company for valuation of four acquired businesses
Riveron was engaged to assist a private equity investment firm, roughly $1.8 billion AUM, with the rollup strategy for four newly acquired air and heat businesses. After starting the project with financial diligence, Riveron adapted to fulfilling additional client needs. Additional consulting services included valuation data assistance, application of the business combinations guidance and advising on opening balance sheet entries within the client’s ERP platform. These deliverables allowed the auditors to review the methodology for assessing opening balance sheet cut-off and valuation. The timely completion of the valuations for the four acquisitions subsequently allowed for a successful audit and timely issuance of annual audited financial statements.
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