The nature and variety of our software solutions present extremely complex revenue recognition issues. The deep software revenue recognition skills and collaborative approach conveyed by the BDO engagement team have been invaluable to us in anticipating revenue recognition issues upfront as we have transitioned to a stand-alone entity, while also navigating expansions and other changes in our software solutions and sales channels.
Accounting and Reporting Advisory Services
Navigate complex accounting issues and improve financial reporting
Advanced accounting support for complex financial challenges
In a shifting business landscape defined by rapid changes, increasing complexity, and intense scrutiny, organizations need accounting and reporting support that keeps pace with evolving regulations and competitive pressures.
BDO’s Accounting and Reporting Advisory Services help companies navigate high-stakes, time-sensitive accounting and financial reporting challenges without slowing momentum. Whether driven by mergers and acquisitions, rapid growth, capital markets activity, new accounting standards, or audit and reporting issues, our professionals are ready to step in when clarity, confidence, and speed matter most. We work closely with management to identify root issues, define scope and priorities, and deliver clear, actionable solutions.
Our multidisciplinary teams bring deep technical knowledge and practical experience with companies of every size, in any industry. We work in two ways:
- We function as an outside extension of your finance and accounting team, skillfully handling project execution for complex accounting assessments, financial reporting, audit readiness, account cleanup, and implementation of new standards.
- We provide senior leaders who work as consulting extensions of your in-house finance and accounting team, reinforcing your internal capabilities with sound judgement and steady direction based on practical, real-world experience.
We pride ourselves on organized execution, transparent communication, and durable outcomes that leave your organization better positioned for what comes next: stronger processes, clearer reporting, and greater confidence with auditors, stakeholders, and regulators.
BDO's accounting reporting advisory services group is a team of dedicated, highly skilled professionals assisting companies to overcome the challenges they meet on a daily basis. And whether those challenges arise in the form of an accounting issue, a capital transaction, or a bankruptcy, our professionals are there to meet those needs. What makes our practice unique is not only what we know, but how we treat our clients. From the startup to the Fortune five hundred, every client to BDO is an important client. We provide services for accounting advisory, financial reporting, IPO readiness, other capital events, and new standard implementation. With an accounting advisory, we help companies with complex transactions to understand, interpret, and document those transactions. For financial reporting, we help clients, both private and public, meet their financial statement responsibilities. So whether you're complying with the thirty four act from a public company's perspective, or just trying to meet your bank requirements and putting together private company financial statements, BDO can assist. Capital events come in a number of shapes and sizes, whether it be from a divestiture, a bankruptcy, a business combination, or other type of capital raising event, BDO can be there to help assist you with your accounting policy documentation. In addition to the other services BDO provides, we can assist companies with new standard implementation, from revenue recognition to leases to credit losses. These types of events and transactions are often complex and usually challenging. Companies typically need additional resources from a technical nature to assist them in reaching a successful conclusion.
How BDO Can Help
BDO offers professional services for complex accounting challenges to help your organization achieve its goals.
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Meet Reporting Requirements
Understand and meet all the applicable filing requirements and necessary disclosures for financial statement preparation.
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Implement New Standards
Transition to new accounting standards with a holistic approach that factors in the impacts on data, systems, and processes.
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Navigate Complexity
Meet all technical requirements and avoid common errors in complex accounting issues that arise in transactions and other special situations.
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Streamline Processes
Introduce new efficiency to the financial reporting process and reduce the burden on your finance and accounting teams.
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Enhance Board Oversight
Provide training and education to help board directors better understand accounting and reporting topics for effective oversight of management.
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Clean Up Accounts
Revise, reconcile, and organize accounting records to provide complete, accurate, compliant financial reporting and support reliable decision-making.
-
Meet Reporting Requirements
Understand and meet all the applicable filing requirements and necessary disclosures for financial statement preparation.
-
Implement New Standards
Transition to new accounting standards with a holistic approach that factors in the impacts on data, systems, and processes.
-
Navigate Complexity
Meet all technical requirements and avoid common errors in complex accounting issues that arise in transactions and other special situations.
-
Streamline Processes
Introduce new efficiency to the financial reporting process and reduce the burden on your finance and accounting teams.
-
Enhance Board Oversight
Provide training and education to help board directors better understand accounting and reporting topics for effective oversight of management.
-
Clean Up Accounts
Revise, reconcile, and organize accounting records to provide complete, accurate, compliant financial reporting and support reliable decision-making.
BDO’s Accounting, Reporting, and Compliance Hub (ARCH)
Our collected technical guidance will help you gain a deeper understanding of the finer points of U.S. GAAP and financial reporting, while also keeping you informed on relevant updates from key regulators and standard setters including the AICPA, FASB, PCAOB, and SEC.
Accounting and Reporting Advisory Capabilities
Whether you need help preparing accounting policies and disclosures or want to outsource complex accounting tasks, we can provide comprehensive accounting assistance. Our accounting advisory services include:
- Implementing new accounting standards (revenue recognition, lease accounting)
- Accounting for complex transactions, including debt/equity financing and business combinations
- Technical accounting support, including revenue recognition
- Generally Accepted Accounting Principles (GAAP) consulting
- Conversion to/from International Financial Reporting Standards (IFRS) or Other Comprehensive Basis of Accounting (OCBOA)
- Industry-specific guidance
- On-call advisory engagements
Financial statements, disclosures, and filings can strain the limits of in-house accounting teams. If you’re struggling with regulatory issues or complex accounting standards, we can help you stay on top of your obligations. Our financial reporting services include:
- Preparation of financial statements and disclosures
- SEC reporting and filings, including S-1 and S-4
- ’33 and ’34 Act financial statement and filing requirements
- Management and operational reporting
- Consolidation issues and intercompany elimination analysis
- Month-end close support and optimization
- Financial planning and analysis (FP&A)
- International Financial Reporting Standards (IFRS) reporting
Audit preparation can be essential to timely completions and clear outcomes. When you need help organizing or validating your financial records, evaluating or tightening your internal controls, or uncovering and resolving potential problems, our experienced personnel can support you. Our audit readiness services include:
- Audit readiness and support
- Accounting cleanup, including cash to accrual and reconciliation assistance
- Assistance with restatements
Business has been good and you’re ready to grow, but you’re expanding into unfamiliar territory and could use guidance from seasoned professionals familiar with the processes and challenges of raising capital in the markets. We provide technical accounting support for capital-raising transactions that can take your business to new heights. Our services include:
- Capital market readiness assessments
- Initial public offering (IPO) readiness assessments
- American Institute of CPAs (AICPA) and Public Company Accounting Oversight Board (PCAOB) uplift support
- International expansion guidance
- Advice and support for rapid growth
Mergers, acquisitions, divestitures, and restructurings are significant undertakings for any organization. When you’re approaching a substantial change in your organization, our personnel can provide financial, accounting, and analytical resources and direction to make the transition smooth and successful. Our transaction support services include:
- Purchase accounting
- Business combinations and joint ventures
- Coordination with validation and audit firms
- Special-purpose acquisition company (SPAC) transactions
- Divestitures, carve-outs, and spin-offs
- Mergers and acquisitions
Emergence from bankruptcy involves significant accounting complexities. When you’re faced with technical accounting planning, adjustments, and disclosure requirements, our experienced professionals help carry the burden so you can focus on running a revitalized business. Our bankruptcy and reorganization services include:
- Pre-emergence planning
- Emergence adjustments
- Post-emergence accounting
- Financial statement disclosures
- Fresh-start accounting
- Turnaround and restructuring
Case Study
Accounting Advisory Insights
Explore our most recent resources and thought leadership.
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- Healthcare
- Insurance
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- Private Equity
- Professional Services
- Real Estate & Construction
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- Retail & Consumer Products
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