Finatra Consult

Services

Technical Accounting & Research (TAR)

New Accounting Standards such as Revenue Recognition, Leases and CECL get extremely tricky given the existing stringent policies and complex guidance. We can guide you through not only adoption of the standard but also implementing and monitoring it, ensuring 100% compliance.

Our experienced accountants combine their robust technical skills with a solid understanding of U.S. GAAP & IFRS. With deep experience in accounting, our team can navigate complex accounting databases to find any relevant accounting standards necessary for your business and help with implementation

REVENUE RECOGNITION - ASC 606

ASC 606, issued by FASB, establishes a comprehensive framework for recognizing revenue from contracts with customers through 5 holistic steps starting from identifying a contract and ultimately choosing the recognition method based on the nature of your business

LEASE ACCOUNTING - ASC 842

ASC 842 governs accounting for all residential or commercial leases, beginning from identifying the type, such as operating, finance, or sales leaseback, and recognizing the Right-of-Use asset and Lease Liability in the financial statements and related financial reporting

BUSINESS COMBINATIONS AND CONSOLIDATIONS - ASC 805 & 810

Our astute controllers are prepared to take over and assist you in turning those statistics into insightful reports, whether it is financial reporting, accounting supervision, internal controls & compliance, budgeting & forecasting, or audit support.

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