Technical Accounting

Helping Clients Solve Problems Others Cannot

"Connor Group acted as an extension of our team throughout the process providing guidance and expertise in very critical and technical areas"
- Corp Controller | Portola Pharmaceuticals

Our professionals combine technical knowledge that is on par with the best among the industry, including large accounting firms, with our appreciation of practicalities and challenges of real world business. Our unique service delivery approach is built on quality and centers around a hands-on executive led team that partners with you to make our skills and expertise work for you. We do not provide signed audit, review, or compilation services. Therefore, we are not restricted by independence rules of a typical accounting firm. We roll up our sleeves and work for and on behalf of company management to help you look good and succeed.

We stay at the forefront of the ever evolving accounting landscape. Just like we developed solutions for many companies that adopted the current multiple-element revenue guidance beginning in 2009, we have been deeply involved with ASC 606, the new standard released by the FASB in 2014. Starting with contributing to the drafting process through comment letters, to developing a deep understanding of the new standard’s provisions and the underlying principles, to leading our clients through the implementation, we once again influence the leading-edge accounting practices.

Our services touch on many industries and encompass almost the entire range of accounting and reporting topics for public and private companies. Among those, our clients frequently ask us for help with the following:

Business Advisors to Finance Executives, Private Equity and Venture Capital Investors and Audit Committees (Board)

  • Assist with structuring transactions to accomplish objectives
  • Advise on accounting and reporting implications of business transactions
  • Provide practical solutions focused around value creation and operational feasibility
  • Advise on SEC rules and regulations, new accounting standards, and hot topics
  • Advise on restatements, corrections of errors and changes in estimates

Financial Statements, Audit Support and SEC reporting

  • Audit preparation and support throughout the external audit process
  • Financial statement preparation, including 10Ks,10Qs and public filings
  • IFRS to US GAAP (and vice versa) conversions
  • SEC pre-clearance letters, adoption of new accounting standards including revenue, leasing and expected credit losses

IPO and SPAC Readiness

  • Accounting roadmap, planning and management
  • Financial statement and MD&A preparation
  • Audit support, including PCAOB uplift procedures to SEC compliant financial statements
  • Quarterly SAS 100 financial statements
  • SEC comment letter response preparation

Business Combinations

  • Business and asset acquisitions
  • Purchase price allocation and contingent consideration
  • Day One accounting
  • Reverse mergers, spin-offs, carve-outs
  • SEC reporting requirements including pro-forma financial statements

Revenue Recognition

  • Implementation of ASC 606
  • Revenue recognition policy
  • Transaction-level revenue and deferred revenue subledgers
  • Warranty accounting

Equity and Liability Instruments

  • Regular and convertible debt and bridge loans
  • Convertible and redeemable preferred stock
  • Warrants, embedded derivatives, and other complex instruments
  • Investments in dept and equity instruments
  • Derivatives and hedging

Stock Based Compensation

  • Policy, whitepaper, and sub-ledger calculations
  • Service, performance and market awards, non-employee grants, and equity modifications
  • Cheap stock consideration
  • Implementation and validation of equity management system
  • Employee stock purchase plan

Industry-Specific Technical Memos and Calculations

  • Software, cloud and Internet (revenue, principal v. agent, software capitalization)
  • Life sciences (commercialization, collaborations, R&D costs, product financing)
  • Renewable energy (variable interest entities, leases, renewable energy credits)
  • eGaming (estimating life of game/gamer/virtual goods, principal v. agent)