Technical Accounting
Research, position memos, and implementation support for complex accounting standards so your financials stay accurate and audit-ready.
Some transactions do not fit neatly in the ledger: multi-element revenue arrangements (ASC 606), leases (ASC 842), convertible notes and other debt or equity instruments (ASC 470, 480, and 815), business combinations (ASC 805), and stock-based compensation (ASC 718). Getting them right means researching the applicable standards, documenting a position, and building the calculations and journal entries that follow from it.
Bassetti Consulting handles that work and coordinates it with your auditors before year-end, so conclusions are agreed while there is still time to adjust. The same approach applies to adopting new standards and to cleaning up prior-period treatment.
The result is a set of financial statements you can defend to auditors, lenders, and investors, with a documented basis for every significant judgment.
Common questions
What is a technical accounting memo?
A written analysis of how an accounting standard applies to a specific transaction: the facts, the relevant guidance, the alternatives considered, the conclusion, and the resulting entries. Auditors expect memos for significant judgments, and a clear memo makes the audit of that area far faster.
Which areas most often need technical accounting support?
Revenue recognition for contracts with multiple elements or variable pricing (ASC 606), lease accounting (ASC 842), debt and equity instruments such as convertible notes and warrants (ASC 470, 480, and 815), stock-based compensation (ASC 718), business combinations (ASC 805), and consolidation questions when new entities are formed (ASC 810).
When should we involve a technical accountant?
Before the transaction closes, when possible. Structuring decisions often have accounting consequences that are cheap to address up front and expensive to unwind later. If the transaction has already happened, the next best time is before the audit, so the position is documented and agreed early.
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