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, leases, convertible notes and other equity or debt instruments, business combinations, stock-based compensation. 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, lease accounting, debt and equity instruments such as convertible notes and warrants, stock-based compensation, business combinations, and consolidation questions when new entities are formed.
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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