ARAS Services

IPO READINESS

Going public can be a major benefit to your business, yet getting there is often a time consuming and daunting process, so how can our professionals help?

4 STEP APPROACH

BDO has guided numerous companies in going public. We work collaboratively with finance teams, external auditors, legal counsel, and investment banking professionals.

We provide our clients with a wide range of high-level consultative services, including assistance in going public and other capital raising transactions, financial reporting, resolution of complex accounting and reporting issues, and implementation of new accounting standards.

What services are provided by the BDO Accounting & Reporting Advisory Services (ARAS) practice?

CONTACTS

INDUSTRY GUIDANCE

IFS SERVICES

NEW STANDARD IMPLEMENTATION

FINANCIAL REPORTING

ACCOUNTING ADVISORY

CAPITAL RISING TRANSACTIONS

IPO READINESS

CONTACTS

INDUSTRY GUIDANCE

NEW STANDARD IMPLEMENTATION

IFRS SERVICES

FINANCIAL REPORTING

ACCOUNTING ADVISORY

CAPITAL RAISING TRANSACTIONS

IPO READINESS

UNIQUELY QUALIFIED FOR COMPLEX ISSUES

Accounting & Reporting Advisory Services

Preparing for audit Evaluating gaps in the company’s governance and operational structures to prepare for IPO Draft registration statements Convert private company statements to public-ready Financial statements Assist in the preparation of quarterly financial statements as part of the public filing

u u u u u

Recommend upgrades to various accounting policies and draft accounting memos on complex matters Comment letter and preclearance letter assistance Interpret rules and regulations of the SEC Assist in drafting periodic filings and transactional filings

u u u u

STEP 1: PRE-FILING SUPPORT

STEP 2: REGISTRATION STATEMENT PREPARATION

STEP 3: FILE AND RESPOND TO SEC COMMENTS

STEP 4: POST IPO

Capital-Raising Transactions

For companies poised for growth, BDO’s ARAS team offers services around a number of business and capital-raising transactions. Whether exploring a business combination or divestiture, joint venture, 144a, equity and debt structuring, or stock combination, we advise on updating accounting policies so your team can stay focused on the end goal.

Throughout the process, what can our team can assist with?

U.S. GAAP and IFRS conversion Application of SEC rules and guidance Purchase price allocation

u u u

Expensing transaction costs Stock combination valuations Preparation of carve-out financial statements

u u u

Additional services that BDO can provide include:

Provide advice on international tax matters Assist in preparing a data room for prospective buyers Prepare valuations for the acquired business Document accounting for the purchase price allocation

u u u u

Evaluate operational issues and readiness Complete buy or sell side due diligence and prepare Quality of Earnings Advise on tax implications of acquisition and/or divestiture structures

u u u

BACK

Accounting Advisory

U.S. Generally Accepted Accounting Principles (GAAP) standards can be difficult to navigate. Our services include accounting assistance for companies of all sizes, both private and public, that include the following topics, and many more not listed.

Revenue Recognition and Lease Accounting

Reviewing complex revenue and lease contracts and determining the correct accounting under the new rules Preparing accounting policies and footnote disclosures for revenue recognition and lease accounting Provide services as an outsource Deal Desk to provide advice in real time, as deals are being negotiated.

u u u

Business Combinations

Navigating accounting rules between business combinations and asset acquisitions Determining pro-forma and acquisition related financial statement requirements based on SEC rules and regulations All aspects of ASC 805 for opening balance sheet accounting Share-based issues (i.e. purchase consideration or future compensation)

u u u u

Complex Financial Instruments

Determining whether an instrument is debt versus equity Derivatives (including the analysis of embedded derivatives) Convertible debt and other redeemable or freestanding instruments

u u u

Share-Based Compensation

Assistance with determining the proper accounting guidance to apply (employee versus non-employee awards) Navigating grant date determinations, terminations, and modifications

u u

CONTACTS

INDUSTRY GUIDANCE

NEW STANDARD IMPLEMENTATION

IFRS SERVICES

FINANCIAL REPORTING

ACCOUNTING ADVISORY

CAPITAL RAISING TRANSACTIONS

IPO READINESS

BACK

BDO can assist in navigating the many complexities of financial reporting. Our assistance to clients is focused around the following areas:

financial reporting

Financial statement preparation, including disclosure compliance Assistance with ’33 and ’34 Act financial statement and filing requirements Assistance with restatements Carve-out and divesture financial statements Establishing a proper financial statement close process Preparation of pro forma financial information

u u u u u u

The world of accounting and financial reporting is constantly changing. With the issuance of new standards and new regulations companies must remain keenly aware of these changes. BDO understands the widespread impacts of the implementation of new standards, and its implications throughout organizations from financial and operational processes to system and governance change.

New Standard Implementation

Revenue Recognition Lease Accounting Financial Instruments – Current Expected Credit Losses And more …

u u u u

We offer valuable guidance and provide step-by-step assistance in implementing the new rules on:

BDO’s dedicated professionals leverage a global network to provide standardized reporting services as well as the industry’s highest levels of insight and technical knowledge. We help companies around the world connect the dots between U.S. Generally Accepted Accounting Principles (GAAP), Internation al Financial Reporting Standards (IFRS), and local statutory accounting requirements.

IFRS SERVICES

What service areas are available?

Reporting and Compliance

Global Coordination

Filing Statements in Other Countries

BACK

International Resources

For BDO, “international resources” means access to high-level partners and staff in the countries that matter most to your business. In addition to a depth of accounting knowledge, BDO’s professionals possess cross-cultural understanding and experience, allowing us unique insight into the people, languages, and accounting practices of oher countries. For many businesses, transitioning to IFRS can seem daunting – the standards are unfamiliar and execution can be consuming. Our dedicated teams help you navigate the process from start to finish, ensuring efficient change and minimum disruption to your business.

Step 3: Implementation

Step 2: Detailed Assessment

Step 1: Preliminary Impact Assessment

BDO’s IFRS conversion process is broken down into four phases:

Step 4: Post Implementation Review

All financial reporting services are carefully tailored to individual clients in order to reflect the specific operational, regulatory, and financial risks they face.

BACK

Our focused IFRS leaders collaborate and communicate through a strategic BDO IFRS task force, and BDO International IFRS Working Party, which are comprised of members of the IFRS Interpretations Committee of the IASB. We share our knowledge on significant IFRS matters through regular insights, which keep our clients up to date; focusing on the latest developments in the area of international financial reporting.

IFRS LEADERSHIP

BACK

Industry experience has emerged at the top of the list of what businesses need and expect from their accountants and advisors. The power of industry experience is perspective - perspective we bring to help you best leverage your own capabilities and resources. BDO professionals combine deep technical expertise with a wide range of industry knowledge including real estate, natural resources, technology, manufacturing and distribution, and more.

Industry-Specific Guidance

contacts

MICHAEL STEVENSON Partner National Accounting & Reporting Advisory Services Practice Leader 214-665-0707 mstevenson@bdo.com

FAISAL JEDDY Partner West Region Accounting & Reporting Advisory Services Practice Leader 408-352-3603 fjeddy@bdo.com

ROBERT TRINCHETTO Partner Northeast Region Accounting & Reporting Advisory Services Practice Leader 212-885-7349 rtrinchetto@bdo.com

JUMP TO ANOTHER SECTION