Technical Accounting Standards Implication
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At SS&Co. our vision is to be a leading global firm recognized for delivering exceptional financial and advisory services, fostering innovation, and setting the highest standards of professional integrity and excellence. We aim to empower businesses and individuals with accurate insights, enabling smarter decisions and sustainable growth.
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Technical Accounting
The Technical Accounting Standards Implication Advisory aims to assist organizations in understanding and applying complicated accounting standards.
This advisory usually includes helping clients grasp, implement, and adhere to updated or modified accounting regulations, those established by the Financial Accounting Standards Board (FASB) or International Financial Reporting Standards (IFRS).
How SS&Co. can assist your organization
Assessment of New or Changed Accounting Standards
Evaluating new or updated accounting standards involves reviewing changes such as FASB’s ASC or IFRS to assess their impact on financial statements and accounting policies. This leads to a thorough assessment report outlining the changes and their implications for the organization.
Policy and Procedure Updates
We provide guidance on revising accounting policies and procedures to ensure compliance with new standards. The final output includes revised policies and procedures that meet the new standard’s requirements.
Technical Accounting Memo/Analysis
Technical accounting memos are prepared to support the application of new standards to specific transactions or business scenarios. These memos document the appropriate accounting treatments and provide insights into the implementation process.
