Software co. needs to make their hard pre-audit accounting process easier​

Picture this...

You’re a PE-backed provider of specialized software, SaaS, and professional services. You’re facing significant accounting challenges in the areas of revenue recognition, debt modification, hedging, stock-based compensation, and cost accounting due to lack of technical competency, staff turnover in the controller’s office, and the absence of formalized accounting policies. You need to streamline your accounting function—but you need help doing it. ​

You turn to Accordion.

We partner with your CFO to resolve issues and correct errors; develop proper analyses, estimates, and calculations; formulate accounting policies, methodologies, and checklists; and develop a supportable position on these matters that you can defend to Big Four auditors. We:​

• Analyze and categorize deferred revenue, develop adjusted revenue recognition waterfalls, and ensure proper accounting for quarterly revenues (including adjustments to retained earnings and receivables). ​
• Assess and document debt modification processes, including cash flow analysis and accounting for potential extinguishments/modifications, and evaluate stock-based compensation plans for accurate accounting.​
• Review acquisition-associated costs to determine classification and devise corresponding purchase accounting entries.​
• Analyze hedge accounting for various instruments, segregating time value for separate accounting, and assess functional currency translations to identify components in comprehensive income. ​
• Perform goodwill and intangible assets impairment testing in line with new guidelines and identify software assets eligible for internal use and calculate capitalizable costs. ​

Your value is enhanced.

You’re able to correct accounting errors prior to your audit; achieve full compliance with complex FASB regulations; improve visibility into revenue, long- and short- term debt, and working capital; and obtain a clean audit. ​

As a result, you successfully prepare your annual financial statements, have them audited by your Big Four auditor, and issue them before the deadline—one whole calendar month earlier than in the previous fiscal year.