Alternative Investment Valuation and Financial Advisory Firm Transparently Serving the Full Range of Asset Managers, Attorneys, CFOs, and CPAsTM
NAV offers financial reporting services for Accounting Standard Codification 852 (“ASC 852”) compliance. ASC 852 is the U.S. GAAP section outlining the "fresh start" accounting for the revaluation of assets for companies emerging from bankruptcy.
The issue of fresh start accounting is often complex for technology-driven companies. Technology firms often have tremendous intangible value. Many tech firms, or any firm losing money, nonetheless lack a proven record of either cash flow or profits.
Our team applies our expertise in the valuation of intangible and tangible assets to assist clients in fresh start accounting engagements.
We take a vastly different approach to our goodwill impairment testing. Many valuation and advisory firms tell clients or prospective clients that auditors require a full-blown, detailed report for goodwill impairment testing.
We recommend firms speak with their auditors to decipher and document compliance with ASC 350. Our valuation team can perform the spreadsheet analysis or a cost-effective summary report or detailed report after such an endeavor. We perform all service options. However, we have also found many auditing firms will accept our independent spreadsheet analysis or summary report due to our reputation and accessibility. At NAV, we don’t deliver our results and walk away. We work tirelessly with auditors in answering questions. The report size and deliverables may vary by client and company performance. The rigorous analysis and valuation procedures supporting our conclusion do not.