Case Study Spotlight

$120 million Public Internet Company

AFS was engaged by this client to perform a security and risk assessment related to online payments and receipts MORE>

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Accounting and Finance

$1.3 billion Public Manufacturing and Distribution Company

AFS was initially engaged by this client to develop variable stock option models and to research and write technical memos for a number of stock option issues. Based on the success of this initial project, the client engaged AFS for additional technical accounting projects that continued over the next three years until the client was sold. These projects included, but were not limited to:

Accounting for the impact of the implementation of FIN 46, “Consolidation of Variable Interest Entities”
Research and accounting for FAS No. 144 “Accounting for the Impairment or Disposal of Long-Lived Asset”
EITF 97-15 “Accounting for Contingency Arrangements Based on Security Prices in a Purchase Business Combination”
FAS 133 “Accounting for Derivative Instruments and Hedging Activities” and accounting for discontinued operations

The client quickly noted the depth and breadth of technical experience that AFS professionals added to these projects - in particular resolving technical accounting issues. AFS professionals added significant value by increasing efficiencies within the client’s accounting and reporting functions throughout these assignments.