Case Study Spotlight

$2.6 billion Public Home Building Company

AFS was retained by a public $2.6 billion home builder to help bring a $500 million revenue joint venture (JV) out MORE>

Services

Value-Added Services That Meet Your Goals

AFS has assembled a multi-disciplinary team of top professionals with the expertise and industry insight to help navigate your organization through a wide range of accounting, finance, internal audit, compliance and technology needs. AFS utilizes a hands on approach, seasoned professionals and proven tools and methodologies to deliver services ranging from individual outsourcing to complete project consulting solutions. Our services are staffed with our employees and tailored to your needs to provide a superior quality solution.

Accounting and Finance

AFS recognizes that companies require quality, cost effective and efficiently managed consulting services to fill a wide variety of accounting and finance needs. Whether you need a team of experts or a single seasoned resource, our professionals possess a deep understanding of accounting and finance issues and activities allowing us to deliver superior, value-added services.

Audit preparation services: AFS will assist your organization in navigating through the audit process by working in tandem with your accounting personnel. AFS professionals bring not only years of audit experience, but will provide hands on assistance. Whether you have resource constraints, need a qualified professional to prepare audit schedules or team assistance to facilitate the entire process, AFS will ensure that you successfully meet your goals and deadlines.
Technical accounting/implementation of new accounting standards: AFS consistently monitors emerging accounting rules and standards and alerts our clients to changing requlations. We provide assistance in addressing the nuances and complexities of newly arising accounting and reporting issues affecting your organization.
Interim CFO/Controller/Accounting Manager services: AFS' professionals have the experience to help your organization during times of personnel turnover and periodic workload spikes. Our qualified professionals are able to address specific technical issues and comprehensive special projects. AFS offers outsourced professionals to fill Accounting Manager through CFO positions. We provide consistent interim accounting solutions by providing professionals who are dedicated to your organization’s requirements on an as-needed basis.
IFRS implementation and compliance: On August 27, 2008, the Securities and Exchange Commission (SEC) proposed a roadmap outlining key milestones for future adoption of International Financial Reporting Standards (IFRS) for all U.S. filers. The proposed roadmap provides an initial timeline enabling U.S. issuers to begin assessing the impact this will have on their businesses and assist in planning for a smooth transition to IFRS.

Companies need to understand the implications of IFRS on their financial results, processes, policies and internal controls. AFS will help evaluate your organization’s preparedness and recommend next steps. Our services include analyzing the impact and risks of transitioning and the effects on the internal and external financial statements, developing transitional strategy, implementation assistance and project oversight. We will help evaluate your transition needs from the planning and assessment phase through final implementation.
Enterprise risk management: AFS will assess and identify the key risks within your organization and work with you to provide a functional approach to enterprise risk management. We will maximize the value of your enterprise risk management strategy by developing a clear picture of risks and determining the areas where you can enhance the organization’s risk management competency.
Sarbanes-Oxley 404 services: AFS assists organizations in maximizing the long-term value of their Sarbanes-Oxley (SOX) 404 activities by identifying process efficiencies and strengthening internal controls during SOX 404 compliance. AFS will provide your organization with professionals that possess a deep understanding of compliance at all levels of SOX implementation and maintenance efforts.
Business process improvement: AFS' Business Process Improvement solutions are designed to optimize processes that are critical to managing business. Our proven methodology, led by a Six-Sigma Black Belt, allows us to deliver valuable results through a quantifiable return on investments. AFS utilizes tools that logically address key phases of a project - from problem identification through solution implementation - by linking underlying causes and effects and establishing best practices to ensure the solutions are sustainable.
Financial and operational due diligence: A potential purchase target must be evaluated through due diligence to provide a clearer picture of what you plan to acquire. Our professionals utilize AFS’ state of the art tools and methodologies to uncover and quantify industry and deal-specific risks and opportunities, hidden costs, contingencies and commitments, as well as evaluate historical and projected cash flows. Our team of professionals will assist in structuring purchase price adjustment mechanisms, assess the target organization's internal control picture, understand the impact of any regulatory matters on the target organization's industry and assess the effectiveness of information technology systems and risk management practices.
Post-acquisition integration services: AFS' dedicated team of transaction specialists will address the numerous issues organizations face once a deal is executed. We have assisted numerous entities in transitioning newly acquired companies. AFS can assess and improve an acquiree's financial reporting function by analyzing, assessing and implementing changes to their financial processes, practices, resources and IT capabilities. Our services include accounting and technology integration planning and implementation, as well as performance improvement and turnaround reporting. Our professionals have the experience of serving as interim CFOs and/or Controllers and are able to quickly step in and respond to an organization’s interim needs. We tailor our broad range of solutions to meet your specific needs.
SWAT – accounting and reporting response team: AFS' SWAT team is designed to ensure your organization can provide timely and accurate reporting when non-routine transactions occur. AFS knows that the accounting and finance organization is crucial to planning, measuring and monitoring business performance and providing critical information for decision-making. Our multi-disciplinary team will assist you in meeting your financial and reporting deadlines especially when there has been a recent change to the extent and/or timing of your reporting requirements.

We will assist your organization in standardizing its financial reporting processes and policies. Our highly trained and effective SWAT teams move quickly to address urgent needs related to wide-spread accounting clean-up, GAAP conversion, systems integration and/or solutions, complex or technical accounting issues or reporting challenges. Our goal is to provide your accounting and finance organization with strategic insight through the design and implementation of leading-edge budgeting and planning practices and the development and alignment of key metrics, strategies, processes and technology for continuously monitoring business performance and the effectiveness of governance

Information Technology

Advanced Financial Solutions merges business process and information technology talent to create our unified approach to Information Technology Consulting. Our distinctive experience means a full integration of finance and technology to provide a superior solution to our clients. Your business and technology challenges are unique and require a customized response to your needs and optimization of your capabilities. Our approach is designed to be flexible to your current environment and internal resources.

AFS' collective experiences working with multiple industries, firms, and projects will be fully utilized to provide each client with invaluable IT services. Our methodology and expertise will be applied to your specific challenges to produce high-quality results at a reasonable cost.

The Information Technology consulting services provided to our clients revolve around a myriad of computer applications running on multiple platforms - Internet/Intranet, client/server, midrange, and mainframe. Our IT professionals are certified information system auditors (CISA) with several years of public accounting and industry experience.

IT risk assessment
IT general controls review
Sarbanes-Oxley Section 404 compliance
Review of IT effectiveness
Information security and control assessment
IT policies and procedures development
Pre and post integration review
Privacy and data control review
Internal and external vulnerability assessment
Business continuity plan / disaster recovery plan assessment
System licensing compliance review
Security reviews
Change management controls review
Web application testing
IT governance review
IT staff augmentation

Case Study Spotlight

Services

Value-Added Services That Meet Your Goals

Accounting and Finance

Internal Audit and Compliance

Transactions Services

Information Technology