We understand the specialized markets in which you operate and provide tailored solutions to meet your unique business needs.
Our comprehensive suite of business services combines industry expertise, market knowledge and professional insights.
MNP is a leading national accounting, tax and business consulting firm in Canada.
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MNP careers are Different by Design. As an entrepreneurial firm, we truly believe there are no limits to where your career can go.
Meeting your regulatory compliance requirements can be daunting. Many organizations lack the internal resources to implement complex financial reporting standards, never mind staying up-to-date on new accounting standards and their impact on your business.
Having a clear fair market value for your business is an essential part of various financial reporting requirements – whether under Canada’s Accounting Standards for Private Enterprises (ASPE), U.S. Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).
We can assist you with determining the fair value of goodwill, investment fund holdings and intangible and tangible assets in accordance with the Chartered Professional Accountants of Canada, the Financial Accounting Standards Board and International Financial Reporting Standards.
Purchase Price Allocation (PPA) is an application of goodwill accounting whereby one company (the acquirer), when purchasing a second company (the target), assigns new values to the target’s assets and liabilities based on the price paid.
The outcome of the PPA process is a report conveying the results of a valuation analysis and the determined fair value of identifiable intangible assets. This report meets any and all applicable financial reporting standards / requirements within Canada, the U.S. or both.
We work with public and private companies on determining the fair value of intangible assets, as well as annual goodwill impairment tests. This work is carried out in accordance with rules issue by the Chartered Professional Accountants of Canada (CPAC) and the United States Financial Accounting Standards Board.
The objective of the financial reporting standard is to improve the relevance, representational faithfulness and comparability of the information that a reporting entity provides in its financial reports about a business combination and its effects.
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