Financial Reporting
It is essential to maintain an accurate view of your finances. Working with our valuations team can help provide a full picture of your business.
In today’s complex regulatory environment, fair value in financial reporting has become more important than ever. Whether your company must comply with Accounting Standards for Private Enterprises (ASPE), U.S. Generally Accepted Accounting Principles (GAAP), or International Financial Reporting Standards (IFRS), you are required to prepare valuations for numerous financial reporting purposes. At MNP, our team of specialized chartered business valuators, complemented by a network of chartered professional accountants, can help you meet your financial reporting valuation requirements.
What’s your challenge?
Fair value
Certain financial reporting standards require the fair value measurement of assets and liabilities, which can be complex and subjective.
Compliance with regulation
Tax regulation is complex and constantly changing, making it hard for your team to keep up and stay compliant.
How we help
Purchase price allocations
Our team can help you determine the fair value of purchase consideration and intangible assets acquired in connection with business combinations.
Goodwill impairment testing
We can support in determining the fair value of intangible assets and goodwill for the purpose of impairment testing.
Stock-related compensation
Build an accurate plan by getting the fair value for performance share units, employee stock options, and other stock-related forms of compensation.
Investment in private entities
If you’ve invested in a private company, we can help determine the fair value, including for investment fund holdings with simple or complex capital structures.
Frequently Asked Questions
The frequency of financial reporting depends on various factors, but regular reporting, such as quarterly or annually, is common. We can tailor a schedule based on your business needs.
Valuation methods such as market approach, income approach, and cost approach are common. Each method has implications for financial reporting, influencing how assets and liabilities are recorded on the balance sheet.
Fair value measurement involves assessing the market value of assets and liabilities. It's crucial for accurate financial reporting — impacting everything from balance sheet values to impairment assessments.
Non-compliance with financial reporting standards can have legal and reputational consequences. Understanding standards like GAAP or IFRS is crucial to ensuring accurate and compliant reporting.
A valuations accountant ensures that the values assigned to assets and liabilities align with their true economic worth, contributing to accurate financial reporting and compliance.
Changes in operations or market conditions can affect the value of assets and liabilities. Regular assessments and adjustments are necessary to reflect these changes accurately in financial reports.
Valuations influence various aspects, such as goodwill impairment, purchase price allocations, and fair value adjustments. Understanding these examples can provide insights into their broader impact.
Accurate financial reporting and valuations provide a clear understanding of your business's financial health, supporting strategic decision-making related to investments, expansions, or mergers and acquisitions.
Ensuring transparent and clear financial reports involves detailed disclosures, adherence to standards, and clear communication. We can work together to enhance the clarity of your reports.
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Contact our Valuations team
Brittany Dela Rosa , CPA, CA, CBV
Partner
Brittany is a member of MNP’s Valuations and Litigation Support Services team. With more than a decade of accounting experience, Brittany leads the audit assistance and financial reporting portion of MNP’s valuations practice in Calgary, working with internal and external clients to review and prepare fair value analysis, impairment assessments, and purchase price allocations as required for financial reporting purposes.
Victor Wong CPA, CMA, CBV
Partner, Valuation & Litigation Support