In Focus

• Key Considerations for Private Companies Adopting ASC 842
• How to Calculate the Balance Sheet Impact of ASC 842 Adoption
• Featured in Bloomberg: Impairment Considerations When Adopting ASC 842
• Lease Accounting Considerations in Business Combinations
• ASC 842 and the Impact on Business Valuation
• Shaking It Up: A Look at Goodwill Reassignments
• Replacing LIBOR

Wide Lens

• IT Due Diligence: Why You Should Consider It
• FinCen Advisory on Ransomware
• Fending Off Bankruptcy Claims During a Pandemic

What's Trending

• The Value of Michael Jackson's Intellectual Property After His Death
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NEW HIRE ANNOUNCEMENTS

Stout is pleased to welcome the following professionals to the Accounting and Reporting Advisory practice.

• Brad Burch Brad has more than 24 years of experience assisting both public and private clients with complex technical accounting and financial reporting matters such as revenue recognition, debt and equity arrangements including embedded derivatives, business combinations, variable interest entities, unconsolidated entities, share-based compensation, goodwill and intangible assets, financial statement preparation, earnings per share, SEC reporting, and initial public offerings.
• Jeremy Enuson – Jeremy has more than 13 years of experience providing audit and advisory support to both public and private sector clients. Jeremy advises both publicly-traded and privately-owned companies on accounting standard adoptions, business combinations and initial public offerings.

With lean accounting and finance departments and an ever-changing regulatory landscape, companies often struggle with the accounting and financial reporting requirements of non-recurring transactions. Such requirements can be complex and time-consuming, whether the matter is the result of a merger or acquisition, divestiture, initial public offering, significant new contract, or adoption of a newly-issued accounting standard.

Our professionals’ large-firm and corporate experience, combined with a hands-on approach, uniquely positions Stout to deliver accounting expertise and horsepower around complex accounting and financial reporting topics. We offer a flexible and practical approach and can assist with projects large and small. Because we are not a CPA firm, Stout is not bound by independence restrictions.

Our services include: 

• Technical accounting consulting – We provide expertise across a wide range of technical accounting topics, such as business combinations, complex equity and debt instruments, derivatives and hedging, stock-based compensation, revenue recognition, impairments of goodwill, intangible assets, or fixed assets, consolidations and variable interest entities, lease accounting, carve-outs and divestitures, and fresh start accounting. 
• Public company readiness- We assist companies in preparing the SEC filings required to become a public company, transforming their financial organization to meet public company requirements, providing audit readiness and support, and supporting public company financial reporting and other ongoing complex accounting matters. 
• Finance integration - We focus on all aspects of post-acquisition integration within the finance function and its sub-verticals. Whether it be tax, treasury, FP&A, accounting, finance operations, or financial reporting, we can ensure preparedness at closing, smooth execution during the first 100 days, and establishment of a sustainable finance operating model at steady state. 
• Internal control over financial reporting - We promote operational efficiency and ensure the accuracy of financial records. Internal controls that are designed and operating effectively help safeguard a company and its assets, minimize risk, and provide reasonable assurance to internal and external stakeholders that the company is operating in accordance with policies, rules, regulations, and laws.

Learn more about Stout's Accounting & Reporting Advisory Practice.

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Select Engagements

• Performed full adoption of ASC 842 leases for energy company
• Assisted with ASC 842 implementation for integrated health system
• Valued retail company and brand name for impairment testing purposes
• Annual goodwill and intangible asset impairment testing for Tropicana
• Impairment testing valuation under U.S. and Japanese GAAP

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• Stout is pleased to announce that Jason Muraco has been named Stout's newest Corporate Valuation Advisory Practice Leader. Jason has over 20 years of experience at Stout -  providing a broad range of business valuation and financial advisory services for public and large private enterprises.
• Stout announces the acquisition of Secura Risk Management, LLC, a boutique Atlanta-based consulting firm and membership organization that works with financial institutions of all types and sizes in the areas of payments, regulatory compliance, fraud and risk management, and training and education. The addition of Secura will add Payments to Stout's existing complement of regulatory compliance services for all types of financial institutions. Learn more about the acquisition.
• Stout joins CEO Action Diversity & Inclusion™, pledging to advance diversity and inclusion in the workplace. By joining the pledge, Stout is committing to act and cultivate a workplace where diverse perspectives and experiences are welcomed and respected and where employees feel encouraged to discuss diversity and inclusion. Stout is already taking steps towards effecting positive change with a diverse and inclusive workforce, as evidenced by its DEI initiative
• Seven of Stout's intellectual property (IP) experts have been recognized by Intellectual Asset Management (IAM) in its 2021 Patent 1000 and Strategy 300 rankings. Stout has one of the largest numbers of recognized experts among the U.S. firms ranked this year.
• In 1991, Craige Stout founded the firm in Detroit with a two-person team in a living room. In 2021, we celebrate Stout's 30-year anniversary with offices in North America, Asia, and Europe. From the beginning, it's commitment to client service has never wavered and today, Stout stands true to its promise to provide relentless excellence to its clients. Watch our video to hear what Relentless Excellence means to our professionals.

For almost 30 years, we have put our clients first by understanding their needs, adding value, and setting and managing client expectations all while being responsive and communicative every step of the way. As a result, our net promoter score (a measure of our clients' willingness to recommend our services) is consistently in the 90s, and 69% of our engagements involve repeat clients.

Learn more about our approach to client service, watch our video to learn more about what Relentless Excellence^® means, and see what our clients have to say below:

"[Your professional] was not only really impressive in how quickly he got up the learning curve on all of our entities and ownership structure, but whenever we had questions or concerns, his answers were great about clearing up some tricky concepts for us" - Executive

"All the team is great!" - Director of Finance

"The deliverables were right on time...every time" - CFO

"The team at Stout has been very helpful in the valuation of a bespoke project that is not straightforward, has a complex capital structure, and requires thinking and conversation re: comparables and various outcome scenarios. They are communicative and take multiple kinds of data into account. They are personable, thoughtful, and genuine people which we appreciate." - Managing Director

"Very collaborative, thoughtful, and responsive. I look forward to future assignments." - Partner