In Focus

• Guide to Accounting Standard Codification (ASC) 842
• Key Considerations for Private Companies Adopting ASC 842
• Impairment Considerations when Adopting ASC 842
• Lease Accounting Considerations in Business Combinations
• How to Calculate the Balance Sheet Impact of ASC 842 Adoption
• ASC 842 and the Impact on Business Valuation
• FASB Postpones New Rules on Accounting and Disclosure of Goodwill
• The Transition from LIBOR: Alternative Reference Rates and What They Mean for Valuations
• Bargain Purchases Causes, Timelines, and Accounting Treatment

Wide Lens

• Continuation Vehicles: Valuation and Fairness Considerations
• A Look at SEC's Proposed Rules on Adviser-Led Secondary Transactions
• Q&A: Current Trends in Valuing Complex Financial Instruments
• The Popularity, Regulation, and Future of SPACs

What's Trending

• What ESG is, Why It's Important, and Where it Might Be Going
• Trending in M&A: Inflation, Lending, and ESG
• SEC Chair Gary Gensler Shares Staff Projects Relating to Crypto
• Leading Women at Stout: Michelle Johnson and Emma Bienias 

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At this point, you have likely participated in enough webinars and other conversations to understand that the new lease standard, codified as Accounting Standard Codification (ASC) 842, brings operating leases onto the balance sheet. While you know it is coming and likely have a general sense of the adoption effort, the devil is in the details.

We understand that with lean accounting and finance departments, and an ever-changing accounting landscape, companies often struggle with the accounting and financial reporting requirements of non-recurring transactions and the adoption of new standards. The new lease guidance, ASC 842, can be especially complex and time consuming.

Our professionals have extensive experience with all aspects of lease accounting, including already helping approximately 100 companies implement the new standard, and are uniquely positioned to support your adoption process. We offer a flexible approach to adoption and post-adoption support and can tailor our services based on your needs, budget, and internal resource capacity. Because Stout is not a CPA firm, we can provide a full range of deliverables, including supporting schedules, journal entries, and accounting memoranda. When you work with Stout, you can expect: 

• Senior-level attention throughout the project 
• A partner who understands your business, challenges, and needs
• A practical, flexible approach that enables us to deliver within your timeline 

To learn more on how we can help you implement the new lease accounting standard, download Your Guide to Accounting Standard Codification (ASC) 842.

Select Engagements

• Performed ASC 842 lease adoption for media company
• Impairment Testing of Right-of-Use Assets Under ASC 842
• ASC 842 Lease Re-measurement Upon Emergence from Bankruptcy
• Assisted with ASC 842 Implementation for Integrated Health System
• Performed Full Adoption of ASC 842 Leases for Energy Company
• Lease Standard Adoption under IFRS 

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Stout has announced the acquisition of Genova Group, a Philadelphia-based advisory firm committed to providing best-in-class accounting, tax, and valuation advisory services. Stout and Genova Group have natural synergies in the areas of accounting and reporting advisory and valuation advisory, with Genova augmenting Stout’s geographical footprint in the Northeast. Genova Group’s financial operations and tax advisory capabilities bring added value to Stout’s suite of transaction advisory service offerings. Stout is pleased to welcome Genova’s team of twenty professionals, led by Managing Directors and Genova Group co-founders Gaeton Biscardi and John Mertz.

Stout’s valuation professionals, Harris Antoniades, Justin Burchett, Andrew Fargason, Ioannis Michopoulos, Brendan Smith, and Aaron Stumpf contributed to the 6th edition of “Valuing a Business,” providing expert insights to existing or newly authored chapters. For over 40 years, Dr. Shannon Pratt’s “Valuing a Business” has been the go-to valuation guide in the field with need-to-know information about taxes, financial reporting, compliance, and more. The new edition provides a comprehensive reference and update for business appraisers, a complete self-contained text for both academic courses and beginning practitioners, and an easy-to-use reference for non-appraisers who use and/or evaluate business appraisals.

You can read more about our accomplishments in Stout's annual report. 

M&A activity in the packaging industry increased sharply at the beginning of 2021 and has continued to accelerate as pandemic concerns begin to wane. Our latest edition of the packaging industry report includes:

• M&A Activity
• Trends
• Macroeconomic Update
• 2021 Deal Highlights
• Public Market Performance by Subsector 

Download the Full Report