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Financial & Accounting Advisory Services - Ernst & Young - United States

Integrated approach to core financial and accounting issues

Focus on the issues that matter

As the global economy begins to emerge from recent economic upheaval, several key changes are taking place across the business landscape. We see an increasing trend for regulators to focus on changing and updating financial and accounting standards to reflect a new business imperative, with the ultimate goal of eventually achieving a consistent global framework. At the same time, companies are becoming more active with acquisitions, divestitures, restructuring or other transformational initiatives.

We advise our clients on the implications of these financial and accounting changes, and provide them with guidance and potential solutions to best prepare for and implement those changes. And for those companies increasing M&A activity or undertaking financial transformations or similar projects, our knowledge of how these accounting changes will impact those decisions has proven extremely valuable. This intersection of accounting acumen and business advice is where Financial Accounting Advisory Services (FAAS) can add true value to your organization.

Oil and gas financial accounting advisory services

As their operating and regulatory environment evolves, oil and gas companies are becoming more active with acquisitions, divestitures, restructuring or other transformational initiatives. But as they review their strategic opportunities, they must also consider the accounting implications. We can help.

Practical Matters: changes to lease accounting proposals

Our new publication, Lease accounting proposals simplified, but not simple, explores recent changes to last year's exposure draft on lease accounting and highlights the potential implications. The article is part of Practical matters for the c-suite, an ongoing thought leadership series. Please visit the AccountingLink home page for related materials.

The IASB/FASB Boards React to Feedback

A new article by EY partner, Betty Davis, discusses significant changes the IASB and FASB are making to their August 2010 exposure drafts on proposed new rules for lease accounting. These changes have been made in response to over 750 comment letters, numerous roundtable discussions and field studies conducted worldwide. Developed exclusively for World Leasing News, the article is available from www.WorldLeasingNews.com. Read The IASB/FASB Boards React to Feedback.

Wrestling with XBRL?

The move to detailed tagging has brought new requirements that have added complexities. Because of this, many registrants have had to spend much more time with their XBRL exhibits during the creation and review processes. Learn how to avoid some common mistakes by listening to an archive replay of our November 18 webcast, Talkin' Tags: XBRL - common mistakes and insights.

Change is coming

The ambitious convergence agenda agreed to by the FASB and the IASB continues at full throttle. Our latest publication, Change is coming. Are you ready? discusses the unprecedented accounting changes US companies will face, as well as the significant impacts expected on IT systems and processes, key financial metrics, human resources, tax, legal and contracts, and operations.

Assurance Services 2012 Speakers Directory
Guide designed to be a helpful tool in identifying moderators, panelists and speakers for programs that address today’s important business issues.

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