Technical Accounting

Technical Accounting Considerations for the Start of 2021

HIGHLIGHTS OF TECHNICAL ACCOUNTING SUCCESSES

Success Story, Accounting After An Acquisition

BUSINESS CHALLENGE: Becoming SEC Compliant During a Period of Disorder

Our client—an independent exploration and production company – had just become acquired and was going through a time of significant disruption and post-merger integration. They needed to meet compliance standards quickly but had very little practice identifying the methods and tools they needed to do so. With the commotion taking place, they also lacked resources with the precise technical accounting expertise needed for this significant undertaking and this had become a challenge for senior management while time was of the essence……

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Success Story, SOX Compliance After Acquisition

BUSINESS CHALLENGE: Transition Out of Date Systems To Become SOX Compliant

Our client—an industry leader in oil and gas trading – had just become acquired and was working with out-of-date systems. They needed to meet compliance standards quickly but had no process for identifying the systems and tools they needed to do so. The system in use needed to be abandoned and this had become a challenge for senior management while time was of the essence……

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Success Story, Cost Reduction

BUSINESS CHALLENGE: Impact of Commodity Price on Revenue

The client—a large, publicly-traded master limited partnership that owns and operates midstream assets – was worried about the impact that the drop in commodity price was having on declining revenue. They needed a process for identifying cash leakage and reducing $10M in cost within 60 days. Additionally, decreasing cost at an additional $10M on a run-rate basis within 90 days was necessary. Time was not on their side and identifying cash optimization improvement opportunities had become a challenge for senior management.

Technical Accounting