Financial Reporting

Prairie Capital Advisors provides corporate accounting teams and financial sponsors with leading fair value measurements for financial reporting, portfolio and fund valuations. Prairie’s professionals are experienced, efficient and work collaboratively with external audit teams.

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Our Financial Reporting Capabilities

Financial Reporting

We advise corporate accounting teams on establishing appropriate fair values of assets and liabilities that adhere the GAAP reporting requirements. Our team provides defensible conclusions applying the fair value appraisal guidance mandated by ASC 820.

Portfolio and Fund Valuations

We provide financial sponsors with the fair value of their investments on a periodic basis. We assist valuation committees to adequately fulfill their fiduciary duties thus minimizing risk from regulators.

Purchase Price Allocation (ASC 805) – Our team brings expertise to all intangible assets, contingent consideration, rollover equity, and inventory valuations needed for the opening balance sheet for business combinations. We work closely with corporate accounting teams and external auditors to minimize disruption to the management team and maximize compliance efficiency.
Equity-Based Compensation (ASC 718) – We determine the equity value of the Company using recent sales of the Company’s stock or fundamental valuation methods, then estimate the value of the awards using an option pricing model based on reasonable and supportable assumptions.
Fair Value Measurements (ASC 820) – Our team delivers independent, defensible fair value measurements for businesses to provide critical insights and the support necessary to comply with fair value accounting standards.
Goodwill & Indefinite Lived Intangible Asset Impairment (ASC 350) and Long-lived Asset Impairment (ASC 360) – We provide comprehensive impairment testing services to help businesses evaluate the recoverability of long-lived assets when a triggering event occurs and assess potential goodwill and indefinite-lived intangible asset impairments when necessary.