The classification of a transaction as either a business combination or an asset acquisition for financial reporting purposes has recently received greater attention. The differences between the two types of transactions can...more
8/8/2024
/ Accounting Standards ,
Acquisitions ,
Asset Purchase Agreements ,
Asset Valuations ,
Business Assets ,
Business Valuations ,
Fair Market Value ,
Goodwill ,
IFRS ,
Look-Back Measurement Period ,
Mergers ,
Non-Controlling Interests ,
Valuation
Over the last several years, an acquiring company’s stock has become a more commonly used currency in upstream oil & gas merger and acquisition transactions. This trend can be attributed to its benefits, such as providing...more
3/22/2024
/ Acquisitions ,
Business Valuations ,
Commodities ,
Consideration ,
Cost Allocation ,
Fair Value Standard ,
Mergers ,
Oil & Gas ,
Stock Purchase Agreement ,
Stocks ,
Upstream Contracts
Over time, personal and corporate income taxation tends to receive most of the media's and the public's attention. However, it’s important to remember that gift and estate taxes can also profoundly impact an individual’s...more
The requirements outlined in the tax code can significantly impact an individual’s gift and estate planning, and navigating these requirements effectively is crucial. In this blog post, we will delve into gift and estate tax...more
11/16/2023
/ Asset Valuations ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Gift Tax ,
Gift-Tax Exemption ,
Inheritance ,
Inheritance Tax ,
IRS ,
Tax Planning ,
Transfer of Assets
The decision of whether to classify a transaction as either a business combination or an asset acquisition has recently received greater attention. This article will not explore accounting-based pronouncements or the...more
In the years since FAS 141 (now codified as ASC 805, Business Combinations) was implemented in 2001, the vast majority of business combinations have resulted in the recognition of goodwill or have been goodwill/bargain...more
Last year saw a record number of reverse merger transactions, with 398 reverse mergers valued at nearly $135 billion, according to figures tracked by Bloomberg Law. Although 2021 marked the first time that many of such...more
Here are five concepts to keep in mind when utilizing stock as a form of consideration in an oil and gas transaction....more
10/13/2021
/ Acquisitions ,
Business Valuations ,
Commodities ,
Consideration ,
Cost Allocation ,
Fair Value Standard ,
Mergers ,
Oil & Gas ,
Stock Purchase Agreement ,
Stocks ,
Upstream Contracts
Find out why companies making technology-based acquisitions should be prepared with defensible and supportable valuation analyses that can stand up to scrutiny....more
Here are five things to remember when performing the valuation of shares of a closely held entity for gift and estate tax reporting...more
4/28/2021
/ Business Valuations ,
Closely Held Businesses ,
Estate Tax ,
Fair Market Value ,
Gift Tax ,
IRS ,
Revenue Rulings ,
Shareholders ,
Stocks ,
Tax Planning ,
Valuation
Market equity prices and indices continued to decrease for many energy companies during 2020. For instance, between January 13, 2020, and December 31, 2020, the S&P Oil & Gas Exploration and Production Select Industry...more
1/21/2021
/ Balance Sheets ,
Business Assets ,
Equity Markets ,
Exploration and Production Assets ,
Goodwill ,
Index Funds ,
Loss of Goodwill ,
Oil & Gas ,
Privately Held Corporations ,
Publicly-Traded Companies ,
S&P
The valuation of private equity investments has recently garnered greater marketplace attention, and the SEC is updating its guidance on these valuations for the first time in 50 years. Managing Director Paul Legoudes and...more
10/8/2020
/ Energy Market ,
Energy Sector ,
Fund Managers ,
Guidance Update ,
Investors ,
Private Equity ,
Private Equity Firms ,
Private Equity Funds ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Transparency ,
Valuation
As private equity fund managers assess the economic impact of COVID-19, developing reliable valuation processes and procedures for their investments will ensure transparency to regulators and investors....more
Now is the time for oil and gas companies emerging from Chapter 11 bankruptcy to adequately address their associated fresh-start reporting and valuations....more
Oilfield service companies will need to preserve capital and ride out the current storm before they can expect to see an uptick in activity....more
As you evaluate the impact of COVID-19 on your business, it’s important to consider these questions around goodwill and asset impairment testing....more
The global and domestic financial markets have seen significant downward volatility over the past several weeks coming on the heels of continued uncertainty related to the spread of the coronavirus (COVID-19) worldwide. The...more
Private equity fund managers need to develop reliable valuation processes and procedures when conducting fair value analyses in support of their investments to allow for a seamless review by independent auditors....more
1/22/2020
/ Accounting Standards ,
AICPA ,
Audits ,
Discounts ,
EBITDA ,
GAAP ,
IFRS ,
Income Taxes ,
Independent Audits ,
Private Equity ,
Private Equity Funds ,
Securities and Exchange Commission (SEC) ,
Valuation ,
Venture Capital
Find out why adequetely addressing year-end goodwill and long-lived asset impairment testing procedures improves financial audits, reviews and allows for greater transparency.
Market equity prices and indices continued to...more
1/9/2020
/ Accounting Standards ,
Balance Sheets ,
Business Assets ,
Capitalization ,
Commodities ,
Corporate Governance ,
Dow Jones ,
Energy Sector ,
Financial Statements ,
Goodwill ,
Oil & Gas ,
Privately Held Corporations ,
Publicly-Traded Companies ,
S&P ,
Transparency
The concept of a reverse merger, in short, holds that a privately held company acquires a publicly traded company. In so doing, the private company can gain access to public equity markets without going through the lengthy...more
In the years since Financial Accounting Standard (FAS) 141 (now codified as ASC 805, Business Combinations) was implemented in 2001, most business combinations have resulted in the recognition of goodwill or have been...more
By Kevin Cannon With the recent decrease in crude oil prices and market capitalizations, auditors and regulators will now very likely have a renewed focus on impairment testing for goodwill and long-lived assets on the...more
The valuation of private equity and venture capital investments has recently garnered greater marketplace attention. This comes as investors are demanding more transparency and information than ever before. The U.S....more
Over the last few years, technology has become increasingly more prominent in the extraction and production of oil and natural gas. Oilfield service and drilling providers have worked to develop greater technological...more
6/5/2018
/ Accounting Standards ,
Audits ,
Exploration and Production Assets ,
Natural Gas ,
Oil & Gas ,
PCAOB ,
Purchase Price ,
Research and Development ,
Resource Extraction ,
Valuation ,
Well Drilling