Technical Accounting

With a deep understanding of revenue recognition principles, Solaris assists organizations in interpreting and applying the five-step model, ensuring that revenue is recognized accurately and consistently. Our team offers tailored solutions that help businesses identify performance obligations, determine transaction prices, and allocate them correctly across contracts.

Through hands-on support and detailed analysis, Solaris enables clients to navigate the standard’s intricacies, adapt their accounting processes, and maintain compliance. This expertise not only mitigates financial reporting risks but also enhances the transparency and reliability of financial statements, building stakeholder confidence in the company's financial integrity. Whether businesses are implementing ASC 606 or IFRS 15 for the first time or introducing a new revenue stream, Solaris provides essential guidance every step of the way.

As part of our technical accounting services, Solaris partners with organizations to help them navigate the complexities of ASC 842 and IFRS 16. We assist in identifying lease agreements, assessing lease classification, and accurately calculating right-of-use assets and lease liabilities. Our team offers specialized support to streamline the transition process and maintain compliance by implementing efficient processes for lease data collection, assessment, and reporting.

Through our comprehensive approach, Solaris simplifies the application of ASC 842 and IFRS 16, allowing companies to accurately reflect lease obligations on the balance sheet. This expertise not only ensures compliance with these standard but also improves transparency and accuracy in financial reporting, providing stakeholders with a clearer view of a company's financial health

Solaris delivers in-depth expertise in navigating stock-based compensation under ASC 718. Our advisors guide clients through the accounting requirements, valuation, and disclosure processes for equity-based awards, including stock options, restricted stock units (RSUs), and performance-based awards.

Leveraging our valuation services and transaction consulting experience, Solaris ensures that financial statements reflect accurate, supportable values. By partnering with Solaris, companies can streamline their processes, manage the volatility associated with stock-based compensation, and ensure transparent and accurate financial reporting that enhances stakeholder confidence.

With deep expertise in inventory and cost accounting standards, Solaris helps organizations interpret and apply complex guidance related to valuation, costing methodologies, and inventory classification. Our team provides tailored support in identifying the appropriate cost flows, assessing capitalization vs. expense decisions, and evaluating the impact of inventory management practices on financial reporting. 

Through hands-on support and detailed analysis, Solaris assists clients in navigating requirements under ASC 330 and related guidance, ensuring accurate cost allocation, compliant valuation, and clear documentation of accounting policies. This technical rigor reduces financial reporting risk, enhances the reliability of gross margin results, and strengthens the transparency of a company’s operational performance. Whether businesses are implementing new costing methodologies, addressing inventory impairments, or optimizing existing processes, Solaris offers experienced support throughout every phase. 

Solaris is highly skilled in the specialized field of consolidation accounting, where accurate financial representation of complex organizational structures is essential. Leveraging extensive expertise, Solaris supports its clients in consolidating financial statements across multiple subsidiaries, joint ventures, and variable interest entities (VIEs), ensuring that intercompany transactions are correctly eliminated, and minority interests are accurately reported.

Our team provides a comprehensive approach to compliance with ASC 810, advising on ownership structures, control assessment, and the correct application of consolidation methods. With Solaris’s support, organizations can streamline their consolidation process, ensure compliance with regulatory requirements, and enhance the clarity and reliability of consolidated financial statements. This expertise enables companies to present a cohesive financial picture to stakeholders, which is crucial for transparency, decision-making, and regulatory reporting.

Solaris provides specialized guidance in accounting for debt and equity instruments, including convertible debt, preferred stock, warrants, and hybrid instruments. With a thorough understanding of ASC 480 and related standards, Solaris ensures appropriate classification, measurement, and disclosure.

By partnering with Solaris, organizations can confidently structure their financial instruments and manage their reporting obligations. This expertise not only supports compliance but also fosters transparency, enhancing stakeholder confidence in the organization’s financial health and strategic financial planning.

Solaris provides end-to-end support for financial statement preparation, ensuring accurate, compliant, and insightful financial reports. With a thorough understanding of GAAP and IFRS, Solaris guides businesses through complex areas like revenue recognition, lease accounting, and stock-based compensation, ensuring each line item is meticulously prepared and documented.

Through our hands-on support, Solaris enhances the clarity and quality of financial disclosures, allowing organizations to communicate effectively with investors, regulators, and stakeholders. By collaborating with Solaris, companies can streamline the financial statement preparation process, minimize errors, and ensure timely, transparent reporting that supports sound decision-making and regulatory compliance.

Solaris is a trusted partner in navigating accounting revisions and changes, providing expertise to help its clients adjust to evolving standards, policies, or corrections with minimal disruption. Our team supports clients in identifying the need for revisions, assessing the implications on prior period financial statements, and implementing necessary adjustments in compliance with ASC 250. Solaris ensures each change, whether due to an accounting principle update, error correction, or reclassification, is accurately reflected, thoroughly documented, and clearly disclosed.

By working closely with Solaris, organizations can ensure a smooth transition during periods of accounting change, uphold transparency, and reinforce stakeholder trust in financial reporting. Combined with our risk management consulting and ESG governance perspectives, Solaris ensures that your organization remains resilient, adaptive, and compliant in an evolving financial landscape.