Financial Reporting

Select Engagements
  • ASC 350 / ASC 805
    Valuation Client

  • ASC 350 / ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 350
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 820
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 820
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 820
    Valuation Client

  • ASC 350
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

Ask the expert
Contact Steve Nelson for more information on Financial Reporting
Some of the rules regarding a purchase price allocation have changed and some have actually become simpler. Mark Gehrig explains the basics of this important compliance requirement.
Feature Body: 

Chartwell offers a comprehensive suite of financial reporting services in compliance with current accounting and valuation standards.  Clients trust our analyses to be sophisticated, well-documented, and to withstand the scrutiny of auditors and regulatory agencies.  For this reason, much of Chartwell’s financial reporting work is for repeat clients, including publicly traded companies, private equity firms, and venture capital investors.

Chartwell’s financial reporting capabilities include:

  • Purchase Price Allocation: ASC 805 (“Accounting Standards Codification”) requires that the acquisition price of a business interest or assets be allocated among the tangible and intangible assets acquired, according to their respective fair values. 
  • Goodwill Impairment Testing: ASC 350 requires companies to determine on an annual basis, when amortization is not elected, whether the fair value of their goodwill is supportive of the carrying value. 
  • Fair Value Determination: ASC 820 provides guidance for measuring and reporting the fair value of an investment.  

Ability - FR

ASC 350 / ASC 805
Valuation Client

ABRA - FR

ASC 350 / ASC 805
Valuation Client

Durex - FR

ASC 350
Valuation Client

LAI - FR

ASC 805
Valuation Client

LDI - FR

ASC 805
Valuation Client

RTS - FR

ASC 820
Valuation Client

RTI - FR

ASC 805
Valuation Client

WEG - FR

ASC 805
Valuation Client

Service Category: 

Steve Nelson, ASA

Steve Nelson, ASA
Managing Director

PRESENT POSITION

Steve leads Chartwell’s Valuation and Transaction Opinions practice.  He has provided financial advisory services to privately held companies for over 25 years and is an expert on valuation issues related to Employee Stock Ownership Plans.  He also advises clients on a wide variety of corporate finance, valuation, tax, and fairness issues, mergers & acquisitions, divestitures, and general corporate related purposes.  Steve has performed valuations as a court-appointed appraiser and provided expert witness testimony. His opinions have consistently withstood scrutiny by the Internal Revenue Service and the Department of Labor.

 

MEMBERSHIPS & DESIGNATIONS

Steve is an active member of both The ESOP Association and the National Center for Employee Ownership, as well as a member of the Valuation Advisory Committee of The ESOP Association.  He has written articles and made various presentations on valuation and ownership transition for a variety of professional groups and boards of directors.  Steve is designated as an Accredited Senior Appraiser in Business Valuation by the American Society of Appraisers, and is a past President of the Twin Cities Chapter of the ASA.   He is a registered representative with Chartwell affiliate, CCS Transactions, LLC and holds FINRA Series 63 and 79 licenses.

 

PRIOR EXPERIENCE & EDUCATION

Prior to joining Chartwell in 2002, Steve was part of the valuation services group at Hawthorne Financial Advisors.

 

Steve holds a Bachelor of Arts degree in finance from the University of St. Thomas.

Siderail Text: 
Some of the rules regarding a purchase price allocation have changed and some have actually become simpler. Mark Gehrig explains <a href="http://www.chartwellfa.com/ppa-overview"> the basics of this important compliance requirement.</a>