Technical Accounting

With companies and their management facing increasing and ever changing domestic and international accounting guidance, resources are often stretched too thin and companies are left struggling to maintain or catch up.

Many, if not most, companies lack the internal resources and breadth of knowledge necessary to manage, maximize the value, and minimize the effect of corporate finances in areas like complex capital transactions, embedded derivatives, variable interest entities evaluations, revenue recognition, business combinations and disposals, stock-based compensation, convertible debt, lease accounting and convertible debt.

AC Lordi works with companies that may be experiencing a short or long term lack of in-house expertise with highly technical accounting issues as well as time constraints preventing them from effectively managing projects and accomplishing critical financial goals. Our Technical Accounting team can provide independent review on your positions, and with an outstanding industry reputation, we can work with you to orchestrate a smooth path when engaging an outside audit firm.

Some of the key issues we consistently address include:

  • Analysis and transition between U.S. GAAP and IFRS reporting
  • Business acquisitions and disposals
  • Complex capital transactions including embedded derivatives
  • Complex debt and equity transactions with conversion features or warrants
  • Debt restructurings and modifications
  • Derivatives and hedging
  • Foreign currency translations
  • Impairment testing analysis and documentation
  • Leases
  • Pro forma financial statements prepared in accordance with Article 11
  • Revenue recognition
  • Stock-based compensation expense related issues
  • Variable Interest Entity (VIE) analysis

Our Technical Accounting team has a full complement of seasoned accounting consultants with broad experience in U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). We can provide supporting whitepapers, address complex accounting issues, and have the ability and comfort to interface with your auditors and executive management. Our professionals are constantly reviewing new pronouncements and proactively addressing any implementation issues or concerns with clients.  We also provide CPE qualified training seminars that are specifically tailored to clients’ needs.

Meet Our Experts

Rob Bright, CPA, CFE

Principal, Accounting Services

Rob has more than 20 years of accounting and audit experience including expertise with GAAP, SEC reporting and due diligence. A former manager with Deloitte & Touche, Rob has worked with clients spanning a broad spectrum of industries, including manufacturing, wholesalers and distribution, software development, trucking and transportation, oil and gas, leasing companies, property and casualty insurers, employee benefit plans, non-profit organizations and service companies. He holds a B.S. in Accounting from Pennsylvania State University, and serves on the Board of Directors of the Southeast Pennsylvania Area Health Education Center.

Phone: 610-455-2066

Rob Fenton, MS

Principal, Accounting Services

Rob has 25 years of experience in manufacturing accounting, acquisitions, divestitures, public offerings, corporate finance and financial planning. He supports clients with his expertise in SEC reporting, budgeting and forecasting, complex accounting issues, due diligence, and transition support for acquisition and merger integration issues. He has served as the Corporate Controller for a $12 billion agricultural and construction equipment manufacturer as well as the world’s largest building materials company. Rob holds both a B.S. and an M.S. in Economics from Pennsylvania State University.

Phone: 610-455-2076

Lisa Hilburn, CPA

Principal, Accounting Services

Lisa has provided audit and business advisory services for private, start-up companies and Fortune 100 multinational corporations with industry experience that includes manufacturing, healthcare, pharmaceutical, and not-for-profit companies. She has held key accounting roles for clients, including Consolidation Manager, Director of Accounting & Finance, and Assistant Controller. She also has seven years of Big 4 experience as an Audit Manager for Price Waterhouse. Lisa holds a B.A. in Business Administration from Gettysburg College.

Phone: 610-455-2078