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At Solaris, we provide access to top-tier technical accounting expertise and a team of highly experienced advisors with the business acumen to promptly tackle intricate accounting and finance challenges.
Our consultants excel in swiftly resolving complex accounting and finance issues, offering practical solutions for your most urgent accounting needs. We stay current with the latest accounting standards and proactively evaluate the accounting for unique transactions – allowing youand your teams to focus on day-to-day operations.
Solaris brings a wealth of expertise in guiding its clients through the complexities of ASC 606 / IFRS 15, the revenue recognition standard that has reshaped financial reporting. With a deep understanding of ASC 606's principles, Solaris assists organizations in interpreting and applying its 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 its 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 for the first time or optimizing ongoing compliance, Solaris provides essential guidance every step of the way.
Solaris is a trusted partner in helping its clients navigate the complexities of ASC 842 / IFRS 16, the leasing standard that requires new approaches to lease recognition on financial statements. With extensive expertise in ASC 842's requirements, Solaris assists organizations 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, allowing companies to accurately reflect lease obligations on the balance sheet. This expertise not only ensures compliance with the standard but also improves transparency and accuracy in financial reporting, providing stakeholders with a clearer view of a company's financial health.
Solaris offers in-depth expertise in navigating stock-based compensation, a complex area of accounting that impacts financial statements, tax reporting, and employee incentives. With a thorough understanding of the intricacies involved in stock-based compensation, Solaris guides its clients through the accounting requirements, valuation, and disclosure processes for equity-based awards, including stock options, restricted stock units (RSUs), and performance-based awards.
Our team provides tailored support in areas such as fair value determination, expense recognition, and compliance with ASC 718, helping businesses accurately account for these awards in a way that aligns with their financial objectives and regulatory requirements. 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.
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 offers specialized expertise in audit readiness and support, preparing businesses to meet audit requirements with confidence and precision. Our team assists its clients in establishing strong internal controls, ensuring documentation completeness, and aligning financial reporting with the latest accounting standards. With a proactive approach, Solaris helps identify potential audit risks, correct inaccuracies, and compile comprehensive audit packages to streamline the audit process.
During audits, Solaris provides hands-on support by liaising with auditors, addressing inquiries, and offering explanations for complex accounting treatments, which eases the audit burden on internal teams. This support not only enhances audit efficiency but also minimizes the risk of findings or adjustments, giving stakeholders assurance in the integrity of financial statements and supporting compliance efforts.
Solaris brings deep expertise to the complex accounting of debt and equity instruments, helping its clients navigate the intricate requirements of financial reporting and compliance. Our team provides tailored guidance on the classification, measurement, and disclosure of various financial instruments, from convertible debt and preferred stock to warrants and complex equity arrangements. With a solid grasp of ASC 480 and related standards, Solaris ensures that these instruments are accurately categorized and valued, reflecting the financial realities of each arrangement.
By partnering with Solaris, organizations can confidently structure their financial instruments and manage their reporting obligations, ensuring that debt and equity transactions are reflected accurately in financial statements. This expertise not only supports compliance but also fosters transparency, enhancing stakeholder confidence in the organization’s financial health and strategic financial planning.
Solaris offers comprehensive expertise in financial statement preparation, ensuring its clients present accurate, compliant, and insightful financial reports. Our team assists in crafting complete financial statements, from the balance sheet and income statement to cash flow and equity statements, tailored to reflect each company’s financial position accurately. 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 accounting standards such as 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. This support minimizes the impact of adjustments on financial performance metrics and keeps companies aligned with regulatory expectations, fostering resilience and adaptability in a dynamic financial landscape.
