US GAAP
US GAAP Financial-Statement Preparation
Technical drafting and consolidation support for private companies and groups that need a complete management statement set prepared for scrutiny.
Private-company reporting
Build the statement set around the applicable US GAAP decisions.
The engagement begins with approved balances and management positions, then makes presentation, disclosure and unresolved issues visible.
- 01A private company needs complete statements and notes from an approved trial balance.
- 02Accounting policies, estimates and disclosure support need to be refreshed.
- 03A multi-entity group needs eliminations, foreign currency and noncontrolling interests presented coherently.
- 04Acquisition, disposal, restatement or conversion work requires a controlled technical scope.
Framework-aware drafting
Presentation does not resolve recognition and measurement.
Revenue, leases, credit losses, business combinations, goodwill, impairment, income taxes, stock compensation, contingencies and variable-interest entities may materially change scope. Management-approved conclusions and suitable evidence are required before related disclosures can be finalised.
The output can include primary statements, cash flows, accounting policies, notes, comparative information, tie-out, cross-casting and a visible issues register. Public-company, SEC, regulated or specialist reporting is accepted only under a separately confirmed scope.
Illustrative consolidated set
See the drafting standard before the engagement.
The fictional Northstar example demonstrates a 21-page US GAAP consolidated statement set covering foreign-currency translation, noncontrolling interests, eliminations and detailed notes.
Fictional and unaudited
All entities, balances, transactions and events in the example are fictional. It demonstrates drafting and presentation capability only.
Engagement boundary
Responsibility does not move with the drafting work.
Management remains responsible for the accounting records, completeness, policies, estimates, judgements, going concern and final approval. Executive Compass does not provide audit, review, assurance, tax, legal, valuation or filing services within the drafting engagement.
Scope the actual reporting problem
Confirm the company structure, evidence, technical areas and reviewer expectations.
The initial review determines whether the information is ready for fixed-fee US GAAP drafting.