Accounting Support to a Leading SEC Registrant with a Global Delivery Model
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Case Study
Accounting Support to a Leading SEC Registrant with a Global Delivery Model
A domestic SEC registrant listed on the NYSE as a large-accelerated filer. It designs, manufactures, sells, and installs energy systems for on-site power generation.
The business situation
The organization needed resources with appropriate skill sets, especially in accounting and SOX (Sarbanes-Oxley Act) compliance, to solve complex accounting of revenue contracts and their consolidation. The cost of existing third-party consultants was very high given that the work was done 100% onsite. The client sought a partner with a deep knowledge of the power and utilities industry and US GAAP, which could deploy an integrated global delivery model.
Our team’s role
Revenue Accounting Support
Our team’s role
Revenue Accounting Support
We provided support to the revenue accounting team for POC computation and reimbursable revenue tracking on a quarterly/monthly basis, monthly revenue POC support, and revenue 606 analysis. We deployed staff to the internal audit team to test the operating effectiveness of controls.
Accounting Advisory Services
We provided accounting advisory services for revenue recognition accounting/Variable Interest Entity (VIE) analysis.
Global Resource Collaboration
All the above support was provided through an optimal combination of onsite & India-based offshore resources in consultation with the client.
The value our team added
- India-based resources delivered a meaningful part of the project, which was managed from the US by a team with very strong domain skills and experience. These collaborative efforts resulted not only in a cost-effective solution for the client but the project could also be delivered within stringent timelines leveraging the large pool of trained and experienced resources in India.
Simplifying Complex Accounting
Partner with Us for Seamless SEC Compliance
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