Financial Advisory Services

Financial Due Diligence

Our Finance and Accounting Advisors have years of industry experience performing financial due diligence. We employ industry specific knowledge of the "best practices" and techniques available for financial due diligence investigations, ensuring:

  • Thorough review of the target company's financial statements, operating procedures, accounting records, key financial ratios, tax records, and any filings with relevant governmental agencies;
  • Identification of questionable practices, such as early recognition of revenue, recording revenues that are not genuine or are reversible, increasing income with a one- time gain, shifting expenses to a later period, shifting income to a later period, and failing to record and disclose all liabilities;
  • Investigation of questionable transactions such as complex business arrangements that are not well understood or financial results that appear to be "too good to be true"; and
  • The assessment of overall financial health of the target company and its future financial prospects.
  • Enhancement of the buyer's understanding of the target business and therefore increasing the likelihood of the deal achieving its objectives.
  • Identification and understanding of critical success factors so that informed acqui

Financial Due Diligence

Our Finance and Accounting Advisors have years of industry experience performing financial due diligence. We employ industry specific knowledge of the "best practices" and techniques available for financial due diligence investigations, ensuring:

  • Thorough review of the target company's financial statements, operating procedures, accounting records, key financial ratios, tax records, and any filings with relevant governmental agencies;
  • Identification of questionable practices, such as early recognition of revenue, recording revenues that are not genuine or are reversible, increasing income with a one- time gain, shifting expenses to a later period, shifting income to a later period, and failing to record and disclose all liabilities;
  • Investigation of questionable transactions such as complex business arrangements that are not well understood or financial results that appear to be "too good to be true"; and
  • The assessment of overall financial health of the target company and its future financial prospects.
  • Enhancement of the buyer's understanding of the target business and therefore increasing the likelihood of the deal achieving its objectives.
  • Identification and understanding of critical success factors so that informed acquisition decisions can be made.
  • Greater certainty over the nature of the business and the characteristics of its cash flow. This helps pricing decisions and the level of gearing the structure will support.
  • Greater control over the sale process and the timing of sale, this can help secure a higher price for the business.
  • Reduction of disruption to the business as the sale process is more controlled.
  • Retention of pace and initiative throughout the sale process.

Financial System Implementation

Changes in financial systems can provide much-needed order and focus, or create organizational chaos. Implementing a new financial system can greatly improve a company's financing, making revenue recognition, financial budgeting, and financial reporting easier. However, before deciding on what financial software to implement, there are many things to consider. Overall, the procedure largely revolves around determining the functionality of the current system and comparing it to the business specific needs. Work with our teams to select the best system for you and your department.

  • Our Advisors and business technology experts can assist your organization with the following:
  • Requirements definition in software selection process.
  • Functional lead in implementation of financial systems or product upgrades.
  • Serve as liaison between IT and Finance/Accounting functions.
  • Chart of accounts design and mapping
  • Writing and execution of test scripts
  • Financial report design using system or bolt-on reporting tools
  • Identification and implementation of "quick hit" process automation
  • Post-implementation troubleshooting and reconciliation
  • Backfill of financial functional roles for client staff assigned to project teams

Audit Preparation

In our years of advisory experience, we have found that too many companies suffer through unnecessarily difficult audits. Often the results are additional billings from your audit firm, and hours lost internally as your staff struggles to provide information the auditors are seeking.

At PAMC, we've found that with effective audit preparation and planning provided by accountants with experience in the audit process, audit engagements can proceed smoothly and painlessly.

We provide three levels of audit preparation service.

Evaluation

Our firm will provide a high level evaluation of your readiness for an audit. We review your records for consistency and accuracy.

Implementation

Our firm has no independence requirement for these services; hence, we can also help implement the suggestions we make. From cleaning up your accounts receivable aging to helping you with the accounting for more complex transactions, our implementation services provide you with records that your auditors will appreciate.

Consultation

Our firm can counsel you on the background and theory surrounding complex accounting transactions, and provide you with authoritative literature to support the accounting treatment so that you can assure your auditors that you are properly informed to present accurate financial statements.

Financial Planning & Analysis

Our Advisors understand that effective planning and analysis functions are critical to an accurate understanding of a company's past performance and current situation. FP&A is the tool that enables management to navigate effectively to the organizations vision, mission and goals.

Due to budget constraints, most finance departments often don't have adequate staff to do the necessary FP&A. But performing FP&A on a project basis, rather than via a staff position, can eliminate the budget constraints, reduce cost, and allow your organization to proceed on highest priority needs without delay.

Our Advisors and Consultants have expertise in:
  • Annual budget preparation
  • Business and Strategic Plan Projections
  • Quarterly re-forecasting
  • Sales and profitability analysis by customer, product line, etc.
  • Cost analysis by cost center, product line, etc.
  • Cost estimation
  • Marketing and Advertising ROI evaluation
  • Benchmarking
  • R&D budgeting
  • Forecasting model creation
  • Pricing analysis
  • Preparation of Annual Operating Plans and 5-Year Plans
  • Capital Expenditure analysis and planning