Private equity-owned Software Company specializing in development, testing, API and monitoring software tools
- Step 1 Goodwill impairment testing for four reporting units for compliance with ASC 350.
- Step 2 Goodwill Impairment testing for one reporting unit for compliance with ASC 350.
- Purchase Price Allocations for two acquisitions for financial reporting purposes related to ASC 805. The intangible assets included trademarks/trade names, technology, customer relationships, non-compete agreements and deferred revenue. The valuations also included valuing contingent consideration as a component of the purchase price.
- Testing for Impairment or Disposal of Long-Lived Assets under ASC Topic 360-10.
- Annual valuations of equity units for compliance with ASC 718.
Reviewed by RSM