Zombie SPACs and Blood Baths

By John Kahn, Partner, CFGI You may have heard about the massive spike in popularity of SPACs, but have you heard about Zombie SPACs and Blood Baths? Writing this in Atlanta, Georgia, home of “The Walking Dead” TV show, makes it easier to appreciate that a “Zombie SPAC” is a SPAC without enough life left.

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5 Steps to Assess and Address the SEC’s Statement on SPAC Warrants

On April 12, 2021, the SEC issued a statement on the accounting for certain warrants issued by special purpose acquisition (SPAC) companies.

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Get to Know Diana Cordeiro, CFGI’s Technical Accounting and Banking Wiz

At CFGI, we pride ourselves on our Big Four background.

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Don’t Forget These Key Steps With Your Year-End Audit: A 2020 Checklist

Are you prepared for your year-end audit? There’s a lot of ground to cover, especially with the additional considerations and responsibilities brought on by the COVID-19 crisis.

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The Future Is Already Here, and CFOs Need to Transform Finance to Survive

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Whitepaper: The clock is ticking – How to jumpstart your lease accounting implementation project

If you run a business, you lease equipment or real estate.

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Whitepaper: Revenue Recognition – How an accounting standard can impact your deal

The new accounting standard for revenue recognition (ASC 606), which goes into effect early next year for privately held companies is just an accounting change, right? Not at all.

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Whitepaper: CECL Roadmap – Where are we going and how will we get there?

While there is no magic formula for transitioning a company from “fact finding” to the “CECL sanctioned” state, we have outlined an adoption roadmap that can be tailored for the idiosyncrasies inherent in every business.

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Planning for changes to the Financial Instrument Accounting (ASU 2016-01)

On January 5, 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, to address certain aspects of recognition, measurement, presentation and disclosure of financial instruments that are marked to fair value and reported as available-for-sale (“AFS”).

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