Accounting Advisory for Energy

Powering operational excellence in finance and accounting

The oil, gas and clean energy industries face unique finance, accounting and technology challenges. In a space where change is the only constant, energy companies must begin adopting innovative finance and accounting services that can increase revenues and reduce costs.

CFGI’s highly flexible and responsive finance, accounting and business-consulting solutions are ideally suited to the ever-fluctuating needs of energy companies. Regardless of where you are in the business life cycle and the size of your organization, our cross-functional experts can help you solve your most complex finance, accounting and operational IT challenges. 

How we help

Our accounts, consultants, technologists and specialists work closely and flexibly with energy companies on functions as basic as a simple corporate tax solution or as complex as strategic finance transformation.

Some of the key ways we assist organizations in the energy sector include:

Finance and accounting consulting

From lending expertise in IFRS 9 and 16, CECL (2016-13) and ASC 842, to revenue recognition (ASC 606), to transactional accounting for newly acquired businesses and more, our technical accounting specialists and finance consultants do it all.

Internal audit

CFGI performs thorough internal audits of operational-finance functions such as procure to pay, order to cash, record to report and more. Our experts work closely with your internal stakeholders to assess the operating model, including policies and controls. We can then provide management with a report highlighting our findings and recommendations for improvement and work with them to develop a roadmap for resolving report findings.

Digital transformation

We help drive finance transformation using robotic process automation, cognitive automation, AI and other innovative technologies that help reduce operational cost and complexity, and fuel long-term strategic growth for energy companies. Our experts provide guidance and oversight every step of the way — from discovery to the development of the Center of Excellence through stabilization.

Interim management and staffing

We deploy CFO services and interim management staff immediately and with a relatively short ramp-up period. The personnel resources we deliver include but aren’t limited to CFOs, interim accounting managers, SEC reporting directors, controllers and revenue recognition managers. Our interim managers can partner with your organization for short-term functions, for long-term finance-transformation initiatives and everything in between.  

IPO readiness

Going public is a crucial phase of an innovative energy company’s development. Our experts are ready to assist every step of the way, starting with pre-submission preparations and carrying all the way over into post-submission assistance such as aftermarket trading support.

More

We also assist with asset valuations, buy/sell due diligence, corporate-tax solutions, risk advisory and much more.

Why CFGI?

We understand the ins and outs of the energy market sector, and we know the pressure and disruption that businesses in this space are up against. More importantly, we possess the finance and accounting expertise, business savvy and technical proficiency necessary to help energy companies overcome those challenges.