Dean T. Carson II, C.P.A. |
Full Range CPA & Consulting Services in NY, CT, MA & TX, Select Services in other States by Inquiry / Fluent in Spanish
ph: 917-300-5190
alt: 917-231-7855
dean
We have experience with Private Equity from supporting work on Accounting, Financials, Tax support Analysis, Cash Flows, Financial Discovery and Financial Modeling support from Analytical work with a Private Equity Recapitalization effort and then a seperate International Private Equity M&A concern.
More to follow as time permits...
Our experience draws on the strength of 16+ years Hands on ownership of Financials primarily in Financial Services where we grew great insight from working with Insurance, Investment Management, Investment and Commercials Banks, Broker-Dealers, Private Equity and Research businesses. The greatest experience of which was the opportunity to work with Portfolio Managers and Quantitative Analysts from supporting them through Accounting Services. Delivering Financials, Accounting, Management Reporting, Specialized Analysis and more. The Portfolio Management and Quantitative Exposure was core because it opened our eyes to the importance of CFA training in the Market Place (the value of which is far more than Financial Analysis).
An equally great experience was to work with teams of CPAs, In House Council, Clients (Investment Management Clients come from ALL across the Economy), Vendors (Information, Research, Technology, Market Data. Compliance, Custodians, Advisors, Administrators), Regulators (who we engaged as Business Partners to learn from with the Goal of better supporting Compliance), and others.
Through a market driven and self chosen path of Lean Entrepreneurial yet Corporate Consulting to Entities of ALL sizes Bulge Bracket, Boutique, and medium through a healthy mix of Permanent and Consulting roles I have had the opportunity to see Financial Services Businesses from ALL manners of challenges in operations from the Good, to the Bad and the Ugly but in ALL cases we worked to move the base of Accounting, Taxes, Management and Regulatory Reporting to the base of sound compliance, to support Transparency and strong Controls.
There is a logic that is Central to success with Accounting, Financials, Taxes, Reporting and related work flows. That logic is to use the bedrock of compliance and conservative GAAP with Controls and strong financial reporting that fully works with Accruals for expediant timely closes and timely, relevant financial reporting delivered with efficiency and effectiveness for Management Decision Making. No matter what line of Business you are in if you gravitate to the Center of the Circle and maintain the line of Regulatory Sound Compliance you are strengthening your Standards to meet the best standards for success.
In example that we really appreciate from a compliance perspective (this is not the precise qoute but a paraphrase and we will update to exacts but in summary here it is for now):
CFA Standards © direct that individuals approaching New Markets where Standards are less stringent then their home market should adhere to the higher set of standards, or vice versa (as applicable if the new market has higher standards go to those higher standards - in either direction to ramp up compliance).
This is a strong model for approaching compliance and we draw a common ground in that focusing in from the realm of Investment Management which is more of a regulated area then Private Equity, Hedge Funds or Alternative Investments, our goal is generally to work with the framework of Strong Controls that ratchet up the bar for Accounting, Taxes and Reporting. We want to help Clients be better at Accounting and while the CFA Standards © above bear reference to the Investment end of operations, they have consistent application for Accounting, Financials, Tax and Analytical needs and nicely compliment AICPA Professional Standards © that are at the core of CPA workflows.
It is my own philosphy that applying the stronger standards from Investment Management compliance, strengthens Private Equity, Hedge Fund and Alternative Asset Accounting such that it should be a preferred objective to approach the standards of GAAP even if not fully mandated. Similarly to consider on periodic valuations to strengthen the manner of valuing investments as now covered in FASB ASC 820 Fair Market Value but still improving.
One area that is open for improvement in new GAAP is on M&A Private Equity Valuations for Push Down Accounting which still was cross relying to old GAAP technical manuals for FASB 141R indicating that we need to do some work on the documentation and technical guides end as an Industry. The "push down" Accounting issue is really a cross over from SEC Corporate Finance where the Aquiring Company pushes down to the Acquired company their acquisition valuation post valuation which is of key importance when dealing with valuations for Business Consolidations for M&A work in Private Equity (otherwise each time you consolidate you have to reconcile the differently accounted for Acquisitions).
We believe in using the framework of conservative GAAP as a reference point for ALL things where through GAAP both Regulatory and Tax needs are already included there is the ability to bring standardization and a more rigerous groundwork for financials. The process of Fair Valuation introduces complexity, but that is where the work of specialists can help and with time we will pursue to take down the AICPA ABV speciailization as part of what we do. But for now the tools of knowledge, experience, teamwork and research provide ample foundation for needs in the direction. We can work with Attorney's and other CPA's in a cross functional teamwork manner to cover your needs and there is also the opportunity to add value on Due Diligence, Discovery, Anaysis, Financial Analysis and more.
I believe that the breadth and diversity of Our Accouting and Analytical skills that have the relevant cross framework of Investment Management, Broker-Dealers, Research, Investment and Commercial Banking and Insurance is about a broad skills set as we evolve pursuing the Investment Analyst training (on CFA Path) and as we have grown strong Paralegal support skills for Compliance in compliment to the core Accounting and Financial skills, with expertise on Taxes as guided by needs and able to broadly connect through Financial skills to needs for Due Diligence, Greater Industry Understanding or what other compliance needs exist.
Our work is about supporting Financial Decision Makers and if your needs is to have Financial skills on board we can use the skills to help on Diligence or to use the Framework of Accounting, Compliance and Analysis to help you better understand new operational areas and ask good questions for evaluations. We can be part of your strategic team on fact finding on Business.
Our Experience on the path of Fortune 500 Audit through CFO/Controlling and now with considerable time and effort invested in the Launch of Our Practice has grown substantially in Service abilities driven by Research that focuses on Financial Decision Making in the Economy from End to End as driven by technology and as connecting the lines of Government, Industry, Non Profit and Individual Financial Decision Making. The growth in knowledge makes us a strong solution set for wide ranging needs where Accounting, Tax, Compliance, Financials, Economics, Statistics and other insight can help on services and this is where we seek to assist on CFO support services for your decision making needs.
Contact Us or e-mail info@dcarsoncpa.com
More to follow soon. Private Equity Firms Structure as General and Limited Partnerships for operations. The Structure of the Firms facilitates the unique nature of Private Equity Investments. The Industry Standard Fees are 2/20 with a 2% Management Fee and a 20% carried interest fee. The Unique natures of the Investments allow for the distribution of K-1 Partnership Statements which are the pathway to Capital Gains treatment for Taxes. Generally speaking owners draw Equity and not salaries and tie their Financial Success to the Risk and Success of the Funds.
We make Financial Decision Making Research a central part of Our Business support services to use the Broad Knowledge from the Economy across Industries, Markets, Products and Sectors in a Top Down and Bottom Up look to the needs on Financials working with Financial Accounting, Financial Analyst, Government, Policy, Industry and Legal Research expertise that can port to any Industry, Non Profit, Government, and Individual / Family Financial Decision Making through an automated platform of Lean Research that works with and not around technology.
Private Equity is at work across the Economy and we work in the same way with the knowledge built from Investment Management skills in close support to Financial Decision Making and with our own line of insight that the Decision Making may be Strategic and/or Operational in nature, but it is always based on Financials so Our skills are central to your needs on Financials, Due Diligence, Discovery, Valuation and much more. We are here to assist - as you follow the lines of Our resources it should become readily apparent that we work with strong lines of knowledge support for the Local, Multi-State, National and International Financial Decision Making needs. Our model is designed with lean efficiency to port to the needs of Leading Decision Makers across Sectors and at every station of a role on Financial Decision Making. We add knowledge, experience, teamwork and research as a comprehensive business strategy to cover the diversified needs on Financial Decision Making.
To connect on support Services Contact Us or Fast Track and e-mail info@dcarsoncpa.com .
hedge Funds are a manner of Investment Vehicle and we are here to assist on related Accounting, Financials and Taxes.
Hedge Funds are open to various classes of investments and we are building this section out. Cross Reference to our link out in the side bar for more on Hedge Funds to learn more
DCarsonCPA PEVC FIN an update line on PE /VC research connecting with some of the important points on the lines on the Economics and Financials of the PE/VC, Valuation, Alternative Assets and more. As a small element of the lines of Financial Decision Making Research we deploy in support of Client needs on Services and the points where Financial skills can help in support of growth in the Economy.
We connect the complete line of Macro and Micro Financials Government, Policy, Laws and Industry as a comprehensive view line from which to better support the various needs on Accounting, Financials, Taxes, Private Company Audits, Compliance, Advisory, PM/BA/SME workflows and the many points where Financial skills can help.
To connect on services Contact Us or fast track and e-mail info@dcarsoncpa.com .
DCarsonCPA Commodities FIN on the lines of Commodities, Derivatives, Hedges and Financials. Also x/ref to Agriculture, Energy and Our overall LOBs. Derivatives come in Three primary classes Financial, Agriculture, and Energy. From our point of view considering the Forex F(x) is really a financial derivative and that Forwards, Swaps and Futures are subsets in the three classes mentioned. That is of course an over simplification but as you follow our knowledge lines it should be sufficient to let you know we can help on the needs.
To connect on support Services Contact Us or Fast Track and e-mail info@dcarsoncpa.com .
Private Equity and Other Financials:
FASB ASC - Broad Transactions - Topic 820 - Fair Value Measurement (and other relvant areas in Accounting as needed and driven by Facts).
Company Financials
GP / LP
Committed Capital
Fund Vintages
Fair Value
2 /20 Fees
J Curves
Capital Gains
Employment Income
Valuations of Private Company Investments
M&A (Old FASB 141r for referential guidance on Combinations)
M&A Push Down Accounting (Parent & Subsidiary Accounting from SEC Rules)
Resource Links:
http://privateequityinternational.com/
NAVCA Portfolio Company Valuation Guidelines:
http://www.nvca.org/index.php?option=com_content&view=article&id=109&Itemid=138
Older PEIGG (2007) guideliness incorporated in NAVCA PCVG above (but dated)
http://www.peigg.org/valuations.html
International Private Equity Valuation (IPEV):
http://www.privateequityvaluation.com/ipev-association/mission/index.html
Hedge Funds:
http://www.hedgefundfundamentals.com/
BVCA:
The British Private Equity and Venture Capital Association.
To connect on services Contact Us or fast track and e-mailinfo@dcarsoncpa.com .
Copyright © 2010 - 2022 Dean T. Carson II, C.P.A.. All rights reserved.
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Full Range CPA & Consulting Services in NY, CT, MA & TX, Select Services in other States by Inquiry / Fluent in Spanish
ph: 917-300-5190
alt: 917-231-7855
dean