Financial Reporting

Select Engagements
  • ASC 350 / ASC 805
    Valuation Client

  • ASC 350 / ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 350
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 820
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 820
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 820
    Valuation Client

  • ASC 350
    Valuation Client

  • ASC 805
    Valuation Client

  • ASC 805
    Valuation Client

Ask the expert
Contact Mark Gehrig for more information on Financial Reporting
Some of the rules regarding a purchase price allocation have changed and some have actually become simpler. Mark Gehrig explains the basics of this important compliance requirement.

Chartwell offers a comprehensive suite of financial reporting services in compliance with current accounting and valuation standards.  Clients trust our analyses to be sophisticated, well-documented, and to withstand the scrutiny of auditors and regulatory agencies.  For this reason, much of Chartwell’s financial reporting work is for repeat clients, including publicly traded companies, private equity firms, and venture capital investors.

Chartwell’s financial reporting capabilities include:

  • Purchase Price Allocation: ASC 805 (“Accounting Standards Codification”) requires that the acquisition price of a business interest or assets be allocated among the tangible and intangible assets acquired, according to their respective fair values. 
  • Goodwill Impairment Testing: ASC 350 requires companies to determine on an annual basis, when amortization is not elected, whether the fair value of their goodwill is supportive of the carrying value. 
  • Fair Value Determination: ASC 820 provides guidance for measuring and reporting the fair value of an investment.  

Ability - FR

ASC 350 / ASC 805
Valuation Client

ABRA - FR

ASC 350 / ASC 805
Valuation Client

Durex - FR

ASC 350
Valuation Client

LAI - FR

ASC 805
Valuation Client

LDI - FR

ASC 805
Valuation Client

RTS - FR

ASC 820
Valuation Client

RTI - FR

ASC 805
Valuation Client

WEG - FR

ASC 805
Valuation Client

Mark Gehrig, CFA, ASA, CBA

Mark Gehrig, CFA, ASA, CBA
Managing Director

PRESENT POSITION

Mark leads Chartwell’s Financial Reporting and Estate & Gift Tax practices.  He specializes in the appraisal of businesses, fractional equity ownership interests, intangible assets, intellectual property, and other financial assets.  He provides appraisal services for purposes of tax and financial statement reporting, and transactional and internal management planning functions.  Notable among these are gift and estate tax, ASC 805, ASC 350, buy-sell agreements, dissenting shareholder actions, entity conversion, condemnation, and projects arising from various regulatory requirements. 

 

MEMBERSHIPS AND DESIGNATIONS

Mark holds several appraisal-related designations, including Chartered Financial Analyst (CFA), Accredited Senior Appraiser (ASA), and Certified Business Appraiser (CBA).  He is a member of the CFA Institute, the CFA Society of Minnesota, and the Association for Corporate Growth.  He serves on the professional responsibility committee board of the Institute of Business Appraisers, and is a past president of the Twin Cities Chapter of the American Society of Appraisers.  Mark has testified in both federal tax court and Minnesota state court.  He has also served as a court-appointed neutral appraiser and regularly serves on dispute resolution appraisal panels.

 

PRIOR EXPERIENCE AND EDUCATION

Prior to joining Chartwell, Mark was a Director and practice leader of the valuation services group of Grant Thornton LLP in Minneapolis, co-owned and led the business valuation services line of Jabs, Gehrig & Company, served as a Manager in the valuation services group of Arthur Andersen LLP, and was senior appraiser with American Appraisal Associates.

 

Mark attended Emory University and the University of Minnesota, where he received from the latter institution an MBA in finance, a BSB in accounting, and a Bachelor of Arts in English.

Siderail Text: 
Some of the rules regarding a purchase price allocation have changed and some have actually become simpler. Mark Gehrig explains <a href="http://www.chartwellfa.com/ppa-overview"> the basics of this important compliance requirement.</a>