Fewer accountants are entering the workforce and financial reporting specialists are in high demand. Absent experienced resources already on staff, companies shouldn’t struggle to identify and retain specialized resources for tasks that can be outsourced at a fraction of a Full-Time Equivalent’s cost. Opportune’s deep Complex Financial Reporting team can fully outsource or streamline the financial reporting needs of our private and public clients.
This Financial reporting may only occur periodically, yet this function can be easily streamlined with processes that tie disclosures directly to the general ledger and supporting information. Opportune uses ActiveDisclosure as an integral partner to facilitate the collaboration and outsourcing of the financial reporting process for both private and public clients.
Preparation of private / public company footnotes
Drafting of Management Discussion & Analysis
Registration Statement and Proxy disclosures
10-Ks 10-Q and 8-K disclosures
Standardized Measure of Oil & Gas (SMOG)
Though timing and size are unpredictable, and the related disclosures are often very technical in nature. Opportune has transaction reporting experience across almost every transaction structure and industry.
SEC significance testing
Stand-alone reporting of significant acquisitions and carve-outs
Purchase Price Allocations
Discontinued Operations
Development of new reporting processes
Carve-out Financial Statements require both accounting and technology expertise to develop the proper carve-out methodologies and access the necessary financial and operations information. Leverage Opportune’s experience working with management teams and external auditors to manage the carve-out process.
Financial statement and footnote preparation
Allocation of debt and related interest expense
Allocation of G&A and corporate overhead
Working capital calculations
Stand-alone impairment testing
Pro Forma Financial Statements are typically the last step in completing a registration statement or 8-K due to its dependence on the completion of all other financial reporting and valuation tasks first. Get ahead of last-minute deadlines by engaging Opportune to start this process early.
Drafting of the Pro Forma introduction and footnotes
Incorporate purchase price allocations and carve-outs
Depletion Depreciation, impairment and interest expense calculations
G&A expenses and management estimates
Earnings per Share
The current scarcity of specialized accountants makes it difficult and expensive to maintain a full-time, in-house technical team. Using Opportune provides immediate access to a deep bench of technical accounting, valuation, and reporting experts without the overhead of full-time hiring. Our flexible model allows you to scale support up or down based on your filing calendar or transaction volume.
ASC 805 (Business Combinations) governs the accounting and reporting for acquisitions. Opportune assists companies by performing entity and asset valuations, complex purchase price allocations, opening balance sheets, and documentation. This ensures your transaction reporting is defensible and audit-ready.
E&P companies operate under a unique set of regulatory and accounting standards, including reserve-based depletion, Standardized Measure of Oil & Gas (SMOG) disclosures, and upstream-specific cash flow presentation, among others. Generalist firms learn on your dime. Opportune arrives with that knowledge already in hand.
Yes. We provide technical support for interpreting and responding to SEC comment letters. Our team helps reconcile reporting discrepancies and ensures that your disclosures meet the highest standards of transparency, reducing regulatory risk and maintaining investor confidence.
Absolutely. We offer fully outsourced, co-sourced support, or project-based support. Opportune owns the periodic reporting function in a fully outsourced structure. In a co-sourcing arrangement, we act as an extension of your existing team, providing specialized technical expertise for high-stakes events like IPOs, carve-outs, or complex pro forma financial statement preparation. For project-based needs, you define the scope and ideal timeline, and we plug in where needed.
Our deadlines are your deadlines. Most engagements can be structured and staffed within hours. For complex engagements where needs and timelines may be in flux, we can mobilize an initial expert to help define scope and related milestones – then scale resources up or down to meet your unique requirements.
It means your financial statements, footnotes, and supporting schedules are complete, tied out, and complex accounting issues are documented before your auditors arrive. Audit cycles and fees are minimized, eliminating last-minute surprises.
When you choose Opportune, you gain access to seasoned professionals who not only listen to your needs, but who will work hand in hand with you to achieve established goals. With a sense of urgency and a can-do mindset, we focus on taking the steps necessary to create a higher impact and achieve maximum results for your organization.
