Franklin Nova’s Tangible Asset Valuation Practice Assists Clients Navigating Recent Economic Turmoil
As the nation and world begin to cautiously re-open from the economic impacts of COVID-19, companies are being called upon to consider a number of accounting, disclosure, and financial reporting matters related to the assets on their balance sheet. Fixed asset balances have become a particular area of concern for the companies whose operations have been disrupted.
Franklin Nova has been actively engaged with its clients assessing the current and potential impacts the COVID-19 disruptions are having on their operations. As the second quarter of 2020 draws to close and the world begins to re-open, regulators and auditors are requiring companies to test the values of their owned and leased real and personal property assets. Our team of dedicated real and personal property valuation specialists have been focused on providing valuation services related to:
- ASC 360 & IAS 16 Property, Plant, and Equipment Testing
- Business Interruption Claims
- Right of Use Asset Assessments and Valuations
- ASC 842 Leases Valuations
- Fresh Start (Bankruptcy) Accounting Valuations
- Asset Backed Lending Valuations
While each business and industry has been impacted in some way, each have their own unique challenges ranging from employee safety to decreased product demand to extended shutdowns. Our team has been actively engaged with clients in the Automotive, Manufacturing, Retail, Food Service, and Travel and Entertainment sectors of the economy.
Franklin Nova’s Tangible Asset Valuation Services
Franklin Nova’s Tangible Asset Valuation practice is led by a team of dedicated individuals that have decades of experience in assessing the impact of business disruptions on the value of corporate assets. Our team is well equipped to assist companies navigating global and industry recessions and posses the critical experience necessary to deliver results that meet the needs of our clients as well as their regulators. Our streamlined approached to client service enables our team to deliver these results in an efficient an economical manner which is critical during times of uncertainty.
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Brian Sarkis - 412.206.1486