Financial Reporting

Financial Reporting

BBG offers valuations and audit support for financial reporting, cost segregation, insurance valuations and valuation consulting.

The financial reporting practice includes developing independent third-party valuations for:

  • ASC 805 Business Combination/ASC 805-50 Asset Allocations
  • ASC 852 Bankruptcy and Fresh Start Accounting
  • ASC 360 Impairment of Long-Lived Assets
  • Portfolio valuations for Fair Value Reporting

Financial Reporting – Audit Support

BBG provides testing and review of real and personal property valuations under AS 1105 – Audit Evidence and AS 1210 Using the Work of a Specialist. Our testing includes:

  • Appropriateness of valuation methodologies employed
  • Support of assumptions
  • Accuracy of calculations
  • Reasonableness of fair value conclusions

Observations and conclusions are presented in a well-documented memo highlighting key issues and concerns.

The financial reporting team is composed of valuation professionals with significant public accounting experience. These professionals are familiar with the needs and reporting requirements of the accounting industry and can deliver cost effective, well supported valuations and audit memos.

Louis Yorey, MAI, MRICS

Senior Managing Director, Advisory Services Leader

Louis is the Senior Managing Director and Practice Leader of Advisory Services for BBG in New Jersey. He has over 25 years of experience in real estate valuation specializing in assignments for financial reporting and REIT acquisitions and conversions.  Portfolios valued range from several assets to several thousand assets nationally and internationally.

Prior to joining BBG, Louis served as Managing Director in the Financial Instruments, Structured Finance and Real Estate Group of Pricewaterhouse Coopers (PwC). Valuation assignments include ASC 805 valuations, REIT conversions, corporate planning and FIRPTA issues. Valuation and consulting assignments have included investment grade properties in the local, national and international markets. Property types valued include industrial, office, hotels and retail centers as well as land and residential subdivisions. Responsible for business development internally and externally, business strategy for the practice and technical guidance.

Bundled Due Diligence Services

One-stop shop for valuation + assessment services.

Our Services

Valuation and Assessment Services

  1. Market study
  2. Feasibility
  3. Zoning reports
  4. Environmental studies
  5. Title
  6. Surveys
  7. Property condition reports
  8. Appraisals
  9. Strategic advisory

Advisory Services

  1. Portfolio valuation
  2. Organization design and governance
  3. Financial reporting
  4. Lease audits
  5. Tax appeal
  6. Monitoring
  7. Cost segregation
  8. Refinancing

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Industry News

Mar 09 2021

CRE Due Diligence: The Benefits of Bundling Third-Party Reports

Due diligence is a vital component of real estate transactions Commercial real estate is a high-value investment, so conducting proper due diligence is critical on all...
Jul 16 2018

Cost Segregation Studies: Increase Cash Flow by Accelerating Depreciation Benefits

By Louis A. Yorey, MAI, MRICS The principle goal of a cost segregation study is to increase near term cash flow by accelerating depreciation on commercial real estate....
Jan 25 2017

New Location for BBG in New York

The Manhattan leadership team is pleased to announce that our BBG New York office has expanded in a new location.  BBG New York 112 Madison Avenue, 11th Floor New York,...
Jun 06 2016

From Acquisition to Disposition: BBG’s Expanded Service Offerings

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