The Private Equity-Owned Business Controller's Guide to US GAAP

A Practical Guide to Revenue, Acquisitions, Debt, and Key Reporting Challenges In PE-backed companies, controllers face relentless pressure from sponsors, lenders, and tight timelines. GAAP mastery is critical for credible reporting, strong EBITDA add-backs, M&A success, and optimal exits. This concise handbook delivers practical guidance on the most vital topics: ASC 606 revenue recognition, software capitalization, debt modifications, purchase accounting (ASC 805), goodwill impairment, leases, fair value, and more. You'll learn how to:Support defensible add-backs and forecasting Navigate acquisitions and impairments Manage debt restructurings and covenants Build robust controls for audit readiness and exit preparation Turn GAAP into a strategic advantage that protects and enhances enterprise value.