Structured Support for Complex Restructuring

We advise on the appropriate accounting treatment for common control transactions in line with applicable standards and industry best practices.
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Book Consultation

At BAM Advisors, we understand that transactions involving entities under common control such as mergers, transfers, or reorganizations within related parties require careful accounting treatment, documentation, and compliance with applicable standards. Our expertise ensures that such transactions are accurately reflected in financial statements, transparent, and compliant with IFRS, GAAP, or local regulations.

How We Assist with Common Control Transactions

Identifying and Analyzing the Transaction

We work with your team to thoroughly understand the nature and scope of the common control transaction, whether it involves transfers of assets, liabilities, or business combinations. Our experts assess the transaction type whether it is sale, reorganization, merger, or transfer and determine the appropriate accounting treatment based on relevant standards.

Determining the Correct Accounting Treatment

We ensure the transaction is accounted for accurately under applicable standards such as IFRS or GAAP, including the use of pooling of interests or acquisition methods if necessary. Our team guides on whether the transaction should be recorded at carry-over book values, fair value, or other measures, recognizing any goodwill or gains/losses appropriately.

Documentation & Supporting Records

We prepare detailed documentation and accounting memos to support the transaction’s treatment. Proper documentation ensures transparency and facilitates audit review and regulatory compliance.

Financial Reporting & Disclosures

We help prepare disclosures in financial statements that clearly explain the nature of the transaction, the accounting policies applied, and the impact on the financial position and performance of the entities involved. Transparent reporting ensures stakeholder confidence and regulatory compliance.

Tax & Regulatory Considerations

We advise on the tax implications of common control transactions, optimizing structure and ensuring compliance with local tax laws. Our team addresses regulatory requirements, including filings or approvals needed for such transactions.

Internal Controls & Process Improvements

We evaluate your internal controls over related-party transactions to mitigate risks of misstatement or fraud. Our recommendations help establish robust policies and procedures for future transactions.

Post-Transaction Support

We assist in reconciling post-transaction balances, assessing impairment needs, and updating accounting policies. Our ongoing support ensures continuous compliance and accurate reflection of related-party activities.

Partner with BAM Advisors to navigate the complexities of common control transactions confidently. Our tailored advisory, precise accounting, and robust documentation ensure your transactions are transparent, compliant, and aligned with your strategic goals.

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Yogesh Jobanputra

Thank you Mr.Atul Verma and Team, Had a fantastic experience on our accounting part and Tax Advisory. Definitely recommend for Accounting and Tax management services Bazaar accounting Team has enough experience to guide and happy with quick service response.

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Very professional and highly skilled team.

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Meet our team

Teamwork makes the dream work.

Atul Varma, BAM Advisors

Atul Varma

Managing Director

Cindy Torralba

Head of Accounting Services

Honeyish Sebastian

Head of HR & Payroll Services

Grace Fatima Ochangco

Business Development Manager

Mila Manarog

Accounting Manager

Prativa Ghimire

Manager – Nepal Office

Abigail Manabat

Assistant Manager – HR & Payroll
Mohamed Rila, BAM Advisors

Mohamed Rila

Assistant Manager Taxation
Professional portrait of a man in a black blazer sitting at a desk, hands folded, smiling at the camera with a watch visible on his left wrist.

Mark Philip Pombo

Supervisor

Stella Marie Villa

Supervisor
Renith Kunnappadi, BAM Advisors

Renith Kunnappadi

Sr. Tax Consultant

Golda Maria Augustine

Sr. Tax Consultant
Arathi Krishna Kolpurath, BAM Advisors

Arathi Krishna Kolpurath

Sr. HR & Payroll Consultant

Nipunika Wijesundara

Sr. Transfer Pricing Consultant
Man with glasses and a beard sits at a white desk, wearing a gray blazer and maroon shirt, hands clasped in front of him in an office setting.

Vipul Garg

Tax Consultant
Ashifa Abdul Jabbar, BAM Advisors

Ashifa Abdul Jabbar

Tax Consultant
Kyleen Esquivel, BAM Advisors

Kyleen Esquivel

Accounting Consultant

Glady Varghese

Accounting Consultant
Manoj Luitel, BAM Advisors

Manoj Luitel

Payroll Consultant
Muna Shrestha, BAM Advisors

Muna Shrestha

Accounting Consultant
Palisha Manandhar, BAM Advisors

Palisha Manandhar

Accounting Consultant
Yugesh Shrestha, BAM Advisors

Yugesh Shrestha

Transfer Pricing Consultant

Nidhi Varma

Business Development & Marketing Executive

Alyssa Pasion

Compliance Officer
FAQs

Common Control Transactions, Explained

What is a common control transaction?

It is a transaction between entities under common control, such as a merger, transfer or reorganisation within related parties. Because the parties are not independent, these transactions require careful accounting treatment, documentation and compliance with applicable standards so they are accurately reflected in the financial statements of the entities involved.

How is the correct accounting treatment determined?

It starts with the transaction type. The first step is assessing whether the transaction is a sale, reorganisation, merger or transfer, then applying the appropriate treatment under the relevant standards, such as International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP), including the pooling of interests or acquisition methods where necessary.

Should assets transfer at book value or fair value?

That is a judgement made against the applicable standards, not a default setting. Guidance is needed on whether the transaction should be recorded at carry-over book values, fair value or another measure, and on whether any goodwill or gains and losses should be recognised. The choice shapes your post-transaction balance sheet.

What documentation do I need to keep?

Detailed documentation and accounting memos that support the treatment applied to the transaction. Proper documentation makes the position transparent and facilitates audit review and regulatory compliance, which matters because related-party transactions attract closer scrutiny than arm's length ones.

What has to be disclosed in the financial statements?

Disclosures should clearly explain the nature of the transaction, the accounting policies applied, and the impact on the financial position and performance of the entities involved. Transparent reporting of that kind supports stakeholder confidence and regulatory compliance, and it saves questions later from auditors and reviewers.

Are there tax and regulatory implications to a group restructuring?

Yes, and they need attention alongside the accounting. Tax implications of common control transactions are assessed with a view to optimising the structure and complying with local tax laws. Regulatory requirements are addressed too, including any filings or approvals needed for the transaction to proceed.

What needs attention after the transaction closes?

Post-transaction work includes reconciling balances, assessing impairment needs, and updating accounting policies. Internal controls over related-party transactions are also worth evaluating, to mitigate risks of misstatement or fraud and to set robust policies and procedures for future transactions within the group.

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Bazaar Accounting
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