FASB Proposes Last-Minute Change to Lease Accounting Rules

Recent Insights

Restating Financial Results

September 14, 2021

In the first half of 2021, there was a surge in financial restatements. The reason relates to guidance issued by the Securities and Exchange Commission, requiring special purpose acquisition companies (SPACs) to report warrants as liabilities. SPACs are shell corporations that are listed on a stock exchange with the purpose of acquiring a private company, thereby making it public without going through the traditional IPO process. Historically, SPACs that offer warrants (which allow investors buy shares at a set price in the future) have reported those instruments as equity....
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Alex Bogopolsky Joins DLA as Managing Director, Accounting Advisory

September 10, 2021

DLA, LLC (“DLA”), an Internal Audit, Accounting & Corporate Finance Advisory Firm headquartered in the New York Metro area, with additional offices in Boston and Central New Jersey, is excited to announce the addition of Alex Bogopolsky as Managing Director in the Accounting Advisory practice. Alex joins the Firm with more than three decades of technical accounting experience stemming from his auditor and consultant roles at the Big 4 and industry. “Alex will be an exciting addition to the DLA family,” stated DLA’s Founder and CEO, David Landau. “His technical accounting experience and background complement our rapidly growing Accounting Advisory group.” ...
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    Phil Ramacca, CPA

    Phil Ramacca is the President & COO of DLA, LLC. Phil has over 30 years of broad business experience, with extensive audit experience relating to real estate and asset management companies. Phil has worked extensively with all of DLA’s real estate clients, including REITs, REOCs, and Private Equity firms, and serves as the Lead Client Service Partner for numerous real estate clients.

    Phil has worked with dozens of companies to initially comply with SOX requirements and maintain that compliance is ongoing. Phil has extensive audit experience in all categories of real estate and has performed in-depth reviews of the operations of joint venture partners, third-party managed properties, self-managed properties, and hotels. Phil works closely with senior management and his responsibilities include coordinating client engagements; post engagement discussions with client executives; recognizing, researching and resolving technical accounting and auditing issues; consulting on business combinations; and assisting clients negotiating debt agreements.

    Prior Work Experience

    Newsday
    Ernst & Young

    Education, Certifications & Affiliations

    Long Island University, CW Post – B.S. in Accounting

    Contact Information

    Address: 55 Lane Road, Suite 310 Fairfield, NJ 07004
    Phone: (973) 575-1565
    Fax: (973) 575-1615
    Email: Phil.Ramacca@dlallc.com