Engagement summary
Client Background
Angel MedFlight is a leading provider of fixed-wing medical air transport services, serving patients across the U.S. with critical-care transport and bed-side-to-bed-side coordination.
Engagement Scope
R&M provides comprehensive technical-accounting support across multiple ASC topics. Engagement began with full ASC 842 lease implementation, evolved into multiple debt analysis engagements under ASC 470-50, and includes ongoing profit-interest-unit database maintenance and warrant valuation under ASC 718 and ASC 480.
Services Provided
- ASC 842 lease implementation and ongoing lease accounting
- ASC 470-50 debt analysis
- Warrant valuation and classification under ASC 480 / 815
- ASC 718 profit interest unit expense databases
- Annual audit readiness support