Trev T. Wilgus

Background

Trev is a Manager in KPMG’s Accounting Advisory Services (AAS) practice within Deal Advisory. The Accounting Advisory Services practice provides advice on transactions that require technical accounting and financial reporting analysis. The practice also provides expertise on accounting policy conversions, accounting change implementations, finance integration, and restatements.

Trev has over six years of experience providing assurance and advisory services at KPMG. Prior to joining the Accounting Advisory Services practice in New York, he was in KPMG’s Audit practice in Dallas. Trev primarily served audit clients in the airline industry and boasts experience auditing a multi-billion dollar business combination in the industry.

Professional and Industry Experience

Since joining the Accounting Advisory Services practice, Trev has experience in the aerospace & defense, airline, government services, financial services, and chemicals industries. He has experience providing clients with buy-side transaction support, finance integration, technical accounting, and financial reporting. Key experience and accomplishments include:

• Managed the buy-side project for a publicly-traded government services and information technology company in a $2.5 billion transaction. Provided pre-close advisory services, including preparation of pro forma financial statements in accordance with Article 11 of SEC Regulation S-X. Displayed a robust understanding of ASC 805 (Business combinations) throughout post-close advisory services, which included preparing the opening balance sheet, drafting Form 10-K footnote disclosures, preparing a purchase accounting technical memorandum, and supporting the acquirer’s accounting policy alignment.
• Supported the overall finance integration and buy-side project for a publicly-traded financial services company in a $3.2 billion transaction. Provided pre-close finance integration support, including day 1 operational readiness and development of a transition state operating model for the record to report process. Managed the IFRS-US GAAP assessment, identifying critical gaps between acquiree (IFRS) and acquirer (US GAAP) accounting policies and recommending next steps for the IFRS-US GAAP conversion.
• Managed the implementation of a revenue recognition accounting change project for a Fortune 150 company in the chemicals & technology industries. Ensured gaps between current U.S. GAAP and the new revenue standard (ASC 606) were identified, communicated to controllers and management, and appropriately addressed. Presented live training sessions on the new revenue standard to 200+ accounting and finance personnel; assisted management with the preparation of its footnote disclosures on revenue recognition.
• Addressed technical accounting and reporting questions, displaying a detailed understanding of ASC 606 (Revenue from Contracts with Customers), ASC 842 (Leases), ASC 805 (Business combinations), ASC 350 (Intangibles –Goodwill & Other), ASC 810 (Consolidation), ASC 830 (Foreign currency), and SEC reporting (Article 11 & Rule 3-05 of Reg. S-X) within the aerospace & defense, airline, government services, and financial services industries.