Financial Reporting Advisory
The world of accounting and financial reporting is continually evolving. In the UK, following the reform of UK GAAP 2015, there have been many additional options and changes to the UK reporting framework both in terms of company legislation and the accounting standards FRS 100 and FRS 105. Internationally, several key new accounting standards have recently been issued, or have become effective, which could have, or are having, a substantial impact on businesses.
Our technical experts have a wealth of experience in a wide variety of accounting, financial reporting and narrative reporting matters and can be engaged by organisations in a wide range of industries, by both companies and groups and on both small and large projects.
We have a proven track record in helping our clients to successfully apply new accounting and financial reporting standards, important in today’s fast-changing technical environment. We regularly support our clients on other numerous technical projects, including GAAP conversions and implementation support, business acquisitions and group reorganisations, and consolidation support.
Our team assists companies interpret and implement accounting and financial reporting standards, including:
- IFRS 9 Financial Instruments;
- IFRS 15 Revenue from Contracts with Customers;
- IFRS 16 Leases;
- IFRS 17 Insurance Contracts
- FRS 101 Reduced Disclosure Framework; and
- FRS 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland.
We also advise on areas which present ongoing accounting and financial reporting challenges including:
- Group reorganisations;
- Complex consolidations;
- Financing structures;
- Capital reductions;
- Purchase price allocation valuations;
- Share-based payment valuations;
- Pension scheme arrangements; and
- Infrastructure projects.
Members of our team meet regularly with standard-setters, as well as commenting on their pronouncements, meaning we are well placed to be proactive in advising our clients on the forthcoming standards and their implications.
We have expertise in the following core areas:
- UK GAAP
- US GAAP
- Financial Reporting Valuations
- Narrative Reporting