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 in terms of company legislation and accounting standards FRS 100 and FRS 105. Internationally, several critical 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 extensive experience in various accounting, financial, and narrative reporting matters. They can be engaged by organisations in a wide range of industries, companies and groups, and on small and large projects.
We have a track record of helping clients apply new accounting and financial reporting standards, which are essential in today’s fast-changing technical environment. We regularly support our clients on numerous other technical projects, including GAAP conversions and implementation support, business acquisitions and group reorganisations, and consolidation support.
Our team assists companies in interpreting and implementing 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 the 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.
Our team members are well-placed to proactively advise our clients on the forthcoming standards and their implications.
We have expertise in the following core areas:
- IFRS
- UK GAAP
- US GAAP
- Accounting Valuations
- Narrative Reporting