Business environment and transactions are constantly evolving and facing complex financial reporting challenges arising from business changes and development of the regulatory environment (i.e., accounting standards, listing rules, company law). Financial reporting is increasingly complex and, given the growing scrutiny on corporate governance, it is more important than ever to correctly interpret and apply accounting standards to drive appropriate decision-making, boost productivity and increase levels of trust and transparency with stakeholders.
Seeking expert advice, either regularly or as a one-off for unfamiliar or difficult situations, is critical to understanding the impact of a transaction on key metrics and financial statements and choices available, whilst alleviating pressure on finance teams.
The need for financial reporting advice is often driven by wider concerns, such as acquisitions, disposals, financing and equity issues, significant system changes and new products or business strategies. Working as a multi-disciplinary team, we can provide seamless project support, incorporating financial reporting advisory solutions to our clients.
There are many situations where support from accounting advisory specialists can help:
Accounting and assurance support
- Consultation on the impact of complex accounting issues
- Transaction accounting support and advisory, including accounting implications and journal entries linked with business combinations, reorganisations, disposals and purchase price allocations
- New accounting standards, including impact assessment, understanding of transition options, and development of implementation plans
- GAAP selection and conversions
- Review of historical financial information as part of a listing process
- Development and review of accounting policies
- Preparation of consolidation models
- Cash flow preparation
- Assurance and agreed upon procedures