Services / Financial Reporting
Financial Reporting
Statements under IFRS, group packs and consolidations, with the technical judgements written down.
Financial reporting is where accounting stops being administrative and starts being judgement. Most of the difficulty sits in a handful of areas, and most year end delays trace back to those same areas being left until the end.
This is the work our team spent its career on. We prepare the statements, take a clear position on the technical questions, and document the reasoning so it holds up when somebody asks about it two years later.
What this covers
Annual and interim statements
Full financial statements prepared under IFRS, including the notes, formatted to the presentation your stakeholders expect.
Group reporting packs
Reporting packs prepared to a group's instructions and timetable, in the format the group team needs rather than the format that suits us.
Consolidations
Consolidation of subsidiaries including eliminations, intercompany reconciliation and translation of foreign operations.
Technical positions
Written papers on the judgemental areas. Revenue recognition, leases, financial instruments, provisions, impairment. A position you can defend, not a treatment applied silently.
Conversion support
Moving from a local framework to IFRS, including the opening balance adjustments and the disclosures the first set requires.
Audit support
Answering the auditor's questions with the analysis already prepared, which is the single biggest thing that shortens an audit.
Who this is for
- Companies with IFRS reporting obligations and no in house technical specialist
- Subsidiaries of international groups who have to report upward on a fixed timetable
- Businesses whose reporting has become more complex than their finance team was built for
Common situations we are brought in for
- A new transaction has raised an accounting question nobody internally can answer with confidence
- Your group reporting deadline keeps being met at the cost of everything else that month
- Last year's audit raised the same technical points as the year before
- You are adopting IFRS for the first time and need the conversion handled properly