It is normal for companies to face unexpected or unusual financial reporting challenges outside the annual reporting cycle.
Financial reporting challenges arise from external events, such as changes in accounting requirements, or from internal events such as acquisitions, disposals, reorganisations and restructurings, re-financings and listings. Accounting and financial reporting has become much more than just about compliance; it’s about transparency, being cohesive and striking the appropriate balance between being informative yet concise, whilst also ensuring that the requirements have been appropriately applied.
How Parker Russell can help
We have a broad understanding of both best practice and how financial reporting can go wrong. These practical insights, combined with a broad and deep technical knowledge of IFRS, UK GAAP and US GAAP, and capital markets insight, means that we can provide you access to experts to help you balance demands and challenges within your team.
We have an extensive understanding of both best practice and how financial reporting can go wrong. These practical insights, combined with a broad and deep technical knowledge of IFRS, UK GAAP and US GAAP, and capital markets insight, means that we can provide you access to experts to help you balance demands and challenges within your team. We combine expert technical knowledge with practical, commercial experience in order to develop technically robust financial reporting solutions aligned to your business.
Below are some common examples of where we can assist.
- Reorganisations and restructurings – we can assist with any accounting complexities that arise from group reorganisations and restructurings. We will help achieve the best possible outcome for you.
- Impact assessments and implementation of new accounting standards
- GAAP conversion work, principally IFRS, UK GAAP and US GAAP
- Preparation of Historical Financial Information (HFI) in respect of IPOs
- Distributable reserves reviews
- Preparation of accounting policy manuals and policy reviews
- Technical accounting papers, for example, revenue recognition, share-based payments, business combinations and financing arrangements
