Accounting advice

Our specialist Financial Accounting Advisory Services team can support your business with all aspects of accounting, through a range of advisory services. We provide comprehensive accounting opinions to help you understand and manage any challenges effectively, offer support in the development and review of your accounting policies, and can ensure your financial statements are accurate, compliant and insightful.

Accounting opinions on complex contracts

Navigating the complexities of financial instruments and other intricate contracts and transactions requires expert guidance. Our team provides comprehensive accounting opinions to help you understand and manage these challenges effectively. We can provide support to benefit your business in the following areas:

• Financial instruments: Accounting for financial instruments can be complex. We can provide guidance on the accounting treatment of derivatives, hedging and other financial instruments. Accounting for financial instruments can have a significant impact on the financial statements depending on whether they are categorised as debt or equity. We can review the instruments before they are issued to advise on the impact of any terms and conditions that could affect the classification.

• Revenue recognition: Accounting for revenue recognition can be complex, particularly when dealing with amendments to the financial reporting requirements (eg, FRS 102 under UK GAAP) and/or new revenue streams. Our team can help you to understand the implications of complex contracts and navigate judgements to ensure appropriate revenue recognition.

• Regulatory changes: It is not just new accounting standards that can have an impact on the accounting in the financial statements. Regulators often issue guidance or new regulations that can similarly impact your reporting. Our team can help you to stay ahead of changes and ensure your financial reporting remains compliant with regulatory standards.

• Share-based payments: Providing share-based incentives to employees is an effective way to encourage long-term retention of employees for your business, particularly when cashflow may inhibit the ability to pay top-rate salaries or bonuses to retain staff. Our team understands that schemes can be difficult to interpret. We can advise on accounting treatments, no matter the nature of the scheme, and can also support with share scheme planning, compliance and consequences of disposal, working alongside our Tax team and your advisors.

Accounting policies

Staying compliant with the ever-evolving landscape of accounting standards can be challenging. Our dedicated team is here to provide comprehensive support in the development and review of your accounting policies under IFRS and UK GAAP. We ensure your financial reporting remains accurate, transparent and in line with the latest regulations. This can include:

• Customised policy development: Tailor-made accounting policies aligned with your operations and compliant with accounting standards
• Policy review and optimisation: Thorough reviews and recommendations to enhance your financial reporting
• Regulatory compliance: Ensuring full compliance with current standards and updating policies as needed.

Assistance with complex financial statements, preparation and disclosures

Preparing financial statements requires diligence and a deep understanding of the business, accounting standards and legal requirements. Our team is here to provide expert assistance, ensuring your financial statements are accurate, compliant and insightful. We are well-versed in the intricacies of financial statement preparation, disclosure requirements and current market practice, which enables us to offer customised assistance that addresses the unique needs of your organisation and ensure you meet the latest accounting standards and regulations.

We can assist you with preparation of proformas and disclosure notes whenever your business is undergoing significant changes, such as acquisitions and disposals, or dealing with one-off changes arising from the adoption of any significant new and amended accounting policies.