Undertaking a transaction of any kind can be complicated, time consuming and a stressful process. Our Financial Accounting Advisory Services team has expertise across a wide range of transactions and can support you with a wide variety of transactional accounting services, minimising the stress and risks for your business.
Our specialists provide accounting and reporting guidance on business combinations and reorganisations, accounting advisory support before, during and post transactions and can assist with your reporting needs for any restructures, group simplifications, disposals or acquisitions.
Business combinations and reorganisations
Business combinations and reorganisations are often significant material transactions that are unique and present complexities that extend beyond the day-to-day accounting function. With our expert team by your side, you can confidently overcome any challenges.
We can provide support with your reporting needs, whether IFRS or FRS 102, and advice on the accounting in respect of restructuring, group simplifications, disposals and acquisitions. We can also assist you in assessing risks, looking at potential rewards and walking you through every phase of a transaction or business restructure.
Accounting advisory within transactions
Our team has expertise across a wide range of transactions and can support buyers and sellers before, during and after the transactions occur. Our team can work on our own, with our PKF colleagues or alongside your current advisors. We can provide support for your transactions in the following ways:
- Before transactions: Providing health checks on accounting treatments and identifying any potential issues, sharing accounting policy wording and documentation for buyers, and supporting where a change of standard occurs (ie, UK GAAP to IFRS).
- During transactions: Supporting the Due Diligence team by reviewing financial statements and other financial information to identify accounting policies, inconsistencies or incorrect treatment and providing technical advice to internal and external teams. We can also ensure that, where a change of accounting standard or treatment is required, the buyer or seller is aware of these impacts and can support with assessing / reporting on the impacts and options available.
- Post transaction: Helping the acquired entity transfer onto new accounting policies or standards and updating accounting papers to meet the demands of the new Group. We can review business combination disclosures and any other impacted disclosures in the financial statements for compliance with the requirements of IFRS and UK GAAP.
In addition to the accounting advisory services, our team encompasses a wide range of services, including a full suite of due diligence, valuation, tax advisory and structuring, financial modelling, general transaction advisory support and regulatory services.
For more information on our other financial accounting advisory services
Accounting advice
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.
Implementation of new accounting standards
Navigating the complexities of new accounting standards can be a challenge for any organisation. Our team is here to provide the expertise and support you need to ensure a smooth transition and compliance with the latest standards. We specialise in helping businesses like yours adapt to new accounting requirements, optimise financial reporting and enhance operational efficiency.
