IFRS Accounting

We are able to deliver technical expertise equivalent to that of a Big 4 audit team but within a non-audit relationship and a more cost-effective fee structure.

We provide companies of all sizes with IFRS accounting expertise as and when it is needed. We identify the optimal solution for each company, within the applicable laws and regulations. We can also set out the required accounting and disclosure, keeping the client's workload to a minimum.

As experts in both IFRS and UK GAAP, we have already managed the conversion to IFRS for several UK listed companies. This makes us extremely well qualified to advise you on the transition to IFRS which will occur for most UK companies from 2013 onwards.

Some of the typical situations in which we provide technical accounting input are:

• Preparing for the year-end audit process
• Accounting treatment of tax-sensitive items
• Accounting implications of proposed re-organisation and restructuring

Some of the issues we deal with on a regular basis are:

• Group consolidations
• Revenue recognition policies
• Prior year adjustments
• Distributable reserves
• Hedge accounting

Much of the technical accounting expertise we can provide is required by UK companies only at key reporting points, so we give companies the ability to call on expert input as and when they need it, which is far more efficient.

We also provide technical accounting advice to other accountancy firms, where they have a need for input in particular technical areas.

If you would like to find out more about how we can help you with IFRS accounting, please contact us.