In the current global environment, there are many challenges for the companies from an accounting perspective as shareholders, regulators and other external stakeholders take a greater interest in how companies report, disclose and communicate their financial results.
With the increased scrutiny on companies financial reporting and disclosure requirements that the standard setters and regulators are requesting from companies, many businesses are often hard pressed to manage these additional requirements.
Our partners can support you in ensuring that companies can meet the additional disclosure requirements from regulators and standard setters and we within our firm have experienced professionals to help you to meet these additional demands.
How can we help?
Our partners have in-depth technical accounting knowledge, industry insight and substantial industry experience. Our teams are experienced in advising clients on challenging, complex issues arising from transactions, business decisions and regulatory changes.
Our partners have in-depth technical accounting knowledge, industry insight and substantial industry experience. Our teams are experienced in advising clients on challenging, complex issues arising from transactions, business decisions and regulatory changes.
It is more important than ever for organisations to obtain specialist technical accounting advice and support to help them adapt and succeed. Our teams are committed to helping clients reach the right accounting answer in the context of reporting objectives, commercial reality and regulatory requirements.
Our teams deliver a consistent, cost-effective service, backed by the resources of a network of professionals worldwide, forming one of the world's leading accounting advisory networks.
Services offered within accounting advisory
- GAAP conversions
- Transactions and financial reporting advice
- Accounting advice to a restructure
GAAP conversions
Local GAAP conversion to IFRS require in depth technical understanding of not only the accounting differences, interpretations and potential approaches but also understanding the business implications such as tax relationships, financial disclosures, system changes and training of staff.
Transactions and financial reporting advisory:
Our team will work with you to optimise the transaction outcome by addressing key accounting and regulatory challenges that arise on mergers, Initial Public Offerings (IPO), acquisitions and divestments including
- Identifying and analysis of accounting issues
- Analysing financial and regulatory impacts
- Preparing opening balance sheets, carve-out, pro forma or combined financial statements
- Modelling of impacts on future income statements, balance sheet items
- Working with our transaction advisors on valuation projects and determining the appropriate acquisition accounting adjustments.
- IPO readiness
- Post IPO support
Accounting advice for restructure
We can assist clients who are undertaking restructuring of their business or when financing the purchase of assets in helping clients to understand the following:
- The values at which transfers of legal entities, businesses or assets should be recorded
- The interaction of accounting requirements and the provisions within company law relating to merger relief and group reconstruction relief
- Distributable reserves issues that may arise which could limit future dividends and suggestions on how to alleviate such issues
- The mechanics of merger accounting and acquisition accounting
- The accounting for employee benefit obligations, share awards and goodwill as businesses and responsibilities are transferred between group entities