Financial reporting advisory

In our view, letting financial reporting lead the way increases your chance of achieving your objectives. That’s why we want to help you develop a reporting structure that suits your business and sets you on the way to successful transformation. 

Bringing together a unique set of skills and expertise, RSM’s financial reporting advisory team can provide you with high-level advice on issues relating to:

  • changes to Generally Accepted Accounting Practice in the UK (UK GAAP) including FRS 102;
  • International Financial Reporting Standards (IFRS); and
  • amendments to the Companies Act 2006.

Through our financial reporting advisory service we can offer you a unique viewpoint. Our powerful tools can help you when you are:

  • undergoing corporate restructuring;
  • implementing complex accounting rules;
  • preparing to list; and
  • planning a demerger. 

By working in partnership with us, you can create a template for change, moving to a new financial reporting structure that best fits your business. 

We believe that most corporate transformations work better when they are led from the outset by financial reporting. This approach gives organisations a clearer perspective from which to make decisions, a robust structure within which to plan projects, and a smoother transition that avoids you having to deal with tedious and costly compliance and audit issues later. 

Examples of the benefits of leading with financial reporting include:

Sustainable growth

Accounting policies can have a dramatic effect on growth. Planning and adopting the right accounting standards early can help to achieve the desired earnings objective.

Group reorganisation and restructuring

Rationalising the assets, liabilities and trading structures of different entities can create enormous commercial advantage. Taking a high level approach with the Companies Act and financial reporting as the backbone of your approach ensures a pain-free transition and avoids auditing issues — not to mention higher costs — later on.

IFRS conversion and listing

Taking a strategic approach to IFRS conversion ensures that the business will address the significant accounting issues early and avoid the shocks arising from a conversion project taking place prior to listing. 

Acquisitions and disposals

Looking at acquisitions, demergers, disposals and exits from a financial reporting perspective creates a much wider matrix of choices. It also provides a baseline from which directors and businesses owners can make informed decisions about which route to take. 

All too often financial reporting and company law issues are the last thing to be considered in a corporate transformation - by which stage they may be difficult or impossible to resolve without unpicking earlier decisions. 

Our financial reporting advisory service will assist you in making the best decision for your business. 

Find out more by getting in touch with us. We’d be delighted to discuss how we can help.