Our service offering

Preparing, reviewing or project managing statutory financial statements, for standalone entities as well as consolidated groups, active and dormant entities. 

Pre & post transaction support is available. 

Pre-transaction support might include preparing and rationalising data rooms and financial models, or providing assistance with other due diligence activities.

Post-transaction support might include fair value accounting (including methodology, calculations, accounting papers and successful audit and disclosure thereof), as well as accounting policy alignment, financial year end alignment and other impacts on statutory financial reporting which is often far more complex than first meets the eye in our experience.

Preparation, review and support in meeting auditor requests for listed or unlisted HY and FY reporting packages, in accordance with the tight deadlines and quick turnarounds these documents often entail (we believe this is where UK based clients can really benefit from the Australia - UK time difference).

 Assessing the impact of, and implementing, new financial reporting standards as well as making the required disclosures that follow and assisting in getting this audited efficiently with related accounting papers.

Preparing individual accounting policy guides with relevant worked examples, comprehensive accounting policy manuals, or updating existing guidance and worked examples to remain relevant to changing businesses or accounting standards. 

Support could also include training finance teams in how to use, understand and apply these accounting policies.

 Calculating the potential impact of certain transactions that a business is considering undertaking under International Financial Reporting Standards ("IFRS"), including scenario analyses, in order to inform Senior Management's decision making. 

See also Technical accounting papers for further related support of this nature. 

Preparing accounting papers detailing the nature of a planned or actual event, the application of IFRS and consequential impact or benefit to the business in the current and future years, as well as required disclosure thereof for statutory reporting.  

Most often, these papers require close working with auditors to ensure that there are no last-minute surprises at reporting time and that both auditor and client are aligned on appropriate interpretations, required disclosures and quantified impacts or benefits of the events.

Preparing, rationalising and justifying impairment models for a range of businesses, including preparing the related sensitivity analyses and impairment memorandums.  

This includes the close interaction with auditors to ensure that they are comfortable with assumptions being applied,

Assessing whether agreements contain a lease under IFRS16, preparing IFRS16 calculations and disclosures, assisting in the selection of appropriate IFRS16 tools, assessing the impact of different leasing scenarios including sale and leaseback. 

Reviewing balance sheet accounts and assessing the potential risk and opportunities therein, and undertaking or managing appropriate balance sheet cleanup and process improvements that follow to prevent future recurrence. 

This is not an exhaustive list of financial reporting matters we can assist with, so please do contact us if you have other items you would like to explore getting some assistance with.