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IFRS conversion

Companies need flexible and tailored support to help cope with the increasing demands of complex accounting standards in the UK and internationally.

FLBs' specialist Financial Reporting Advisory team helps companies cope with International Financial Reporting Standards (IFRS). Our team has strong technical expertise in a variety of challenging, financial and narrative reporting matters and provides accounting advice on both small and large projects.

Services we offer include:

  • Identifying key differences between UK GAAP and IFRS, and related disclosure issues.
  • Assessing the impact of new measurement and recognition standards on reported results.
  • Assisting with specific valuations under IFRS.
  • Discussing plans for conversion, including managing stakeholders' expectations and analysing the likely impacts on employees and information systems.
  • Assisting AIM companies with the Project Management of the IFRS conversion process.

Our team also has access to experienced technical trainers who provide tailored courses to guide finance teams through the complexities of accounting requirements under either IFRS or UK GAAP.