UK
Ireland
Accounting advisory
Companies are constantly evolving and can face complex financial reporting challenges arising from business changes (such as acquisitions, disposals, financing and equity issues) and regulatory developments (whether in accounting standards, listing rules or company law). It’s vital that companies understand the financial reporting impact entering into a transaction or contract and the options available to help them reach the best commercial decision.
Financial reporting is increasingly complex. In light of high profile accounting scandals, it is more important than ever to correctly interpret and apply accounting standards to drive appropriate decision-making, boost productivity, and increase transparency and trust with stakeholders.
Accounting for complex transactions, navigating new and existing standards and developing memos for accounting positions can overload finance departments. We understand what auditors look for and can help prepare robust memos, accurate calculations and models to support you through your audit process.
Other significant events within your business may also demand a tight turnaround, straining internal resources, or it may not be cost effective to recruit externally for a temporary requirement.
Our accounting advisory offering
Financial reporting is increasingly complex and companies are constantly changing. Our financial accounting advisory services ensure your approach is robust and effective. View how we can help your business.
Get ready for the upcoming changes to FRS 102
Financial Reporting Standards (FRSs) are changing with amendments to FRS 102, affecting an estimated 3.4 million businesses from January 2026. Learn what you need to do to prepare sufficiently.
Tool
FRS 102 health check tool
Do you understand your exposure to the latest FRS 102 changes? Our health check tool helps you identify risk and provides practical next steps personalised to your business.
How S&W can help
Expert advice can help you understand the impact of a transaction on key metrics and financial statements, evaluate available choices and alleviate pressure on finance teams.
S&W’s financial accounting advisory services provide businesses with both regular support and expert advice for unfamiliar or difficult situations.
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Day-to-day support
Through an on-call service for ad hoc queries
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Event driven projects or secondment style arrangements
For specific assignments, providing support to technical and resource-constrained finance teams
Accounting and assurance support
- Consulting services for complex accounting issues
- Transaction accounting support and advisory, including accounting implications and journal entries linked with business combinations, reorganisations, disposals and purchase price allocations
- New accounting standards advice, including impact assessments, transition options advice, and implementation plan development (IFRS 9, IFRS 15, IFRS 16)
- GAAP selection and conversions (FRS 102 or IFRS)
- Historical financial information review for a listing process
- Accounting policies development and review
- Preparation of consolidation models
- Cash flow preparation
- Assurance and agreed upon procedures
Financial reporting support
- Year-end and month-end financial statement close processes
- Disclosure note drafting
- Support with front-end narrative reporting (such as directors and strategic reports)
- Technical accuracy reviews of financial statement to identify potential issues
- KPI development and assurance
- Competitor benchmarking
Governance and control environment support
- Corporate governance code selection and application (UKCG code, QCA code)
- Control and process reviews
- Control recommendations
- Quantification of errors arising from control environment failures
Our credentials
- 145
- years supporting businesses and private clients across the UK and Ireland
- Dedicated
- Longstanding relationships to support clients’ business and personal interests throughout the business lifecycle
- Insightful
- Our experts are regular contributors on issues in the national and trade press with in-depth and well-informed commentary
Article
Technology businesses thrive on disruption, but how will the FRS 102 changes impact the sector?
Technology businesses have, arguably, long been used to a frantic way of operating, prone to valuation fluctuations and rapid levels of growth or decline. However, with FRS 102 heavily impacting numerous sectors, is the tech sector in good stead to soften the impacts of the changes or, ultimately, will it be more vulnerable?
Article
AI can draft the paper. Management owns the judgement
AI is transforming technical accounting: reviewing contracts, identifying relevant accounting standards and generating draft assessments in a fraction of the time traditionally required. However, is using AI to draft accounting papers really viable?
Article
FRS 102 changes to the energy sector: What you need to know
The Financial Reporting Council's substantial amendments to FRS 102 are likely to have a significant impact on entities operating in the renewable energy sector. That includes battery storage service providers, renewable energy generators, network operators and those who trade in energy products.
Get in touch
Let our expert accounting advisors navigate complexities and create opportunities in your business. Get in touch today with Dominic Longley, Partner in Accounting and advisory.
