The increasing complexity of financial reporting and the rapid pace of change has led to a significant increase in demand for expert accounting advice.
The financial reporting challenge is driven by developments in International Financial Reporting Standards (IFRS), with significant changes across many areas starting from the year 2009, and further waves of change expected in the coming years.
Key topics include:
- Financial instruments
- Segment reporting
- Borrowing costs
- Share-based payment
- Business combinations
Many of these changes also apply for entities continuing to adopt UK Generally Accepted Accounting Principles (GAAP) and the standards convergence process is also well under way.
Our focus is to provide technical accounting advice to our clients that is practical and commercially astute.
BDO has considerable depth of knowledge across all forms of financial reporting, including UK GAAP and IFRS. We can draw on the experience of our colleagues globally to help ensure that your financial reports are compliant and truly reflect the business of your company.