IFRS Accounts Preparation

International Financial Reporting Standards (IFRS) accounts preparation for companies required to report under IFRS, including listed companies, subsidiaries of international groups, and entities with international operations. Our team has extensive experience in IFRS compliance, ensuring your accounts meet international reporting standards while optimising presentation and disclosure requirements.

Who Needs IFRS Accounts?

IFRS accounts are required for certain types of companies and entities:

Listed Companies: Companies listed on UK stock exchanges or international stock exchanges
Subsidiaries of International Groups: UK subsidiaries of international parent companies that report under IFRS
Entities with International Operations: Companies with significant international operations or subsidiaries
Companies Choosing IFRS: Companies that choose to adopt IFRS voluntarily for consistency with international standards

IFRS Accounts Preparation Services

Full IFRS accounts preparation in accordance with International Financial Reporting Standards
IFRS-compliant financial statements including statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows
IFRS disclosure requirements including accounting policies, notes to the accounts, and other required disclosures
IFRS consolidation for groups of companies, including elimination of intercompany transactions and consolidation adjustments
IFRS transition services for companies moving from UK GAAP to IFRS
IFRS compliance reviews and assurance on IFRS reporting

IFRS Standards Expertise

Our team has extensive experience in applying key IFRS standards:

IFRS 10 (Consolidated Financial Statements): Expertise in consolidation requirements for groups
IFRS 15 (Revenue from Contracts with Customers): Revenue recognition under IFRS 15
IFRS 16 (Leases): Lease accounting under IFRS 16
IAS 1 (Presentation of Financial Statements): Financial statement presentation requirements
IAS 36 (Impairment of Assets): Asset impairment testing and accounting
IAS 38 (Intangible Assets): Intangible asset recognition and measurement

IFRS vs UK GAAP

Understanding the differences between IFRS and UK GAAP is crucial for companies considering or required to adopt IFRS:

IFRS is principle-based, while UK GAAP (FRS 102) is more rule-based
IFRS has more extensive disclosure requirements than UK GAAP
IFRS may result in different accounting treatments for certain transactions
IFRS is required for listed companies and certain regulated entities

Why Choose Acumon for IFRS Accounts?

Extensive experience in IFRS accounts preparation across diverse industries
Deep understanding of IFRS standards and their practical application
Expert knowledge of IFRS consolidation requirements for complex group structures
Efficient, accurate preparation that meets regulatory deadlines
Clear, transparent reporting tailored to your stakeholders' needs
Ongoing support and advice on IFRS matters and regulatory changes

Integration with Other Services

Our IFRS accounts preparation services integrate seamlessly with our other services:

IFRS Audit Services - IFRS-compliant audits for IFRS accounts
Consolidated Accounts Preparation - IFRS consolidation for groups
Accounts and Bookkeeping Services - Supporting bookkeeping for IFRS reporting
Tax Advisory Services - Tax planning aligned with IFRS reporting

IFRS Accounts Preparation London