Financial Reporting

Financial Reporting Advisory Services at Bishop Fleming Chartered Accountants

Navigating the complexities of financial reporting has become increasingly challenging for businesses, given the rising tide of legislation and the many aspects of UK and International GAAP to consider.

At Bishop Fleming, we provide expert financial reporting advisory services to help businesses navigate complex accounting and corporate restructuring scenarios under UK GAAP and IFRS.

Our focus is on technical accuracy under UK GAAP and IFRS, practical implementation, and compliance with UK Company law. We are a trusted partner capable of delivering efficient and high-quality financial reporting and accounting services that comply with evolving legislation, which allows better decision-making, compliant and on-time financial statements, allowing you to focus on your strategy.

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Tailored solutions for your business

Whether you're an owner-managed business, SME, or large enterprise, our solutions are tailored to align with your business goals and address your challenges. These include changes to your accounting framework, company restructuring, acquisitions and disposals, corporate reporting, and ESG reporting.

We understand the importance of transparency in assessing your financial position, and our services are designed to deliver clear, timely insights into your financial and accounting landscape.

FRS 102 is changing, bringing key accounting changes businesses need to know. Read our latest insight: Changes to UK financial reporting standards, to understand the impact on your business.

Our specialists can assist with:

Consolidated Financial Statements – the preparation and advisory of UK GAAP consolidated accounts and IFRS accounts. For non-audit clients we can assist with the workings.
Accounting Standard Changes - implementation support for evolving UK GAAP standards, include FRS 102 changes on revenue and leases. The work we can carry out for non-audit clients can be detailed and comprehensive.
Business Combinations - assessing whether a transaction should be consolidated using merger or acquisition accounting under UK GAAP and IFRS which can be tricky but has a material impact.
Group Reorganisations - advising on the accounting treatment at an entity level, including the nuances of company reliefs under the Companies Act 2006, ensuring that the correct value is stated and that there have been no unlawful distributions of value.
Debt v Equity Classification - analysing financial instruments to ensure the appropriate presentation in the financial statements for example whether they are a liability, equity or a compound instrument and whether they have been discounted correctly.
Distributable Reserves Reviews - ensuring companies avoid unlawful dividends through robust reserves analysis as some intra-group transactions create profits which may not be distributable.

We offer flexible reporting solutions to meet the ever-changing requirements of your business. Our team ensures that your financial and narrative reports are compliant and align with your specific needs.

Ease the burden of compliance with our expertise in iXBRL tagging of accounts and the submission of audited accounts to Companies House. We ensure that your statutory accounts meet regulatory standards and are filed accurately and on time

Bishop Fleming’s ESG services team helps your business stay ahead of evolving regulations, focus on what truly matters, and transform sustainability into a competitive advantage with clear reporting, risk management, and new growth opportunities.

Find out more about our ESG services here.