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Financial Reporting Advisory Services at Bishop Fleming Chartered Accountants
Financial reporting is about more than compliance. Whether you’re managing a complex group structure, navigating FRS 102 changes, or preparing for a transaction, having the right accounting support can reduce risk, save valuable time and give you greater confidence in your reporting decisions.
At Bishop Fleming, we support CFOs, Finance Directors, business owners, and finance teams with complex accounting challenges under FRS 102, and IFRS, providing practical, technical accounting advice tailored to your business objectives.
Is your business ready for the FRS 102 changes?
The upcoming changes to FRS 102 are the biggest updates to UK GAAP in recent years, particularly around lease accounting and revenue recognition. Businesses with accounting periods beginning on or after 1 January 2026 should assess the impact now, as it will affect opening balances.
Our team can help you assess the impact, identify potential risks and prepare for implementation with confidence.
Share your details and we will arrange an initial conversation to understand how these changes may affect your business, provide some practical early guidance and identify where further Financial Reporting Advisory support could help.
When do businesses need Financial Reporting advice and support?
You may benefit from financial reporting advice if your business is experiencing significant change or facing complex accounting requirements, such as:
- Implementing FRS 102 changes
- Group reorganisation and simplification projects
- Private equity investment or refinancing
- Acquisitions and disposals
- Auditor scrutiny of complex accounting issues
- Rapid business growth supported by a developing finance team
- Year-end reporting pressures
- Dividend and distributable reserves considerations
By involving a Financial Reporting Advisor early alongside legal and tax, businesses can save time and approach important decisions with greater confidence.
How can Bishop Fleming help?
Preparing consolidated financial statements can be time-consuming and complex. Whether you're preparing group accounts for the first time or looking to improve an existing process, we can help streamline reporting:
- First-time consolidations
- Acquisition accounting (including Purchase Price Allocation calculations)
- Consolidated financial statements
- Intercompany balance reviews
Group reorganisations often have significant accounting implications alongside tax and legal considerations. We help businesses gain clarity:
- Assess the accounting impact of reorganisations
- Support tax-driven reorganisations
- Review distributable reserves
- Navigate Companies Act requirements
- Ensure accounting treatment is considered before transactions take place
When accounting becomes complex and time-critical, our specialists can assist with:
- FRS 102 implementation, including lease accounting and revenue recognition
- Technical accounting papers on topics such as
- Business combinations
- Debt versus equity classification
- Financial instruments
- Calculation of share-based payments financial reporting charges
- Distributable reserves reviews
Why choose Bishop Fleming?
When dealing with complex or unusual accounting issues, you need advice that's technically robust and commercially practical.
Our Financial Reporting Advisory team works closely with specialists across Tax, Audit, Accountancy and Advisory to provide joined-up advice that helps businesses navigate change, manage risk and make informed decisions.
Whether you're an owner-managed business, SME or large enterprise, we provide tailored support to help you meet reporting requirements and stay focused on your wider business goals. Delivered by experienced technical accounting partners and directors, our advice provides clear, practical solutions that can reduce year-end pressure, minimise audit issues and give finance teams access to specialist expertise when they need it most.
Speak to our Financial Reporting Advisory team today
Whether you're dealing with a technical accounting challenge, preparing for FRS 102 changes, or planning an internal or external transaction, our specialists can help you navigate it with confidence.
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