Financial Reporting

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 further waves of change expected in the coming years.

Key topics include:

• Financial instruments

• Revenue recognition

• Leases

Many of these changes also apply for entities who adopt UK Generally Accepted Accounting Principles (GAAP). The standards convergence process is well under way with the introduction of amendments to FRS 102 for periods beginning on or after 1 January 2026.

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 also 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.