Financial Reporting

Technical accounting and disclosure support under IFRS, US GAAP, UK GAAP and relevant listing rules

I work with CFOs and Group Financial Controllers on complex and sensitive reporting matters, from financial instruments and lease accounting to M&A transactions, listings and regulatory reporting.

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Technical focus

Technical accounting

  • IFRS, US and UK GAAP

  • Presentation and disclosures (IFRS 18)

  • Financial instruments, hedge accounting and expected credit losses

  • Revenue recognition

  • Lease accounting

  • Goodwill, intangibles, M&A and disposals

  • Provisions and regulatory matters

  • Defined benefit pensions accounting

Transactions and listings

  • SEC, UK and Hong Kong listing rules

  • Mergers, disposals and restructures

  • Goodwill, intangibles and impairment

  • IPO and listing readiness on UK and US markets

  • Preparation of historic financial information and prospectus support

  • Due diligence and transaction support

Work I’ve delivered

  • I provided group-wide technical accounting guidance and transaction advice across IFRS, US and UK GAAP, including the disposal of the UK Gas Distribution business and the UK’s first ‘sectionalisation’ of a defined benefit pension scheme.

    I led the implementation of new accounting standards over revenue (IFRS 15 / ASC 606), lease accounting (IFRS 16 / ASC 842) and financial instruments (IFRS 9).

  • As Group Financial Controller of Perfect Moment, I prepared critical sections of the prospectus and managed the US GAAP conversion of historic financial information (from UK and HK GAAP).

    I implemented a robust financial control environment aligned to COSO Internal Controls over Financial Reporting (ICFR) framework.

  • I led the accounting determination for critical transactions which resulted in substantially improved distributable profits to the US parent, contributing to a 25% increase in stockholder dividends. I provided technical accounting advice under IFRS and US GAAP for:

    • Hedge accounting

    • Asset transfers

    • Business combinations and acquisitions

    • Insurance contract revenue recognition

    • Deferred acquisitionn costs

    • Defined benefit pension schemes accounting

  • While working in RSA’s technical accounting team, I was invited by the Interim Group CFO to rescue the Solvency II reporting programme. The programme was circa 21 months behind schedule and team morale was low. I identified process efficiencies and optimised reporting timetables to accelerate Pillar 3 reporting from 12 weeks to 2.5 business days through two quarterly dry runs, improving both team culture and embedding efficient processes.

If you need a second opinion on a complex accounting issue or support for a transaction or listing, please get in touch for an initial discussion.

Contact me