Accounting advisory Accounting advisory Accounting advisory

Significant accounting issues can arise when companies conduct mergers, acquisitions, divestitures, financial assets transfers, investments, financings, leasing (including aircraft leasing), and other transactions. Making sure that your accounting treatment is correct and your financial statements compliant is an on-going process as your business undergoes change and the industry evolves. Managing these changes on your own can be overwhelming however our team of technical accounting experts are on hand to help you navigate and address the accounting implications.

We assist with the preparation of carve-out financial statements, group re-organisations and help address other accounting and financial reporting issues for every stage of the divestiture, spin-off, sale, debt offering or IPO process.

IFRS 17 came into effect since 1 Jan 2023 and will bring about fundamental changes to insurance accounting. Users of financial statements can expect increased transparency on the profitability of new and in-force business – offering greater insight into insurers' financial health than ever before.

Implementing a major new standard inevitably presents challenges and substantial effort is required to ensure that you and your business will be well prepared for 2023.

Detailed planning for IFRS 17 is critical and we can support you through this period of change by working with you to help you understand the impact of this complex accounting standard on your business and supporting you with implementation challenges.

We can assist with all aspects of restructuring implementation. We can devise an efficient group structure, which rationalises your legal entities by eliminating the redundant ones – saving costs, increasing efficiency and reducing risk for directors. And we can review documentation, provide technical accounting guidance, present the plan to internal stakeholders, and liaise with external specialists such as tax and legal advisors.

We assist clients with purchase accounting, including business combination and consolidation accounting, pro forma financial statements, and integration of finance functions.

We provide advice regarding complex issues such as developing clients’ position on technical accounting considerations, determining fair values for the acquired assets and liabilities, analysing key post-deal GAAP and non-GAAP reporting metrics, and supporting purchase price adjustments.

We lead IPO readiness assessments, guide the creation of historical, pro forma, and selected financial data in compliance with listing requirements.

A record number of special purpose acquisition company (SPAC) transactions are currently taking place. SPAC mergers aren’t simple and understanding all their financial reporting intricacies can be daunting. KPMG can assist you through this process.

We can assist with the conversion from one accounting basis to another, including conversions from local GAAP to International Financial reporting standards, and with the implementation of new or revised accounting standards.

We provide financial reporting restatement support services in a variety of contexts, including: correcting previously reported errors, misinterpretations, or misapplications of financial reporting standards, addressing errors or irregularities arising from an audit committee investigation, reflecting changes that require retroactive treatment and addressing the impact of corporate realignments on segment reporting.

In today’s increasingly complex operating environment driven by political, economic and regulatory uncertainty, corporate treasuries play an integral role in managing financial risk and advising on key strategic decisions. We can help with treasury management and commodity & trading risk management.