020 8567 3451 mail@acumon.com
ICAEW Registered Auditors  ·  90+ UK-Based Experts

IFRS Accounts

IFRS reporting without the headaches — accounts that satisfy auditors, regulators and overseas parents, prepared by specialists who work in both IFRS and UK GAAP every day.

Speak to a Specialist Call 020 8567 3451

We prepare accounts under UK-adopted IFRS for listed companies, UK subsidiaries of international groups and businesses that choose IFRS for comparability with global peers. IFRS is disclosure-heavy and judgement-rich: revenue recognition under IFRS 15, lease capitalisation under IFRS 16 and impairment testing under IAS 36 all demand real technical skill. Our team handles these daily, and because we also work extensively in FRS 102 and FRS 101, we manage conversions between frameworks smoothly in either direction.

Who Needs IFRS Accounts?

- Listed Companies: Companies listed on UK stock exchanges or international stock exchanges - Subsidiaries of International Groups: UK subsidiaries of international parent companies that report under IFRS - Entities with International Operations: Companies with significant international operations or subsidiaries - Companies Choosing IFRS: Companies that choose to adopt IFRS voluntarily for consistency with international standards

IFRS Accounts Preparation Services

- Full IFRS accounts preparation in accordance with International Financial Reporting Standards - IFRS-compliant financial statements including statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows - IFRS disclosure requirements including accounting policies, notes to the accounts, and other required disclosures - IFRS consolidation for groups of companies, including elimination of intercompany transactions and consolidation adjustments - IFRS transition services for companies moving from UK GAAP to IFRS - IFRS compliance reviews and assurance on IFRS reporting

IFRS Standards Expertise

- IFRS 10 (Consolidated Financial Statements): Expertise in consolidation requirements for groups - IFRS 15 (Revenue from Contracts with Customers): Revenue recognition under IFRS 15 - IFRS 16 (Leases): Lease accounting under IFRS 16 - IAS 1 (Presentation of Financial Statements): Financial statement presentation requirements - IAS 36 (Impairment of Assets): Asset impairment testing and accounting - IAS 38 (Intangible Assets): Intangible asset recognition and measurement

GAAP Conversions and Group Reporting Packs

Moving between frameworks is a project, not a formality. We manage: - First-time adoption of IFRS (IFRS 1), including transition adjustments and restated comparatives - Conversions from IFRS back to FRS 102 or FRS 101 where a group restructure makes UK GAAP simpler - Monthly or quarterly group reporting packs for overseas parents, mapped to the parent's IFRS accounting manual - Dual-GAAP reporting where local statutory accounts and group reporting use different frameworks

For UK subsidiaries of IFRS groups, FRS 101 often offers the best of both worlds: IFRS-consistent numbers with far fewer disclosures in the statutory accounts. We will tell you when that route saves time and fees.

IFRS vs UK GAAP

- IFRS is principle-based, while UK GAAP (FRS 102) is more rule-based - IFRS has more extensive disclosure requirements than UK GAAP - IFRS may result in different accounting treatments for certain transactions - IFRS is required for listed companies and certain regulated entities

Integration with Other Services

Our IFRS accounts services integrate with audit services, consolidated accounts preparation, accounts and bookkeeping, and tax advisory services.

What You Get With Acumon

  • Extensive experience in IFRS accounts preparation across diverse industries
  • Deep understanding of IFRS standards and their practical application
  • Expert knowledge of IFRS consolidation requirements for complex group structures
  • Efficient, accurate preparation that meets regulatory deadlines
  • Clear, transparent reporting tailored to your stakeholders' needs
  • Ongoing support and advice on IFRS matters and regulatory changes

Why Acumon for IFRS Accounts?

  • ICAEW-registered firm of chartered accountants
  • UK-based team of 90+ staff serving UK subsidiaries of international groups
  • Works daily across IFRS, FRS 101 and FRS 102, enabling smooth conversions
  • Can provide fully qualified accountants and CFOs / Financial Directors for complex needs

Get a Fixed-Fee Quote

Tell us what you need and we'll come back within one business day with a clear scope and a fixed price — no hourly-rate surprises. Call 020 8567 3451 or use the form and we'll be in touch.

Common Questions

Frequently Asked Questions

Who is required to use IFRS in the UK?
Companies listed on UK regulated markets must use UK-adopted IFRS in their consolidated accounts. Beyond that, IFRS is typically adopted by UK subsidiaries of international IFRS groups (for consistency), by companies planning a listing, and by businesses whose investors expect internationally comparable figures. Most other UK companies are free to stay on FRS 102 — we advise which framework genuinely serves you.
What are the main differences between IFRS and FRS 102?
IFRS carries far heavier disclosure requirements and differs on key treatments: goodwill is impairment-tested annually rather than amortised, development costs and borrowing costs have different options, and financial instruments are more complex. FRS 102's 2026 update narrows the gap on revenue and leases, but IFRS remains the more demanding framework. We quantify the differences for your specific balance sheet before you commit.
What is FRS 101 and when should a subsidiary use it?
FRS 101 is the reduced disclosure framework: a qualifying subsidiary of an IFRS group applies IFRS recognition and measurement but omits many disclosures in its own statutory accounts. It keeps numbers aligned with the group consolidation while cutting the cost of the UK statutory accounts significantly. For most UK subsidiaries of IFRS parents, it is the pragmatic choice — and we prepare FRS 101 accounts routinely.
Can you convert our accounts from UK GAAP to IFRS?
Yes. We run full IFRS transition projects: identifying adjustments (typically leases, financial instruments, revenue, deferred tax and business combinations), restating the opening balance sheet and comparatives under IFRS 1, drafting new accounting policies and building the expanded disclosures. We also plan the tax consequences, because transition adjustments can affect taxable profits.
Do you prepare group reporting packs for an overseas parent?
Yes. We prepare monthly, quarterly or annual reporting packs mapped to your parent's chart of accounts and IFRS group accounting manual, meet group timetables, and liaise directly with group finance and auditors. The same team can produce your UK statutory accounts under FRS 101 or FRS 102 from the identical underlying data, so nothing is done twice.
Get in Touch

Ready to Sort Your IFRS Accounts?

Tell us what you need. Within one business day, a qualified accountant will be in touch to talk it through and give you a clear, fixed-fee quote — no obligation.

Visit us1-2 Craven Road, Ealing, London, W5 2UA

Speak to a Specialist

Fill this in and we'll come back to you within one business day.

No obligation. Your details stay private.
Call Now Get in Touch