Services
Financial Reporting Advisory
Navigating the complexities of UK GAAP and IFRS with expert advisory designed to support Finance Directors and business owners in an evolving regulatory landscape.
The value of specialist Financial Reporting
In a complex financial environment, your statutory accounts are more than a compliance obligation; they are a reflection of your business's health and a key tool for stakeholder engagement.
As accounting standards become more rigorous - particularly with the recent updates to FRS 102 which became effective 1 January 2026 - internal finance teams often face a "technical gap." Our Financial Reporting Advisory service bridges that gap, providing the high-level expertise required to manage complex transactions while allowing your team to remain focused on day-to-day operations.
Why Choose Armstrong Watson?
In an increasingly complex regulatory landscape, you need more than just a service provider; you need a partner who understands the nuances of your financial data.
Practical experts, not just theorists:
We don’t just quote the manual; we provide pragmatic solutions that work for your specific business model.
A technical bridge:
We speak the language of auditors. By preparing your technical files in advance, we minimise audit friction and potential adjustments.
Forward-looking guidance:
We don't just report on the past. We help you model the impact of future accounting changes on your balance sheet and bank covenants.
Integrated support:
Our reporting specialists work alongside our other specialist teams to ensure your accounts are optimised for every area of your business.
Navigating the 2026 reporting landscape
The 2026 reporting cycle represents a significant shift for UK businesses reporting under UK Accounting standards. The alignment of FRS 102 with international standards regarding Leases and Revenue means almost every balance sheet will change.
FD Insight: The move to "on-balance sheet" lease accounting can significantly alter key performance measures and ratios such as EBITDA, gearing and interest cover. We help you communicate these changes to your lenders and stakeholders on a timely basis.
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Frequently asked questions
Explore our frequently asked questions for expert insights into navigating the 2026 accounting standard changes and how our specialist reporting services can support your business.
Since leases are now recognised as liabilities on the balance sheet, your debt-to-equity and EBITDA ratios may change. We recommend you discuss the impact of these changes with your lenders and how any debt covenants will be assessed.
Yes. We manage the entire conversion process, including the "opening balance sheet" adjustments and the required reconciliations, ensuring a seamless transition for your investors.
Get in touch
Get in touch to speak to one of our specialist advisers and explore how we can help you.
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What our clients say
We're committed to delivering the best client experience. Hear from those who have worked with us and discover how we've helped them achieve their goals.
Following the successful completion of our second audit with Armstrong Watson, I can confidently say they have become a trusted adviser to our business. Their professionalism and integrity are evident throughout every stage of the audit process, underpinned by a great team and strong systems. Throughout the engagement, the team has been approachable, responsive, and collaborative, taking the time to understand our business and provide valuable insight where needed.
Most importantly, we always feel valued as a client. Their ability to build trusted relationships make them an excellent audit partner, and we look forward to continuing to work with them in the future.
A special mention should go to Anna Pickup, who has become my first port of call for technical accounting queries. Her pragmatic, commercially aware advice is hugely appreciated, and her ability to provide clear, practical guidance adds real value beyond the audit itself.
Becky Marshall
Chief Financial Officer, Fleetondemand
