Financial Reporting

Related to audit and assurance is our Financial reporting advisory services. Companies need flexible and tailored support to help them to cope with the increasing demands of complex accounting standards in Nigeria and internationally.

JKR & Co specialist Financial Reporting Advisory team helps companies / organisations cope with International Financial Reporting Standards (IFRS). Our team has strong technical expertise in a variety of challenging, financial and narrative reporting matters and provides accounting advice on both small and large projects.

2007 was a year of change for listed companies as they came to terms with the challenges of reporting under International Financial Reporting Standards (IFRS) for the first time.

In addition, many non-traded companies are voluntarily choosing to adopt IFRS either to facilitate group reporting or to adopt the same standards that listed companies use, possibly in advance of a future floatation.

Our Financial Reporting Advisory team has experience advising listed companies on IFRS adoption over the last few years and can help a wide range of businesses ranging from young, venture capital-backed start-ups to well-established, mature organisations looking to expand meet this challenge.

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For companies looking to convert, we provide an IFRS impact assessment, a project management template, preparation of an IFRS accounting policies manual, group reporting and accounts preparation, IFRS disclosure checklists and general and specific technical advice and training.

For those companies / organisations that have already converted, we advise on current best practices in order to ensure that your financial statement disclosures are robust enough to withstand scrutiny, whether it be from shareholders, regulators or analysts.

We Advise on:

accounting for financial instruments and optimal hedging structures

share option valuations and associated accounting issues under FRS 20 (IFRS 2)

IFRS 3 Business Combinations, including brand valuations and impairment reviews

narrative reporting

Our team has access to experienced technical trainers who provide tailored courses to guide finance teams through the complexities of accounting requirements under either IFRS or UK GAAP and Nigerian Accounting Standards.

We've worked with some of the biggest brands