Financial reporting
Pension disclosures in company accounts face intense scrutiny from shareholders and potential investors which means the risks to companies of understating or over-reporting pension commitments are more acute than ever before.
Helping employers take assumption decisions
Punter Southall’s Employer Consulting team provides commercially focused advice to help businesses take decisions on assumptions, before producing the necessary disclosures on the company accounts.
Benchmarking assumptions
We also appreciate that the choice of assumptions is influenced not only by the nature and term of the liabilities, but also by emerging market practice. Our team regularly surveys assumptions used by FTSE 350 companies and uses this data to benchmark your proposed assumptions against the range for your sector and for the entire index.
Understanding the future accounting impact of pension decisions
To help sponsoring employers understand the accounting impact of their pension decisions, our ProFit tool projects the company balance sheet and profit and loss pension entries for up to ten years. This technology demonstrates the future accounting implications of today’s pension decisions and allows for greater preparation in the case of extreme financial events.
Our accounting disclosure service includes:
- Advice on disclosures under both UK and international GAAP (generally accepted accounting principles)
- Guidance on assumptions including benchmarking against other companies
- Projection of future balance sheet and profit and loss figures under different scenarios
- Consolidation of disclosures for all companies in your (multinational) group
- Advice on the implications of proposed changes to accounting and financial reporting standards.
For further information, contact Peter Black by email or on 01483 540 300.
