Corporate Reporting – Introduction
The pension costs and liabilities disclosed in company accounts are coming under ever-increasing scrutiny from investors, regulators and the public. A full understanding of the key parameters that drive the pension accounting figures will be critical to many companies.
We provide clients with a full range of services in all areas of accounting for employee benefits. Our focus is on supporting finance directors and their departments in preparing UK GAAP figures under FRS17, international accounting figures under IFRS; and a wide range of overseas GAAP figures, including US GAAP. Beyond pension benefits, we advise on accounting for post-retirement healthcare plans, employee share plans, and other benefit arrangements.
Yet we see our role as more than simply crunching numbers and answering technical accounting queries. We invest significant time understanding our clients' objectives, so that we can foresee their requirements. In this way, we add value through tailored, commercially focused advice and identify early warning signs for issues before they arise.
We explain the relevant issues to our clients and help them to understand the impact of benefits plans on their accounts. This ensures that our clients appreciate how the pension cost will react to various circumstances.
LCP also prepares an annual survey of the pension disclosure notes prepared by each of the companies in the FTSE 100 and the European Dow Jones STOXX50SM index. Click here for a copy of our survey.
