Financial reporting and balance sheet

Ensure Compliance with Financial Reporting Standards

At Hickman Shearer, we provide accurate and robust asset valuations that meet International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) accounting standards, enabling you to:

• Verify or restate capital asset book values
• Allocate purchase prices between tangible assets, intangible assets, and goodwill for acquisitions

Supporting Financial Reporting with Asset Valuations

Business valuers and auditors trust Hickman Shearer to understand the different accounting standards and apply industry accepted best practice when calculating fair values to support financial reporting.

Asset valuations of property, plant and equipment assets (PP&E) are guided by relevant standards including:

• IFRS 13: Provides guidelines for measuring fair value.
• IFRS 3: Governs business combinations, requiring PP&E assets and inventory to be measured at fair value on the acquisition date.
• IAS 2 and 16: Offer guidelines for valuing inventory and PP&E.
• UK FRS 102 (Section 11 and 17): Replaces UK GAAP, providing specific guidance on fair value and PP&E valuation.

Our Commitment to Quality

Understanding capital asset valuation issues requires insight, expertise and experience. Hickman Shearer is an RICS regulated firm, employing highly qualified RICS professionals with a proven track record of providing asset owners and their advisors with:

• Robust and relevant asset valuations
• Detailed market analysis
• Technical guidance and impartial, authoritative advice

Our globally recognised standards ensure a trusted and consistent approach, making us a reliable partner for your valuation needs.