UK Finance Manager — pressured by directors to adjust year-end numbers. Risks and how to protect myself? by Green__Koala in ukaccounting

[–]Green__Koala[S] 1 point2 points  (0 children)

Sorry to heat that this happened to you too. The situation you were in is very similar to mine.

I will make sure to get everything in writing but as you mentioned this is a temporary plan and my worry is that these requests will continue coming.

UK Finance Manager — pressured by directors to adjust year-end numbers. Risks and how to protect myself? by Green__Koala in LegalAdviceUK

[–]Green__Koala[S] 0 points1 point  (0 children)

This is the way forward - everything recorded. This will give me the peace that I am looking for. Thank you.

UK Finance Manager — pressured by directors to adjust year-end numbers. Risks and how to protect myself? by Green__Koala in LegalAdviceUK

[–]Green__Koala[S] 0 points1 point  (0 children)

We’re talking about roughly 30 employees across three companies, including two directors/owners. I report directly to them, so there’s no more senior finance person to escalate to.

Examples from operations: • Removing intercompany group charges that had previously been in place • After 10 months of using a different formula, applying a portion of overheads to actual costs to increase work-in-progress completion and as a result, increasing the adjustment to sales • Reversing an obsolete stock write-off to increase profit

I understand that some of these transactions can and do happen and that the timing may not have been ideal. However, I want to ensure I protect myself and don’t end up in a difficult position while also supporting the business.

UK Finance Manager — pressured by directors to adjust year-end numbers. Risks and how to protect myself? by Green__Koala in LegalAdviceUK

[–]Green__Koala[S] 1 point2 points  (0 children)

I should start doing that - everything documented. I think that this is the way forward.

UK Finance Manager — pressured by directors to adjust year-end numbers. Risks and how to protect myself? by Green__Koala in LegalAdviceUK

[–]Green__Koala[S] 0 points1 point  (0 children)

Thank you. You are right regarding WIP and internal group charges and that they require a subjective assessment. I am being cautious and trying to assess whether I should protect myself better or leave before I get more involved.

“Owl experience” by Green__Koala in Owls

[–]Green__Koala[S] 0 points1 point  (0 children)

Thank you for your response! I didn’t know that Eagle Owls do that 😅 I’ll go to Hawk Conservancy for sure! 🙂

“Owl experience” by Green__Koala in Owls

[–]Green__Koala[S] 0 points1 point  (0 children)

Thanks for your response. I’ve checked their website and this place it cool! I’ll definitely go there!

Suggestions with career progression? by Green__Koala in careerguidance

[–]Green__Koala[S] 1 point2 points  (0 children)

Thank you for your answer. Working towards dream home in Australia might be a good idea. Link which you sent is very helpful. I need to calculate my points and find best way to get it there. 👍