There are several methods to implement DWT. But lifting scheme is preferred because it reduces the computational complexity and is easy to implement. 9/7 filter coefficient are used in lifting scheme since they are originally implemented in JPEG codec 2000. Much architecture were developed using lifting scheme. But the number of computations is more leading to less efficient architecture. As an existing work, CSD algorithm based parallel flipped lifting 2D DWT using dual-scan technique (CSDPF) is designed with the modified flipping scheme using Canonical Signed Digit(CSD) algorithm.In order to reduce the computations Flipping Structure for a Lifting based Discrete Wavelet Transform using Sub Expression Sharing (SES) is developed for image compression. To improve the computational efficiency, area and power requirements sub expression sharing technique is used. In the case where several multipliers are present in a network of operators, the savings is achieved by identifying common subexpressions and sharing the two most common subexpressions that is expected to save the number of additions. It reduces the arithmetic resources like shifter and adder in its implementation. Using SES method the number of computations is reduced to half of the total computations. Hence a computationally efficient architecture with area and power reduction by 32% and 5% respectively is designed. The various applications include fax transmission, satellite remote sensing, high definition television, storage and transmission of CT and MRI scans etc.