Accounting standards

Accounting / FRS 102: accounting for asset impairment and goodwill - tips and advice

In part 15 of this exclusive New UK GAAP series, Helen Lloyd FCA reviews accounting for impairment of assets and goodwill, highlighting key differences between the new FRS 102 Section 27 Impairment of Assets and former FRS 11 Impairment of Fixed Assets and Goodwill

Accounting / Lease taxation under IFRS 16 – part 2

In part two of our series on lease taxation under IFRS 16 Leases, the new accounting standard set to come into use in 2019, CCH tax specialist writer Paul Davies considers the pros and cons of HMRC's initial proposals for different variations on accounts based regimes using a leasing or capital allowance approach

Accounting / Harrison: accounting for defined benefit pension schemes sub-standard

Many UK listed companies face spiralling defined benefit pension deficits but what is truly disconcerting is the real difficulty in assessing the extent of these pension black holes using publicly available information. Matthew Harrison, managing director of Lincoln Pensions calls for a fresh approach to pensions reporting and disclosures

Accounting / Small business accounts: audit threshold exemptions - part 2

In the second of our exclusive series on small company accounting, Anne Cowley ACA discusses how small businesses need to revisit new audit exemption thresholds to avoid compliance problems

Accounting / IASB proposes minor amends to IAS 12, IAS 23, IAS 28

The International Accounting Standards Board (IASB) has released an exposure draft on proposed amendments to three International Standards for Financial Reporting (IFRS) - IAS 12, IAS 23 and IAS 28, as part of its annual review process

Accounting / IFRS 16 Leases: transition tips for implementation

The International Accounting Standards Board (IASB) has issued implementation advice for IFRS 16 Leases, a year after the leases standard was finalised, which will see radical change to the taxation treatment and accounting of leases on balance sheets, effective January 2019

Accounting / FRS 102: accounting for post balance sheet events – tips and advice

In part 14 of this exclusive new UK GAAP series, we will focus on new UK GAAP and accounting for reporting the post balance sheet events under section 32, highlighting key differences between FRS 102 and the old FRS 21 treatment

Accounting / IFAC releases guidance on use of integrated reporting

The International Federation of Accountants® (IFAC) has published a revised and updated policy paper on integrated reporting, setting out the key considerations for company reporters

Accounting / The year ahead: IFRS and regulatory challenges

The pace of regulatory change shows no sign of abating in 2017 and as a result, regulatory technology could well be a standout developmental theme for financial institutions this year, says Jeroen Van Doorsselaere 

Accounting / SEC chief calls for US commitment to IFRS convergence

Outgoing Securities and Exchange Commission (SEC) chair, Mary Jo White, is calling on the SEC to continue to pursue high-quality globally accepted accounting standards, such as integrated International Financial Reporting Standards (IFRS) to strengthen US markets

Accounting / FRS 102: related parties and directors’ remunerations – tips and advice

In part 13 of this exclusive new UK GAAP series, we will focus on new UK GAAP and accounting for related parties and directors’ remunerations under section 33, highlighting key differences between FRS 102 and the old UK GAAP treatment

Accounting / Countdown to IFRS 9 and IFRS 15 starts

With one year to go until the effective date for sweeping changes to accounting rules with the introduction of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers, the International Accounting Standards Board (IASB) has issued a recap on key changes and compliance costs

Accounting / Accounting updates: Jan 2017

In this month’s roundup of developments in accounting and financial reporting, FRC clarification on what constitutes 'true and fair', FRS 101 amended to align with IFRS 16 Leases, FCA to tighten crowdfunding regulations

Accounting / FRS 102: accounting for leases – tips and advice

In part 12 of this exclusive new UK GAAP series, we will focus on new UK GAAP and accounting for leases under section 20, highlighting key differences between FRS 102 and SSAP 21

Accounting / Lack of independence threatens future of FRC, claims PIRC

Corporate governance and shareholder advisory consultancy PIRC has accused the Financial Reporting Council (FRC) of not adhering to the law and failing to operate wholly independently from the accounting profession, and claims the regulator is ‘unsupportable’ in its current form
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