Consultations

Accounting / FRS 102: three-year review proposes revisions to directors' loan accounting

In the first triennial review of new UK GAAP, the standard setter is considering changes to reporting of directors’ loans, investment property and the definition of financial instruments. Anne Cowley ACA assesses the proposals and impact on company reporters

Accounting / IASB consults on improvements to disclosures in financial statements

The International Accounting Standards Board (IASB) is consulting on future steps to improve the quality and effectiveness of disclosures in financial statements with a view to overhauling IAS 1 Presentation of Financial Statements

Accounting / IASB consults on IFRS 8 Operating Segments review

The International Accounting Standards Board (IASB) is consulting on proposals to make minor amends to IFRS 8 Operating Segments, with a new requirement to disclose the title and role of the influential decision maker

Accounting / IAS 34 consultation hints at earlier interim segment reporting

The International Accounting Standards Board (IASB) is to amend IAS 34 Interim Financial Reporting to tweak reporting dates to require companies that change their segments to provide restated segment information in the first interim report after the change

Accounting / FRC proposes simplifications to FRS 102 to cut costs

The Financial Reporting Council (FRC) is consulting on proposals to make some significant changes to FRS 102 to clarify loan definitions and alter the market definition of some directors loans 

Accounting / Marshall: time for transparency on judgments and estimates

Investors want financial statements to clearly explain the judgments and estimates made, but companies often obscure the detail. Andrew Marshall FCA, senior technical partner at KPMG, considers whether the latest FRC thematic review will improve the situation

Accounting / Climate change reporting will increase length of annual reports

Enhanced climate-related disclosures would make climate change a boardroom issue, but must not mean annual reports become less useful to investors as the volume of information increases, ICAEW has warned

Accounting / FRS 102: reporting distributable profits and dividends – part 2

Under FRS 102, reporting distributable profits has been overhauled, but how does this affect companies, asks Barbara Griessner, a director of technical accounting at KPMG

Accounting / FRS 102: reporting distributable profits and dividends - part 1

Accounting for intragroup loans, distributable profits and dividends is still a grey area under new FRS 102 accounting rules. Sarah Perrin ACA talks to accounting experts about current practice and the timeline for the release of the long-awaited ICAEW/ICAS guidance note to clarify reporting requirements

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 / 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 / EFRAG calls for more guidance on asymmetry in Conceptual Framework

​​The European Financial Reporting Advisory Group (EFRAG) is calling on the International Accoutning Standards Board (IASB) to include directions for the use of asymmetry in the revised Conceptual Framework due to be finalised by July 2017

Accounting / Snapshot: how has accounting changed for LLPs under New UK GAAP?

Limited liability partnerships (LLPs) have always had two sources of primary accounting guidance: accounting standards and the LLP SORP, the latter updated to be consistent with FRS 102 Financial Reporting Standard applicable in the UK. Anne Cowley ACA, CCH senior technical writer, and Helen Lloyd FCA give a snapshot of significant changes

Accounting / Hike in goodwill impairment across Europe, says EFRAG

The amount of goodwill recognised across European companies is increasing rapidly, with a jump from €935bn (£818bn) in 2005 to €1.341bn in 2014, representing an increase of 43% over a seven-year period, particularly in telecoms and the financial services sectors

Accounting / FCA plans to extend senior managers' regime to non-executive directors

The Financial Conduct Authority (FCA) plans to consult on a series of measures to reinforce the importance of individual accountability at the most senior level of financial institutions just six months after the implementation of the Senior Managers’ and Certification Regime, with plans to extend the rules to non-executive directors
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