Highlights of the latest guidance published by the Financial Reporting Faculty as well as news and insights on current developments in financial reporting.
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This factsheet highlights new and modified requirements for preparers of UK GAAP accounts for accounting periods beginning on or after 1 January 2021.
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The end of the transition period brought into effect changes in company law that have an impact on the preparation of the annual report and accounts. This guide outlines some of the practical implications.
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This guide outlines the accounting requirements under FRS 102 when loan contract terms are renegotiated together with illustrative examples.
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This factsheet provides an overview of IFRS 16 together with practical tips and examples. It has been updated for recent amendments.
Factors to consider when preparing financial statements – updated for 2020 and early 2021 year ends.
While the impetus for non-financial disclosures is growing, there needs to be some harmonisation of standards if it’s going to work.
More than 50% of chartered accountants feel their organisation is equipped to meet the government’s target of net zero carbon emissions by 2050, with two-thirds feeling their organisation had been implementing TCFD actions, a new ICAEW survey has found.
Accounting for Sustainability was established by the Prince of Wales to transform finance and embed sustainability in business. For its Executive Chairman, leadership means taking action but also taking others with you.
HM Treasury has published its roadmap for the transition to a greener financial system. Importantly for the accountancy profession, it sets out plans for implementing sustainability disclosures.
The Financial Reporting Council has published the findings of its review into IAS 37 ‘Provisions, Contingent Liabilities and Contingent Assets’, which has been identified as a frequent problem area.
An FRC review of Alternative Performance Measures by UK listed companies has warned that their context needs to be better explained amid concerns that profit-based measures tend to be more favourable than their GAAP results.
Figures from the latest gender pay gap report show a narrowing in some sectors, but little overall change from previous years. How has the accountancy profession fared when it comes to closing the gap?
The UK government aims to lead on mandating climate-related financial disclosures and adopting international sustainability reporting standards but acknowledges requirements must not be excessively costly or onerous for business, says Lord Callanan.
Companies need to do a better job of providing more consistency between front-end and back-end reporting in their annual financial statements if they are to engender trust with stakeholders and tap into the burgeoning appetite among investors for opportunities to invest.
Implementing the UN Sustainable Development Goals is no mean feat, but progress must be made. Josette Caruana talks us through the work she is doing with Giovanna Dabbicco on the Global Reporting Initiative, and its relevance for the achievement of SDGs.