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.
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.
ICAEW has reiterated the importance of IFRS, the need for IASB to be both proactive and agile, and that interaction with the proposed new International Sustainability Standards Board is vital.
What does the rise in Environmental, Social and Governance reporting mean for property investors when there is no internationally recognised standard approach? And what changes are expected in the coming months and years?
With the peak filing month of September drawing to a close, Companies House says more streamlined ways to file digitally have helped boost the proportion of annual accounts filed electronically.
The Financial Reporting Council has urged companies to step up their efforts on climate-related disclosures for Streamlined Energy and Carbon Reporting rules, which came into effect from 1 April 2019.