A survey of senior business professionals.
The balance sheets of retailers are being radically transformed by the new international accounting standard IFRS 16 Leases, but its impact is being felt commercially by all retail stakeholders. The report helps retailers and external users of accounts to understand some of the important issues that will need to be addressed as the standard is implemented.
With some high-profile businesses hitting the rocks, it’s time to take a fresh look at how to head off crisis.
Retailers’ profit margins are addressed in this Audit insights: retail report as we focus on three key impact areas: changing business models; the living wage; and the volatility of foreign exchanges.
Guide to researching the food retail industry, including supermarkets and specialist stores. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Business rates are a major tax on business, but might be overlooked by accountants. They are excluded from the tax expense shown in accounts and might not be considered as part of tax planning. Find out more about the current UK business rates regime, including how rates are calculated and why is it hard to know exactly what a business owes.
Taxing business properties form an important part of the tax base for many countries, but they are often complex and in an increasingly online world can be irrelevant to an organisation’s turnover. The time has come to overhaul business property tax systems and here ICAEW outlines the options.
Accounting for leases (IFRS 16)
IFRS 16 prescribes a single lessee accounting model that requires the recognition of asset and corresponding liability for most leases.
The publication of IFRS 16 Leases has been demystified with the creation of an ICAEW guide.
Revenue recognition (IFRS 15)
IFRS 15 provides a single, principles-based five-step model that should be applied to determine how and when to recognise revenue from contracts with customers.
Developing your portfolio careerCome and join us at the Launch event for the Independent Advisers & Consultants Community, an evening seminar to gain practical tips on what portfolio working entails. Taking place from 6pm on the evening of 20 February 2019 at ICAEW's Chartered Accountants' Hall in London you will find out about popular portfolio roles for chartered accountants such as NED and consultancy FD roles as well as having a chance to pose your own questions to the speakers during a panel Q&A.
Resources to support insolvency practitioners in undertaking corporate personal insolvency appointments, providing information on: liquidations (voluntary and compulsory), company voluntary arrangements (CVAs), administrations and administrative receiverships.
View articles on business restructuring.
This R3 and ICAEW sponsored research carried out by Professor Peter Walton and Dr Lezelle Jacobs of the University of Wolverhampton and Chris Umfreville of Aston University was published in May 2018. The research looks at the outcome of the 552 CVAs started in 2013 and makes eight key recommendations.
The Chinese e-commerce giant is teaching British companies to tailor their products for Chinese consumers.
Arch disruptor Amazon is building physical stores – are there new opportunities ahead for bricks-and-mortar retail?
Several landlords and asset managers are forecasting another difficult 12 months for the UK retail market in 2019.