Accounting standards

IFRS

Accounting | FRS 102 & 105: impairment of assets - CPD module

In this month's exclusive Accountancy Daily CPD module, we focus on the accounting requirements for asset impairment covering the scope of FRS 102 and FRS 105, look into the specific requirements for the repairment of inventories and other assets, and then into goodwill and the reversal of impairment losses

2 Aug 2021

Accounting | FRC publishes report on Section 172 statements

The Financial Reporting (FRC) Lab has published its latest overview on reporting on stakeholders’ decisions, and Section 172 statements which outlines what investors want to see reported in these areas and provides examples from current reporting practice

20 Jul 2021

Accounting | A4S launches sustainability reporting guide

Accounting for Sustainability (A4S) has compiled a guide of the current 614 sustainability reporting requirements for 84 different countries to aid financial professionals with their sustainability and environmental, social, and governance (ESG) reporting

20 Jul 2021

Accounting | Impairment of assets for small entities under FRS 102

Steve Collings FMAAT FCCA explains impairment accounting and disclosure for small entities applying FRS 102:1A and the impact on the balance sheet

14 Jul 2021

Accounting | Accountancy profession needs to emphasise risk management

The accountancy profession needs to step up and drive adoption of enterprise risk management (ERM) to avert risk, says Association of Chartered Certified Accountants (ACCA)

8 Jul 2021

Accounting | IAS 37 and contingency reporting amidst Covid-19

Accounting under IAS 37, Provisions, Contingent Liabilities and Contingent Assets will have to consider the impact of covid-19 when preparing accounts, explain Steve Collings FCCA and Rachel Farris FCA, accounting and audit writer, Croner-i

30 Jun 2021

Accounting | FRC extends application period for accounting for Covid-19 related rent concessions

The Financial Reporting Council (FRC) has issued amendments to FRS 102 and FRS 105 – Covid-19-related rent concessions beyond 30 June 2021

10 Jun 2021

Accounting | FRS 102 & 105: Property, plant and equipment - CPD module

In this month's exclusive Accountancy Daily CPD module, we focus on the accounting treatment of property, plant and equipment under FRS 102 and FRS 105

2 Jun 2021

Accounting | FRC issues minor amends to FRS 101

The Financial Reporting Council (FRC) has issued minor amendments to FRS 101 – 2020/21 cycle, which brings to a close the 2020/21 annual review of FRS 101 Reduced Disclosure Framework

24 May 2021

UK GAAP

Accounting | Charity accounts: recognising grant income

Helena Wilkinson BSc DChA FCA and Iain Storey FCA at Price Bailey LLP explain the accounting for grant income in charities and consider grants subject to conditions or restrictions

5 May 2021

Accounting | FRS 102: Covid-19 considerations for provisions and contingencies

Steve Collings FMAAT FCCA considers the implications of Covid-19 on accounting for provisions and contingencies under FRS 102 and FRS 105

14 Apr 2021

Accounting | IFRS Foundation sets up working group on global sustainability reporting

The trustees of the IFRS Foundation has announced the formation of a working group to accelerate convergence in global sustainability reporting standards and to undertake technical preparation for a potential international sustainability reporting standards board

24 Mar 2021

Accounting | UK Endorsement Board names line-up for standard setting board

The UK Endorsement Board (UKEB) has appointed 10 board members to the new body, set up to endorse and adopt new or amended international accounting standards in the UK after Brexit

22 Mar 2021

IFRS

Accounting | International reporting: regulatory assets and liabilities under IFRS 14

The IFRS standard setter is currently consulting on the accounting rules for regulatory assets and regulatory liabilities under IFRS 14 and their impact on financial performance. Jeroen Van Doorsselaere examines the impact on P&L

18 Mar 2021

Accounting | Covid-19 brings going concern statements into focus

Paul Wilden, global head of capital markets and Sean Martin, head of corporate services & private clients at Apex Group, highlight the impacts of the pandemic on going concern statements, recent guidance and outline tips for auditors to ensure best practice is followed

15 Mar 2021