Columnists

Accounting / Marshall: Brexit impact on financial statements

Company reporters preparing year end financial statements need to take into account variable risk factors from going concern to materiality in the context of Brexit. Andrew Marshall FCA, senior technical partner at KPMG explains the key issues to consider

Accounting / International reporting: how relevant are IFRS standards?

The recent IASB annual conference focused on the transparency of international reporting under IFRS, the relevance of standards to company reporters and stakeholders, and the definition of materiality. Jeroen Van Doorsselaere, vice president of value propositions at Wolters Kluwer Financial Services, unpicks the key issues

Accounting / Marshall: calculating distributable reserves

The complex rules around distributable reserves has led to incorrect dividend payments and miscalculations, with interim reporting creating further challenges for listed companies. Andrew Marshall FCA, senior technical partner at KPMG, examines the issues

Accounting / International reporting: when the big standards disappear

After the launch of three critical IFRS on revenue recognition, financial instruments and leases, the IASB is switching its focus to disclosure, taxonomy and a hedging replacement, explains Jeroen Van Doorsselaere, vice president of value propositions at Wolters Kluwer Financial Services

Accounting / Wilkinson: small charity accounts need to be simplified

Helena Wilkinson, partner and head of charities at Price Bailey, takes a critical look at plans for a radical overhaul of charity accounting from stronger governance and an overhaul of membership of the SORP committee to bespoke accounting rules for smaller charities, following the Morgan governance review

Accounting / International reporting: financial instrument valuations

Proposed changes to IFRS 9 Financial Instruments over alternative reference rates focus on a smooth transition, while discussions on performance measures show the IASB faces criticism for being too prescriptive, finds Jeroen Van Doorsselaere, vice president of value propositions at Wolters Kluwer Financial Services

Accounting / Marshall: tips on IFRS 16 preparation and lease terms

As the half year financial reporting period approaches, Andrew Marshall FCA, senior technical partner at KPMG, examines the complexities of calculating lease terms, particularly for property, when reporting under IFRS 16 Leases

Accounting / International reporting: IFRS and climate change

With climate change top of the agenda, the IASB considers its impact on IFRS disclosures, plus the effects of changes to interbank offered rates on financial reporting and IFRS 17 implementation. Jeroen Van Doorsselaere, VP of Wolters Kluwer Financial Services explains

Tax / Facing up to the tax challenges of the global digital economy

An overhaul of the taxation of highly digitised multinationals would challenge long-held conventions on taxable presence and profit allocation if OECD proposals were to go ahead. Jeff VanderWolk, partner at Squire Patton Boggs, examines the viability of the latest OECD consultation on the tax challenges of the digitalisation of the economy

Accounting / What happens when no one trusts the numbers?

Financial discrepancies in month end reporting and inaccurate financial data is a major risk and reputational issue for CFOs and finance directors so why does the C-suite trust the numbers, asks Mario Spanicciati, chief strategy officer at BlackLine

Tax / Editor’s comment: growth at Top 75 Firms defies expectations

The leading accounting firms in the UK have reported record revenues of £15.75bn with average profits up 5%, in this year's Accountancy Daily Top 75 Accounting Firms Survey, despite a year of harsh criticism of the profession, audit failures and the shadow of Brexit. Sara White analyses the state of the market

Accounting / International reporting: IFRS 17 and risk management top agenda

As the IASB continues to roll out IFRS standards and sets out plans to consult on dynamic risk management, Jeroen van Doorsselaere, VP at Wolters Kluwer Financial Series says the continuing regulatory onslaught calls for an integrated approach to finance and risk

Accounting / Winton: use and abuse of pre-packs to drop pension liabilities

Anne-Marie Winton, partner at ARC Pensions Law LLP, examines the pre-pack administration of publisher Johnston Press, which involved the abandoning of £109m in pension liabilities, and asks whether regulators should have greater control of this practice 

Accounting / Rahman: decision to close Rolls-Royce investigation puts pressure on SFO

Is the Serious Fraud Office’s (SFO) decision to scale down its investigation into Rolls-Royce a well-informed move or a sign of panic? Aziz Rahman, senior partner at Rahman Ravelli, considers the SFO’s position

Accounting / Chapman: making sense of new Strategic Report requirements

Company reporters need to be ready for mandatory changes to the Strategic Report and the enhanced s172 Companies Act 2006 statement on directors’ duties from January 2019, explains Matt Chapman, better business reporting leader, KPMG
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