Anne Cowley

Anne Cowley

Anne Cowley ACA, is a senior manager, national accounting and audit at Deloitte and previously was senior technical writer for audit and accountancy at Croner-i Tax and Accounting, from 2016-2018, and a regular contributor to Accountancy Daily, focusing on FRS 102, 101 and the wider UK GAAP issues facing accountants.

She has a wealth of technical knowledge and experience gained from working in ICAEW’s technical advisory service, advising chartered accountants on a wide range of technical and ethical issues, and in Deloitte’s central technical accounting and financial reporting team, specialising in New UK GAAP.


Accounting / FRS 105 micro accounting: why adopt micro-entity standard – part 2

In the second of a two-part series on the micro-entity regime under FRS 105, Anne Cowley ACA looks at why micro-entities should adopt this standard, but only if they are not considering rapid expansion as the jump to fully-fledged FRS 102 will be a big one

Accounting / FRS 105 micro accounting: what entities qualify – part 1

In the first of a two-part series on the FRS 105 micro-entity accounting regime, Anne Cowley ACA, senior technical writer at Croner-i, outlines which entities can qualify and how the rules change a company’s accounts

Audit / Audit exemptions and size criteria explained

Considering whether an entity can qualify for an audit exemption can be complex. As the audit busy season approaches, Anne Cowley ACA cuts to the key requirements

Accounting / Government amends accounting rules in Companies Act for post-Brexit

The government has issued draft legislation to amend the filing exemptions for companies and limited liability partnerships (LLPs) ahead of the UK leaving the EU, but refers to 'exit day'

Accounting / Accounting for cryptocurrency: what you need to know

Anne Cowley ACA, senior technical writer, audit and accounting at Croner-i, considers the difficulties of accounting for cryptocurrency when it does not meet the conventional meaning of cash equivalents and traditional financial instruments

Accounting / Micro accounting regime for smallest charities under consideration

The Charity Commission is considering the possibility of simplifying the accounting rules for the smallest charities with a new micro-regime based on a receipts and payments approach

Accounting / FRS 101: transition tips and advice - part 5

Anne Cowley ACA explains the key transition steps when moving to FRS 101 Reduced Disclosure Framework, whether transitioning from FRS 102, FRS 105 Micro-entities Regime or International Financial Reporting Standards (IFRS)

Accounting / FRS 102 amendments explained: practical issues

Anne Cowley ACA reviews the latest amendments to FRS 102 resulting from the FRC’s triennial review highlighting changes to directors’ loans, recognition of intangible assets and investment property, as well as the definition of financial institutions, which on balance simplify aspects of UK GAAP

Accounting / FRS 101: comparing accounting treatment under FRS 102 - part 4

Anne Cowley ACA examines the fundamental accounting differences between FRS 101 and FRS 102 from the treatment of loans and derivatives to leases, revenue recognition and deferred tax, particularly taking into account new IFRS standards

Accounting / FRS 101: key differences between FRS 101 and IFRS - part 3

Although the purpose of FRS 101 is to mirror the recognition and measurement requirements of IFRS as far as possible, there are a few areas where FRS 101 differs. Anne Cowley ACA examines the key differences

Accounting / FRS 101: disclosure exemptions explained - part 2

Anne Cowley ACA examines the disclosure requirements and exemptions provided under FRS 101 Reduced Disclosure Framework, and explains how to make the most of reporting under this accounting regime and any potential pitfalls for reporters

Accounting / FRS 101: why choose reduced disclosure accounts - part 1

In part one of a new series on FRS 101 Reduced Disclosure Framework, Anne Cowley ACA considers the pros and cons of choosing FRS 101 to prepare UK GAAP accounts, highlighing potential pitfalls and considering which companies should adopt the accounting rules

Accounting / Small business accounts: filleted accounts - part 9

Anne Cowley ACA rounds off the series on small business accounting with tips and advice on how to prepare filleted accounts, an exemption which allows eligible companies to omit the directors' report and the profit and loss account from the filed accounts 

Accounting / Small business accounts: abridged accounts - part 8

Under the small company accounting regime businesses can produce abridged accounts with truncated primary statements. Anne Cowley ACA explains how to use abridged accounts, which should not be confused with the old abbreviated accounts

Accounting / Small business accounts: disclosures and Section 1A - part 7

In the latest article in our series on practical accounting issues for small businesses under new UK GAAP, Anne Cowley ACA examines how to deal with disclosure requirements and the use of Section 1A, the difficulties over applying somewhat challenging guidelines on true and fair in practice and the importance of providing enough information about material balances and transactions