Michelle Roberts FCA looks at the FRS 101 Reduced Disclosure Framework and gives an overview of how to apply the accounting treatment to subsidiaries of listed groups
Sarah Baxendale FCA looks at the impact on presentation and disclosure as a result of applying IFRS 13 Fair Value Measurement and the fair value principles in IFRS standards
The International Accounting Standards Board (IASB) has proposed a narrow-scope amendment to the transition requirements in IFRS 17 Insurance Contracts to improve clarity of comparative information
The International Accounting Standards Board (IASB) has proposed a new IFRS standard that would permit eligible subsidiaries to apply IFRS standards with a reduced set of disclosure requirements
More than half of public sector organisations do not currently report on their climate impact reveals a survey by the Chartered Institute of Public Finance and Accountancy (CIPFA)
The pandemic has meant that landlords and leaseholders have faced pressures meeting rent commitments, which has affected the accounting treatment of rent concessions. Rachel Farris, Croner-i Navigate, explains how the latest amendments to IFRS 16 Leases impact accounting
The International Accounting Standards Board (IASB) has launched a consultation on a revised framework for management commentary in accounts which aims to build on the latest developments in narrative reporting to focus on the information that investors need and ways to present it more clearly
The UK’s new standard setter responsible for reviewing and adopting new international accounting standards post Brexit has been given a statutory basis following the signing off of delegated powers via secondary legislation
Primary financial statements, and sustainable finance and inherent risks are key topics of concern for the International Accounting Standards Board (IASB). Jeroen Van Doorsselaere examines the standard setter's key priorities
Ahead of the 2021 interim reporting season, a review by the Financial Reporting Council (FRC) has highlighted examples of good practice in company’s interim reporting and areas where further improvements are required such as balance sheet movements, particularly important during the pandemic
The International Accounting Standards Board (IASB) is proposing a new approach to developing disclosure requirements in International Financial Reporting Standards (IFRS) and is inviting preparers of financial statements to participate in the fieldwork to test the ideas
The International Accounting Standards Board (IASB) has issued ‘targeted amendments’ to IAS 12, Income Taxes, clarifying how companies should account for deferred tax on transactions such as leases and decommissioning obligations
The International Accounting Standards Board (IASB) is to go ahead with plans to reform the IFRS for SMEs standard to provide updates reflecting the last IFRS standards
The international standard setter is working on plans to create a global framework for sustainable climate reporting rules, while a new head of the IASB is set to take over shortly, says Jeroen Van Doorsselaere
The IFRS Foundation has published its annual report and audited financial statements for the year ended 31 December 2020 setting out priorities for 2021 and flagging a decline in revenue due to the pandemic
