Accounting

Accounting / Unpaid invoices: overlooked assets for cash-strapped companies

Rather than writing off bad debts, businesses should think of their overdue invoices as assets that can unlock vital cash at times of stress, says Azzurro Associates’ Andrew Birkwood

Accounting / Cashflow reporting and forecasting - CPD Module - NEW

This month's exclusive Accountancy Daily CPD module focuses on cashflow reporting and forecasting by reminding businesses that even in times of crisis 'cash is king', also looking at the nine ICAEW principles for financial professionals on how to adapt cashflow processes, analysis and forecasting during the coronavirus crisis

Accounting / Covid-19: FCA confirms extra time for half yearly reports

The Financial Conduct Authority (FCA) has confirmed additional temporary relief for listed companies facing the challenges of corporate reporting during the coronavirus crisis

Accounting / Covid-19: amendments to IFRS 16 Leases

The International Accounting Standards Board (IASB) has issued an amendment to IFRS 16 Leases to make it easier for lessees to account for Covid-19-related rent concessions such as rent holidays and temporary rent reductions

Accounting / Covid-19: ICAEW and ICAS going concern guidance

ICAEW and the Institute of Chartered Accountants of Scotland (ICAS) have jointly published free-to-access guidance for owners and directors of SMEs to assess the prospects of their business in the wake of Covid-19

Accounting / Covid-19: new insolvency rules will ease wrongful trading woes

As the government reveals new insolvency rules to help more businesses avoid entering an insolvency process and weather the Covid-19 storm, Kate Rogers of Radcliffe Chambers looks at how they will affect struggling businesses

Accounting / MoD slammed over ‘ballooning’ nuclear infrastructure project costs

MPs have lambasted the Ministry of Defence (MoD) over its poor contract design and management for critical infrastructure projects, which have resulted in taxpayers shouldering ballooning costs which have already topped £1bn

Accounting / Covid-19: lessons from construction collapses

As the sector that recorded the highest number of insolvencies in 2019 faces up to the latest threat of coronavirus, Naismiths’ head of asset recovery Ben Harwood asks if other sectors can learn from how construction companies handle threats to their business

Accounting / International Reporting: IBOR reforms accelerate and expected credit losses test banks

The next liquidity crisis could already be here, as financial institutions grapple with expected credit losses in the wake of Covid-19, while the IASB’s interest rate benchmark reforms cannot be delayed, explains Jeroen Van Doorsselaere

Accounting / Covid-19: maintaining focus - CPD module - NEW

This month's exclusive Accountancy Daily CPD module focuses on maintaining focus during the Covid-19 crisis through executing vital communication/compliance with shareholders, employers, supply chain and Government in order to minimise risk and ensure clarity, comprehension and control in unprecedented times

Accounting / Legal updates: May 2020

In this month’s legal updates, Sophie Brookes of Gately Legal considers the issues surrounding AGMs in lockdown and the importance of drafting in completion accounts agreements

Accounting / Covid-19: EU eases up on banking accounting rules

The European Commission has announced a relaxation of banking accounting rules to ensure that lenders can continue to extend loans to companies struggling during the Covid-19 crisis, in a bid to ensure a coordinated EU response and avoid national fragmentation

Accounting / IASB looks to align IFRS for SMEs with full standards

The International Accounting Standards Board (IASB) has begun consulting on proposals to update the IFRS for SMEs standard, which include consideration of whether and how to align the simplified accounting standard for small and medium-sized entities with full IFRS standards

Accounting / Covid-19: amendment to IFRS 16 Leases

The International Accounting Standards Board (IASB) has announced a snap two-week consultation on proposals to amend IFRS 16 Leases to make it easier for lessees to account for Covid-19-related rent concessions such as rent holidays and temporary rent reductions

Accounting / Covid-19: how to manage financial year end work

Accountancy firms and their clients are having to adopt alternative working methods to deal with financial year end requirements, relying on virtual meetings and IT solutions to meet deadlines in light of covid-19. Philip Smith reports 
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