Rachel Farris FCA CTA and Sarah Baxendale FCA of Croner-i look at 2021 year-end reminders for those preparing and auditing accounts in the UK, including the impact of Covid and Brexit, and key amendments under IFRS and UK GAAP

The priorities for IFRS in the next year include projects to review primary financial statements, post-implementation reviews and goodwill and impairment, according to the International Accounting Standards Board (IASB)

The International Accounting Standards Board (IASB) has issued a narrow-scope amendment to the transition requirements in IFRS 17 Insurance Contracts, providing insurers with an option aimed at improving the usefulness of information to investors on initial application of the new standard

CFA Institute is calling for a global approach to goodwill accounting, as diverging accounting standards could cause significant loss in global comparability for investors, should amortisation get the go-ahead from US standard setters

The UK Endorsement Board (UKEB) is consulting on its draft Endorsement Criteria Assessment: IFRS 17 Insurance Contracts, seeking views on the introduction of the new standard which is due to come into effect from January 2023

Sarah Baxendale FCA explains impairment accounting for entities applying IAS 36 Impairment of Assets, how to apply the standard and the frequency of assessments 

In this month's exclusive Accountancy Daily CPD module, we focus on International Financial Reporting Standards (IFRS) looking into the many groups that make up the IFRS, the standards and how they are prepared

The International Accounting Standards Board (IASB) has issued a consultation as part of the three-part post-implementation review of the classification and measurement requirements in IFRS 9 Financial Instruments

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