Invoice financing provides a useful cashflow benefit which needs to be reported in the annual accounts, explains Lizzie Morris ACA, accounting writer at Croner-i
The Financial Reporting Council (FRC) plans to update FRS 102 with changes to the accounting rules on revenue recognition and leases to take account of IFRS 15 and 16
Rachel Farris FCA CTA and Sarah Baxendale FCA explain the critical issues to bear in mind when completing accounts for December 2022 year end reporters
The Financial Reporting Council (FRC) has published a thematic review of earnings per share (EPS), warning that the IAS 33 accounting rules are not always correctly applied
Steve Collings FCCA looks at how to account for current and deferred taxes, highlighting the impact of recent changes to the UK tax regime, including the130% super deduction allowance
Steve Collings FCCA looks at transitioning to FRS 102, with a focus on the process, transitional adjustments, opening balance sheets, plus practical examples
The Financial Reporting Council (FRC) plans to update the application guidance to FRS 100 to reflect changes to company law and decisions on equivalence after the UK’s exit from the EU
The Financial Reporting Council (FRC) plans to consult on possible amendments to UK GAAP in September following a series of roundtables with stakeholders
Cash flow statements are consistently high on the list of areas that regulators focus on. Sarika Sharma ACA runs through fundamental elements of cash flow, the common issues and how to avoid them in practice
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
When accounting for mergers, the rules are slightly different with the use of book values as opposed to fair values, which affects the consolidated financial statements, explains Steve Collings FMAAT FCCA