This article, the eleventh in our series on charity accounts, will focus on how financial instruments are accounted for under FRS 102 SORP, including what disclosures charities are required to make about their basic financial instruments

The Financial Reporting Lab has published guidance for companies on ways to improve the presentation of performance metrics in their reporting following criticism from investors about a lack of clarity and transparency

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'

The Financial Reporting Council’s (FRC) thematic reviews of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers show that the early application of both standards has raised a number of problems, particularly in explaining the transition to key stakeholders

The International Auditing and Assurance Standards Board (IAASB) consultation on the proposed amendments to ISA 315, Identifying and Assessing the Risks of Material Misstatement, has elicited a response from ICAEW urging the body to take heed of concerns about its scalability

Katherine Bagshaw FCA examines some the many long-standing issues of ISA 315, Identifying and Assessing the Risks of Material Misstatement, and what the Exposure Draft of the revised standard improves upon

The Financial Reporting Council (FRC) is working with the Department for Business, Energy and Industrial Strategy (BEIS) to create a board responsible for endorsing new and revised IFRS reporting standards following Brexit

In the fourth of our series on accounting for limited liability partnerships (LLPs), Iain Storey of Price Bailey explores the accounting requirements for partnerships that meet the requirements to be classed as small or micro

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

The Financial Reporting Council (FRC) has amended the XBRL accounting taxonomies to reflect changes introduced in the UK GAAP triennial review and three new IFRS

In this month’s roundup of developments in accounting and financial reporting, plans for overhaul of dividend rules, regulators to probe charity SORP setting processes, IASB set to review rules on amortisation of goodwill

The Pensions Statement of Recommended Practice (SORP) has been updated to bring it in line with the latest FRS 102 triennial review. Sarah Perrin ACA looks at the key changes including common investment funds, definition of a financial institution and material uncertainty

In the third of a new series on accounting for limited liability partnerships (LLPs), Iain Storey of Price Bailey explains what to consider when recognising the revenue of an LLP

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

In the first of a new series on accounting for limited liability partnerships (LLPs), Iain Storey of Price Bailey explains the key issues to consider when a partnership merges with an LLP, including disclosure requirments and group reconstruction relief