UK GAAP

IFRS

Accounting | Top 10 tips: financial statement disclosures

Rachel Farris FCA CTA looks at some top tips for best practice disclosures in financial statements with links to new Croner-i Interactive Disclosure Checklist

9 Aug 2023

Accounting | FRS 102 temporary amend for 15% global tax issue

The Financial Reporting Council has issued amendments to UK GAAP accounting rules to allow for transition to OECD 15% global base tax rate

11 Jul 2023

Accounting | FRS 102 & FRS 105: provisions and contingencies

Benjamin Smith FCA explains the accounting requirements for the recognition of provisions under FRS 102 and FRS 105 accounting standards

7 Jun 2023

Accounting | Accounting for leases: changes to UK GAAP

An overhaul of UK accounting rules will see operating leases brought onto the balance sheet for the first time. Jeremy Cooper, head of retail at Crowe UK, assesses the implications

18 Apr 2023

Accounting | FRC consults on temporary tax amendment to FRS 102

The Financial Reporting Council (FRC) is consulting on amendments to FRS 102 and FRS 101 to introduce a temporary exception for accounting for deferred taxes

5 Apr 2023

Consultations

Accounting | Micro accounting: financial liabilities and equity

Benjamin Smith FCA, senior technical writer at Croner-i, explains the different definitions of equity and liabilities, and their consequences for financial statements prepared under FRS 105

29 Mar 2023

Accounting | CPD module: IAS 7 Statement of Cash Flows

In this month’s Accountancy Daily CPD learning module, we examine the accounting treatment of statement of cash flows under IAS 7

6 Mar 2023

Accounting | What is invoice financing and how is it accounted for?

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

15 Feb 2023

Accounting | Accounting for lease and revenue recognition rule overhaul

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

15 Dec 2022

Consultations

Accounting | Tips and advice: UK GAAP and IFRS year end accounting

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

7 Dec 2022

Accounting | Sign up for our year-end financial reporting reminders webinar

Croner-I will be running a live webinar on an end of year roundup of current accounting issues and reporting requirements on Tuesday 6 December

30 Nov 2022

Accounting | CPD module: FRS 102 & FRS 105 - government grants

In this month's exclusive Accountancy CPD module, we explain the accounting treatment for government grants under FRS 102 and FRS 105

23 Nov 2022

Accounting | FRC releases 2023 suite of taxonomies for accountants

The Financial Reporting Council (FRC) has published the 2023 suite of FRC Taxonomies with changes affecting all accounting standards

24 Oct 2022

Accounting | Lack of understanding of reporting on earnings per share

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

8 Sep 2022

Accounting | Accounting for income tax under FRS 102

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

31 Aug 2022