There are no changes to FRS 101 Reduced Disclosure Framework following the Financial Reporting Council’s (FRC’s) annual review of the standard, while the regulator says it will review the impact of IFRS 17 Insurance Contracts in more detail when a clearer picture of the endorsement of the standard is known

In this month’s roundup of developments in accounting and financial reporting, Air Partner forced to deal with £3.3m accounting error, IASB refreshes Conceptual Framework for IFRS users, US GAAP rules on revenue recognition hit GE profits

The Pensions Research Accountants Group (PRAG) is warning that pension funds are at high risk of attack from cyber criminals as they have access to extensive personal identity data including addresses, financial records and banking details, which can be sold, or used to compromise or steal from other victims

The Financial Reporting Council’s (FRC’s) financial reporting lab is carrying out an implementation study on how practice has changed as a result of its work on corporate reporting, and will reveal its findings at its conference in London in June

Limited liability partnership (LLP) accounts create challenges over profits, revenue recognition and mergers, explains Sarah Perrin ACA

BDO partner Fiona Condron looks at the changes planned for charities and their annual return and highlights the issues to be aware of

This article, the thirteenth in our series on the Companies Act 2006, will focus on the preparation of individual accounts looking into Financial Reporting Standards (FRS) and International Accounting Standards (IAS) 

Does the recent IFRIC policy statement on hedge accounting mean the end of the use of pseudo hedging under IFRS and FRS 102 accounting, asks Zwi Y Sacho CA(SA), FCA, director of the corporate accounting advisory practice at Chatham Financial Europe

Anne Cowley ACA explains the key transition steps when moving to FRS 101 Reduced Disclosure Framework, whether transitioning from FRS 102, FRS 105 Micro-entities Regime or International Financial Reporting Standards (IFRS)

This month's exclusive CCH Daily CPD module focuses on deferred tax under the scope of Section 29 in FRS 102 under new UK GAAP and covers when it should be used, how to recognise tax assets correctly and how to disclose tax issues

Companies House is currently testing a new service which will allow businesses to file abridged accounts under FRS 102 directly to Companies House after company accounts prepared under FRS 102 and filleted accounts under FRS 105 were previously rejected

Anne Cowley ACA reviews the latest amendments to FRS 102 resulting from the FRC’s triennial review highlighting changes to directors’ loans, recognition of intangible assets and investment property, as well as the definition of financial institutions, which on balance simplify aspects of UK GAAP

Anne Cowley ACA examines the fundamental accounting differences between FRS 101 and FRS 102 from the treatment of loans and derivatives to leases, revenue recognition and deferred tax, particularly taking into account new IFRS standards

The Financial Reporting Council (FRC) has completed the first triennial review of FRS 102 and has announced a package of amendments to address implementation issues identified since the new UK GAAP was introduced in 2015, in a bid to make the standard more cost effective and easier to use

A consultation has been launched by HMRC on corporate interest restrictions in order to take account of the accounting changes brought about by IFRS 16 Leases