UK GAAP

Accounting / London businesses worst for filing late accounts at Companies House

London and Birmingham are the worst areas in the country for filing accounts late with over 200,000 UK companies facing fines for non-compliance for missing the Companies House deadline

Accounting / FRC consults on FRS 102 hedge accounting amend

The Financial Reporting Council (FRC) is consulting on amendments to hedge accounting under FRS 102 to reflect changes to interest rate benchmarks

Accounting / Triennial review: FRS 102 (2018) and net debt reconciliation – part 4

In the final part of our series on FRS 102 (2018), James Waller CA, technical writer at Croner-i, explains the treatment of a net debt reconciliation where a company, LLP or charity, includes a cash flow statement

Accounting / FRS 102: liabilities vs equity - NEW CPD module

This month’s exclusive Accountancy Daily CPD module will look at the FRS 102 accounting treatment of liabilities versus equity

Accounting / Financial disclosures on climate change lack clarity

As climate change pushes to the top of the agenda, more businesses are including climate-related information in their financial disclosures, but are still failing to provide sufficient clarity for investors, says TCFD

Accounting / Accounting updates: June 2019

In this month’s accounting updates, Companies House reporting regime overhaul planned, FRS 102 DB pension amendments, micro entities should adopt simplified accounting under FRS 105,  ACCA deficit grows, Kraft Heinz admits $181m misstatement, anti-money laundering (AML) oversight ramped up and academy schools Accounting Direction revised

Accounting / FRC amends FRS 102 Section 28 Employee Benefits on DB pensions

The Financial Reporting Council (FRC) has issued amendments to FRS 102 affecting the reporting treatment of multi-employer defined benefit (DB) plans to clarify reporting of deficits in other comprehensive income

Accounting / Accountants urged to look at simplified accounting for micros

Accountants should be doing more to encourage the very smallest companies to opt for simplified accounting such as FRS 105, according to a report on the EU’s introduction of a micro-entities accounting regime

Accounting / Accounting standards change to hit FTSE 100 pension schemes

Impending accounting standards changes to IFRIC 14 and the limit on defined benefit asset rules could hit FTSE 100 pension schemes by up to £100bn, double previous predictions, warns LCP

Accounting / Financial reporting tips for smaller quoted companies

The Financial Reporting Council (FRC) and ICAEW have released a guide to help smaller listed and AIM quoted companies improve their financial reporting as it is still falling below expectations

Accounting / Accounting updates: May 2019

In this month’s accounting updates, the PRA calls for greater climate change risk reporting while the IASB says it will not move into sustainability reporting standard setting, PwC reports significant accounting irregularities at Datalex, Garden Bridge Trust is slated, and CIPFA consults on first financial management code

Accounting / Accounting rules for academy schools updated

The Education and Skills Funding Agency (ESFA) has updated its detailed guidance for academy trusts and auditors on preparing and auditing academy trusts' annual financial statements, with revised information in the Academies Accounts Direction for the current financial year ending 31 August 2019

Accounting / Triennial review: FRS 102 (2018) and directors’ loans – part 3

In the third of a four-part series on FRS 102 (2018), Michelle Roberts ACA, senior technical writer at Croner-i, explains the treatment of directors’ loans below market or zero rates of interest

Accounting / Financial services must focus on climate change risk reporting

The Prudential Regulation Authority (PRA) says banks and insurers need to do more to manage the financial risks from climate change

Accounting / Triennial review: FRS 102 (2018) and investment properties – part 2

In part two of our FRS 102 series, James Waller CA considers how the accounting treatment of investment properties will change with the triennial review amendments to FRS 102
Subscribe