Accounting Standards

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Finance | IFRS 15: revenue recognition and year end reporting

As the deadline for completing first year end accounts under the latest IFRS 15 revenue recognition standard approaches, Richard Veysey considers the key accounting issues, new disclosure requirements and year end balance movements in assets and liabilities

25 Oct 2018

Accounting Standards

Financial Reporting

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Finance | Marshall: accounting year ends and disclosure pre-Brexit

Andrew Marshall, senior technical partner at KPMG, looks at what impacts Brexit will have on the numbers and disclosures in companies’ 2018 year end financial statements

25 Oct 2018

Accounting Standards

Financial Reporting

Accountancy Firms

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Finance | Housing SORP 2018 updated to reflect FRS 102 amendments

The National Housing Federation has updated the Housing SORP following recent amendments to financial reporting standards under FRS 102

23 Oct 2018

Accounting Standards

Financial Reporting

Law and Regulation

Accountancy Firms

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Finance | Charity accounts part 8: retirement benefits

This article, the eighth in our series on charity accounts, will focus on Charity SORP and Charity Commission guidance on accounting for retirement benefits including what disclosures need to be included as part of the accounts

23 Oct 2018

Accounting Standards

Financial Reporting

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Finance | IASB amends definition of business in IFRS 3

The International Accounting Standards Board (IASB) has issued narrow-scope amendments to IFRS 3 Business Combinations to improve the definition of a business

22 Oct 2018

Accounting Standards

Financial Reporting

Image for ifrs 16 leases tips and advice restaurant and fast food sector part 6

Finance | IFRS 16 Leases: tips and advice for restaurant and fast food sector - part 6

Emily Browne, associate partner in the financial accounting and advisory services team at EY, examines the challenges of new accounting rules for food and catering groups with a large real estate portfolio, offering tips and advice on lease modifications, control issues and sub-leases

22 Oct 2018

Accounting Standards

Financial Reporting

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Finance | Global intangible value of brands tops $50 trillion

The global intangible value of top brands has surpassed $50 trillion (£38 trillion) for the first time in history, but three quarters of this remains unaccounted for on balance sheets, according to research by Brand Finance

18 Oct 2018

Accounting Standards

Financial Reporting

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Finance | Charity accounts part 7: accounting for remuneration

This article, the seventh in our series on charity accounts, will focus on what information needs to be disclosed in charity accounts regarding employees’ and trustees’ remuneration

16 Oct 2018

Accounting Standards

Financial Reporting

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Finance | LLP accounting: small and micro LLPs - part 4

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

15 Oct 2018

Accounting Standards

Financial Reporting

Law and Regulation

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Finance | Regulatory compliance in the run-up to Brexit: issues for FDs

Alex Wolff, senior vice president of strategy at Kyriba gives a snapshot of the significant regulatory compliance and accounting changes affecting UK finance directors and treasury teams from IFRS 16 to GDPR penalties and MiFiD II

10 Oct 2018

Accounting Standards

Financial Reporting

Law and Regulation

Accountancy Firms

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Finance | Charity accounts part 6: SoFA and expenditure

This article, the sixth in our series on charity accounts, will focus on the types of expenditure which must be included in the Statement of financial activities (SoFA) as soon as it is incurred and how to account for it

9 Oct 2018

Accounting Standards

Financial Reporting

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Finance | Charities SORP amended to reflect changes to FRS 102

The amendments to the Charities Statement Of Recommended Practice (SORP) are intended to bring it into line with changes to Financial Reporting Standard (FRS) 102 and provide guidance on how to apply the standard to charity accounts

8 Oct 2018

Accounting Standards

Financial Reporting

Accountancy Firms

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Finance | Accounting for cryptocurrency: what you need to know

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

3 Oct 2018

Accounting Standards

Financial Reporting

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Finance | Harding: success depends on meaningful business models

Accurately picturing the state of a company requires a sound understanding of its processes and organisation, says Andrew Harding, chief executive of management accounting at Association of International Certified Professional Accountants (AICPA)

3 Oct 2018

Accounting Standards

Financial Reporting

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Finance | Charity accounts part 5: SoFA and accounting for donations

This article, the fifth in our series on charity accounts, will focus on the accounting treatment of various charity donations such as legacies, gifts in kind and donated goods

2 Oct 2018

Accounting Standards

Financial Reporting

Image for frc 2019 taxonomies reflect latest ifrs and triennial review

Finance | FRC 2019 Taxonomies reflect latest IFRS and triennial review

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

1 Oct 2018

Accounting Standards

Financial Reporting

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