Finance | IASB consults on changes to accounting for provisions under IAS 37

The International Accounting Standards Board (IASB) is planning targeted amendments to IAS 37 accounting rules to improve reporting of provisions on balance sheets

12 Nov 2024

Finance

Financial Reporting

Accounting Standards

IFRS

Accounting Consultations

Finance | Woking Council finances show ‘potential unlawful’ lending

Former senior management and finance team at Woking Council accused of ‘potential unlawful’ lending for over a decade

7 Nov 2024

Finance

Financial Reporting

Accounting Standards

Corporate Governance

Public Sector

Finance | FRC releases 2025 UK Taxonomy Suite

The Financial Reporting Council has published the 2025 UK Taxonomy Suite including changes to supplier finance arrangements

24 Oct 2024

Finance

Financial Reporting

Accounting Standards

UK GAAP

Finance | Investors urge companies to use ISSB sustainability standards

An increasing number of major investors is calling for wider implementation of ISSB sustainability standards even on a voluntary basis

16 Oct 2024

Finance

Financial Reporting

Accounting Standards

ESG & Sustainability

Finance | Revenue recognition standard has ‘no fatal flaws’

A review of the revenue recognition standard IFRS 15 has found that it is meeting investor expectations, but application challenges remain

8 Oct 2024

Finance

Financial Reporting

Accounting Standards

IFRS

Finance | Sustainability standards will be endorsed early 2025

The UK plans to endorse the new global sustainability standards, IFRS S1 and S2, by March 2025, with further consultation on application and taxonomy

19 Sep 2024

Finance

Financial Reporting

Accounting Standards

ESG & Sustainability

Finance | Climate reporting errors trigger financial restatements

Nearly half of the UK’s largest companies made restatements on climate and sustainability flagging a material change to previously reported figures

16 Sep 2024

Finance

Financial Reporting

Accounting Standards

IFRS

ESG & Sustainability

Finance | UK GAAP update reflects lease and revenue recognition changes

The Financial Reporting Council (FRC) has issued September 2024 editions of UK and Ireland financial reporting standards reflecting new accounting rules

11 Sep 2024

Finance

Financial Reporting

Accounting Standards

UK GAAP

Finance | IFRS Accounting Taxonomy update to reflect IFRS 19

The International Accounting Standards Board (IASB) is consulting on proposals to update the IFRS Accounting Taxonomy 2024 to reflect new IFRS 19 standard

2 Sep 2024

Finance

Accounting Standards

Accounting Consultations

Finance | Tips for first time users of FRS 102 accounting

Steve Collings explains the key issues to consider when transitioning to the main UK GAAP to use FRS 102 accounting rules

22 Aug 2024

Finance

Financial Reporting

Accounting Standards

UK GAAP

Finance | What’s new for academies for 2024 year ends?

As the 2024 academy reporting season is underway, Peter Herbert BSc FCA summarises the key changes for 31 August 2024 year ends

14 Aug 2024

Finance

Accounting Standards

Financial Reporting

Public Sector

Finance | Amendments to disclosures under FRS 101

The Financial Reporting Council has made minor changes to FRS 101 Reduced Disclosure Framework affecting disclosures of right of use assets and supplier finance arrangements

12 Aug 2024

Finance

Accounting Standards

Financial Reporting

UK GAAP

Finance | CPD module: FRS 102 lease and revenue recognition rules

In this month's exclusive Accountancy Daily CPD learning module we explain the key issues to consider as FRS 102 accounting rules for leases and revenue recognition change 

5 Jun 2024

Finance

Accounting Standards

UK GAAP

Finance | IFRS 9 amended to take into account ESG

The International Accounting Standards Board (IASB) has issued narrow-scope amendments related to ESG features in loans under IFRS 9 accounting rules

4 Jun 2024

Finance

Accounting Standards

IFRS

Finance | Revised LLP SORP 2024 for partnership accounting

The CCAB has issued the 2024 edition of the LLP SORP, setting out revised accounting rules on sharing of group profits and post retirement payments for members

21 May 2024

Finance

Accounting Standards

Financial Reporting