Ahead of the introduction of IFRS 16 Leases next year, there are warnings of a potential ‘leaseberg’ of liabilities, while many companies have yet to start implementation work on the systems needed to record thousands of leases coming onto the balance sheet for the first time

The latest IFRS 16 Leases standard, effective from 1 January 2019, will have a significant impact on company balance sheets and there are various implementation options, explains Andrew Marshall, senior technical partner at KPMG UK, so transition planning is critical 

This article, the sixteenth in our series on the Companies Act 2006, will focus on the strategic report and director’s report, outlining what information needs to be included in each to inform members about the financial position and performance of the company

The inter-connected relationship between global accounting standards and other financial regulations is undisputable but seldom explored. Jeroen Van Doorsselaere vice president of risk and finance at Wolters Kluwer considers the relationship between key performance indicators (KPIs) and IFRS

With under a year to go, many companies are at risk of being caught unprepared for new lease accounting rules under IFRS 16, which come into force next January and require imminent action to ensure compliance and prepare comparative data, according to analysis by Duff & Phelps

The Financial Accounting Standards Board (FASB) is proposing to add a fifth option to its list of US benchmark interest rates permitted in the application of hedge accounting, based on concerns about the sustainability of LIBOR, which is one of those currently in use

This article, the fifteenth in our series on the Companies Act 2006, will focus on disclosures which need to be included in annual accounts, outlining off-balance sheet arrangements, employee numbers, and directors’ remuneration

The Charity Commission and the Office of the Scottish Charity Regulator have issued a joint consultation on amendments to the Charities Statement Of Recommended Practice (SORP) following changes to UK-Irish accounting standards

This article, the fourteenth in our series on the Companies Act 2006, will focus on preparing group accounts, outlining the various accounting frameworks, small companies’ regime and reporting regulations

The International Accounting Standards Board (IASB) has issued narrow-scope amendments to pension accounting in relation to IAS 19 Employee Benefits

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) 

The Tesco trial over accounting irregularities regarding misstatement of profits has been abandoned as a key defendant, former finance director Carl Rogberg has had a heart attack