In part five of our exclusive new UK GAAP series, Helen Lloyd FCA unravels FRS 102 rules on accounting for borrowing costs under Section 25, highlighting potential pitfalls with the new rules which mark a departure from the old UK GAAP approach

In the roundup of the latest accounting developments, FRS 102 reporting rules see Companies House reject small company accounts, FRC plans to update FRS 102, trial date set for Tesco misstatement case in 2017

The latest CCH Daily CPD module covers deferred tax under new UK GAAP (including FRS 102 and FRS 105), looking at the difference between old UK GAAP requirements and FRS 102. The Lecturer is Steve Collings

The European Commission has approved the use of IFRS 15 Revenue from Contracts with Customers across EU member states, when it comes into force globally in 2018, although there is still a minor stage endorsement process to complete before year end

Accounting for currency fluctuations under IAS 21 The Effects of Changes in Foreign Exchange Rate, is a balancing act in the Brexit world, says Armaghan Haq, head of accounting policy, retail at Lloyds Banking Group

In part four of our exclusive new UK GAAP series, Helen Lloyd FCA unravels FRS 102 and accounting for financial instruments and accounting for share issues, warning that there are substantial variations on old UK GAAP so parts of this will be unfamiliar for companies making the transition to FRS 102

The final reminder for filing charity accounts for year end 2015 for the largest charities is less than a week away, warns the Charity Commission, with deadline for receipt of accounts on 31 October 2016 and nearly 1,600 charities running close to the wire

The Financial Reporting Council (FRC) is consulting on improvements to IAS 7, Statement of Cash Flows, a standard that has gone largely unchanged since it was introduced in 1992, which is the key IFRS standard and will affect future changes to FRS 102

In part three of our exclusive new UK GAAP series, Helen Lloyd FCA considers practical tips for applying the requirements of Section 35 of FRS 102 and the importance of anticipating issues before they become too pressing

Draft legislation on extending existing corporation tax treatment applied to securitisation companies for another 20 years until 2037, has been published by HMRC for a period of consultation

Chairman of the Financial Reporting Council (FRC), Sir Winfried Bischoff, has revealed the challenges that legislators and regulators face post-Brexit, as well as disclosing what the FRC’s plans are for audit and accounting standards going forward, despite scepticism on the future of the FRC

In part two of our exclusive FRS 102 series, Helen Lloyd FCA reviews the key transition issues for first-time adopters of new UK GAAP under section 35, with tips on how to identify and produce the first set of financial statements and the transition balance sheet