Accounting Standards

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Finance | Shining a light on intangibles reporting

Accounting for intangibles from goodwill to intellectual property rights needs to reflect the sustainable development agenda, argues Dr Janice Denoncourt, associate professor at Nottingham Law School

8 Dec 2022

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Finance | Tips and advice: UK GAAP and IFRS year end accounting

Rachel Farris FCA CTA and Sarah Baxendale FCA explain the critical issues to bear in mind when completing accounts for December 2022 year end reporters

7 Dec 2022

Finance | UKEB endorses minor amends to IAS 1, 8, 12

The UK Endorsement Board has approved minor scope amendments to three accounting standards, including IAS 12 Income Taxes

2 Dec 2022

Finance | IAS 1 amended to improve debt reporting

The International Accounting Standards Board (IASB) has issued amendments to IAS 1 Presentation of Financial Statements to improve reporting of long-term debt with covenants

3 Nov 2022

IFRS

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Finance | FRC releases 2023 suite of taxonomies for accountants

The Financial Reporting Council (FRC) has published the 2023 suite of FRC Taxonomies with changes affecting all accounting standards

24 Oct 2022

Finance | PRAG updates derivative guidance

The Pensions Research Accountants Group (PRAG) has published updated guidance to help practitioners of pension scheme accounts deal with the wide range of derivative contracts which feature in manager portfolios

5 Oct 2022

Finance | Do SMEs need to report on ESG?

Donna Stofberg ACA considers the current requirements for environmental, social and governance (ESG) reporting in the UK and how small companies and micro-entities can play their part in working to achieve net zero goals

5 Oct 2022

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Finance | Sustainability standards need to be more scalable, says ISSB

The International Sustainability Standards Board (ISSB) plans to revisit parts of the proposed sustainability standards to ensure they are more scalable for businesses

27 Sep 2022

Finance | Call for better disclosure under IAS 12 Income Taxes

Companies need to pay more attention to the quality of disclosures about deferred tax treatment to give more clarity to investors

21 Sep 2022

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Finance | Regulator calls for unified approach to climate reporting

The Financial Stability Board (FSB) has flagged progress on the creation of International Sustainability Standards in its first annual progress report on climate-related financial risks

14 Jul 2022

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Finance | Accounting for critical judgments under IAS 1

Critical judgments are frequently raised as an issue by the Financial Reporting Council in its annual Corporate Reporting Reviews as they are not clearly identified or explained. Rachel Farris FCA CTA, Croner-i, summarises the requirements around judgments set out in IAS 1

6 Jul 2022

Finance | CPD module: accounting for cryptocurrencies

In this month’s exclusive Accountancy Daily CPD module we consider the key issues to consider when accounting for cryptocurrency, from accounting standard selection to valuations

4 Jul 2022