Finance | Consultation on accounting for renewable electricity contracts

The International Accounting Standards Board (IASB) is consulting on narrow-scope amendments to the effects of renewable electricity contracts on companies

13 May 2024

Finance

IFRS

Audit Consultations

Finance | Overhaul of IFRS accounting rules for subsidiaries

In a bid to simplify financial reporting for subsidiary companies, the IASB has issued a new accounting standard, IFRS 19 with reduced disclosures

9 May 2024

Finance

Accounting Standards

Financial Reporting

IFRS

Finance | ISSB releases digital sustainability taxonomy

The International Sustainability Standards Board (ISSB) has issued a digital taxonomy to support reporting under new sustainability standards

1 May 2024

Finance

ESG & Sustainability

IFRS

Finance | IAS 38 intangible accounting rules up for review

The rules on accounting for intangibles such as intellectual property and cryptocurrency are set for an overhaul as standard setter scopes out plans for review of IAS 38 standard

25 Apr 2024

Finance

IFRS

Audit Consultations

Finance | IFRS 18 standard will improve accounting disclosure

In the first major accounting change to IFRS for years, the new IFRS 18 Presentation and Disclosure in Financial Statements standard has been issued, replacing IAS 1

9 Apr 2024

Finance

Accounting Standards

Financial Reporting

IFRS

Finance | Goodwill impairments outlook for 2024

Companies must test goodwill annually and key drivers are the cash flow forecasts and discount rate used to present the cash flow value, explains James Palmer, managing director at Kroll

3 Jan 2024

Finance

Financial Reporting

UK GAAP

IFRS

Finance | FRC calls for disclosure improvements in IFRS 17

Insurance companies need to improve the quality of disclosures with clear, consistent explanations under IFRS 17 and must take into account the impact of tax on liabilities

22 Nov 2023

Finance

Financial Reporting

IFRS

Finance | IFRS for SMEs amended for 15% minimum tax rate

The International Accounting Standards Board (IASB) has made temporary amendments to IFRS for SMEs accounting standard to take into account Pillar Two tax rules

3 Oct 2023

Finance

Accounting Standards

Financial Reporting

IFRS

Finance | UKEB survey on accounting for intangibles launched

The UK Endorsement Board (UKEB) is canvassing corporate reporters on ways to reduce the complexity of accounting for intangibles

27 Sep 2023

Finance

IFRS

Audit Consultations

Finance | IASB to improve reporting of climate-related risks in IFRS

The International Accounting Standards Board has launched a project to address concerns about inconsistency in the reporting of climate-related risks in IFRS financial statements

21 Sep 2023

Finance

IFRS

Finance | Narrow scope amendments to IFRS proposed

The International Accounting Standards Board plans a number of narrow-scope amendments to clarify wording on IFRS accounting standards

12 Sep 2023

Finance

IFRS

Audit Consultations

Finance | Accounts disclosure checklists: what you need to know

Dave Rowley CPFA takes you through the basics of selecting, using and completing a disclosure checklist to finalise accounts following the launch of Croner-i’s disclosure checklist software

30 Aug 2023

Finance

Financial Reporting

UK GAAP

IFRS

Finance | IAS 21 amended for currency exchange complexity

The International Accounting Standards Board (IASB) has amended IAS 21 to require companies to provide more useful information in their financial statements when a currency cannot be exchanged into another currency

17 Aug 2023

Finance

Financial Reporting

IFRS

Finance | Top 10 tips: financial statement disclosures

Rachel Farris FCA CTA looks at some top tips for best practice disclosures in financial statements with links to new Croner-i Interactive Disclosure Checklist 

9 Aug 2023

Finance

Financial Reporting

UK GAAP

IFRS

Finance | IFRS 17 challenges for reinsurance

Michael Winkler, actuary, and Sunil Kansal, head of consulting at Shasat, shed light on the intricacies of implementing IFRS 17 Insurance Contracts and the resulting mismatches in financial reporting

7 Aug 2023

Finance

Financial Reporting

IFRS