Accounting and reporting

FRC proposes UK and Ireland accounting standards amendments

The UK regulator has set out amendments relating to going concern and COVID-19-related rent concessions.

UK’s FRC provides guidance for accounts’ preparation amid COVID-19

The UK regulator’s guidance for companies’ reporting amid COVID-19 covers judgements and estimates, going concern viability statements, and more.

Finance speaks up in the COVID-19 crisis

One finance executive shares how focus and communication were key to navigating the early days of the coronavirus pandemic.

IASB postpones new liabilities guidance effective date by one year

The effective date of the International Accounting Standards Board’s new accounting guidance on classification of liabilities has been delayed by one year.

FRC sets out disclosure expectations and AGM best practice

The UK regulator issued guides to external reporting in the pandemic and Q&A guidance on annual meetings.

Ask the expert: ESEF / XBRL reporting

Ann Marie Fagan leads CtrlPrint in the UK, developing strategic partnerships and business relationships with reporting organisations and listed companies. She has over 20 years’ experience in the corporate reporting field.

Strategies for embedding climate reporting

Unilever’s finance team has been at the forefront of moves to create a level playing field for climate-related financial disclosures.

IASB amends lease accounting rules to address COVID-19 concerns

The board has issued a change to its lease accounting standard that makes it easier for lessees to account for coronavirus-related rent concessions.

UK Parliament considers insolvency law changes

Far-reaching changes to insolvency and company law have been proposed in Parliament as the FRC issues corporate reporting guidance.

Reporting guidance issued, IASB amends standards

Amid the coronavirus crisis, the FRC provides guidance on corporate reporting as the IASB makes changes.

Standards board proposes IAS 1 and IFRS 16 changes

The IASB is proposing to delay the effective date of an amendment to IAS 1 and is consulting on a proposed amendment to IFRS 16 to make it easier for lessees to account for COVID-19-related rent concessions.

Online exclusive: A Q&A with the head of Thai accounting regulator

Chakkrit Parapuntakul, president of the Thailand Federation of Accounting Professions, discusses efforts to help SMEs, promote management accounting, and improve universities’ accounting education.

Navigating change

One finance leader offers lessons for change management through his experience with IFRS adoption in Nigeria.

How the pandemic affects IFRS 9 reporting

Reporting credit losses under IFRS 9 is a challenge as a result of the pandemic. The IASB published a document about application questions.

UK regulators set out policy changes amid disruption

Changes announced include an additional two months for UK companies to publish their audited financial statements.

IASB consults to improve acquisitions information

Feedback is sought on changes to disclosures, goodwill and impairment relating to business acquisitions.

FRC and UK government provide Brexit transition detail

UK regulator confirms no substantive changes to UK accounting and corporate reporting framework during post-Brexit transition period.

UK boards challenged on ethnic diversity ‘positioning’

The independent Parker Review provides a tool for directors and companies to accelerate ethnic diversity progress.

A look at the Natural Capital Protocol

Finance departments will increasingly need to account for the natural world as part of their strategic mandate. One framework offers a way to identify risks and opportunities amidst the change.

UK regulator urges reporting of workforce metrics

The FRC provides a practical tool for companies to develop their reporting on workforce issues.

Accounting and reporting

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