ACCA response to IASB exposure draft - definition of material

ACCA response to, 'Definition of material – proposed amendments to IAS1 and IAS8'. An exposure draft issued by the International Accounting Standards Board in September 2017

Charitable incorporated organisations (CIO)

The conversion regulations and other secondary legislation under the Charities Act are now in force

FRS 102 amendments

The FRC has issued amendments to FRS 102

ACCA response to IASB exposure draft - Accounting policies and estimates – proposed amendments to IAS8

ACCA response to an exposure draft issued by the International Accounting Standards Board, 'the Accounting policies and estimates – proposed amendments to IAS8'

Costs and benefits to small companies of digital reporting

Brunel University paper examining the costs and benefits to small companies in the UK of statutory digital reporting.

Directors responsibilities for financial reporting

This publication has been prepared to assist directors, to understand and fulfil their responsibilities in relation to financial reporting. It has been specifically prepared for members of ACCA and CA ANZ to provide to directors who do not have a financial background to assist them in understanding their responsibilities.

Sustainable Development Goals

This report sets out to demonstrate why the SDGs matter to professional accountants; the role of the private sector in their delivery and how professional accountants can be part of a collaborative group of actors working together to achieve the aims of the 2030 Agenda

ACCA comments on FRC exposure draft- Guidance on the Strategic Report: Non-financial reporting

Draft amendments to Guidance on the Strategic Report: Non-financial reporting Exposure Draft issued for comment by the Financial Reporting Council in August 2017

Disclosure Initiative — Principles of Disclosure

Joint submission by Chartered Accountants Australia and New Zealand and the Association of Chartered Certified Accountants, to a discussion paper issued for public consultation by the International Accounting Standards Board (IASB), Disclosure Initiative—Principles of Disclosure

Financial statements for primary and secondary-level schools

This is a resource page for members’ preparing financial statements for primary and secondary schools in the Republic of Ireland.

Post-implementation Review – IFRS 13 Fair value measurement

ACCA response to the 'Post-implementation Review – IFRS 13 Fair value measurement Request for information', issued by the International Accounting Standards Board in May 2017

Improvements to IFRS 8 Operating segments

ACCA response to the International Accounting Standards Board's (IASB) exposure draft on improvements to IFRS 8 Operating segments.

ACCA response to FRC FRED 67 amendments

ACCA's response to the FRC’s FRED 67 draft amendments to FRS 102.

Public consultation on the operations of the European Supervisory Authorities

ACCA response to a consultation on the operations of the European Supervisory Authorities.

Framework implementation feedback

ACCA welcomes this opportunity to respond to International Integrated Reporting Council's (IIRC) invitation to comment on the implementation of the International Framework (‘the Framework’).

Insights into Integrated Reporting: challenges and best practice responses

ACCA has critiqued 41 corporate reports from the Integrated Reporting Business Network and draws together areas for improvement as well as advice for organisations new to integrated reporting.

Comments on Annual improvements to IFRS standards 2015-2017 cycle

Comments from ACCA on Annual improvements to IFRS standards 2015 – 2017 cycle: An exposure draft issued by the International Accounting Standards Board.

Improving the statement of cash flows

ACCA response to the consultation from the Financial Reporting Council on improving cash flow statements.

Sustainability reporting: the evolving landscape in Pakistan

This report examines the changes in sustainability reporting in Pakistan and in doing so aims to find the key benefits that lead organisations to report on sustainability.

ACCA president debate 8 February 2017

ACCA's first President's debate for 2017 was held in Brussels on the topic of 'accounting for natural resources'. Here we present a short video of the event featuring interviews with the main speakers.

Recommendations of the Task Force on Climate-related Financial Disclosures

ACCA’s response to the Financial Stability Board

Triennial review of UK and Ireland accounting standards

ACCA has responded to a consultation document issued by the Financial Reporting Council on the approach to changes in IFRS.

Charities SORP

ACCA has responded to an invitation, sponsored by the Charity Commission and the Office of the Scottish Charity Regulator, to comment on the Charities SORP

IASB Definition of a business and accounting for previously held interests

ACCA has responded to an invitation to comment from the International Accounting Standards Board on its draft definition of a business and accounting for previously held interests.

FRC consultation on FRS102 implementation issues

ACCA has responded to an invitation to comment issued by the Financial Reporting Council on FRS102 implementation issues.

ACCA response to FASB agenda consultation

ACCA has responded to an invitation to comment issued by the Financial Accounting Standards Board (FASB).

Technical factsheet: FRS 102 – transition issues for small companies

This factsheet addresses the issues for small companies arising from FRS 102

Technical factsheet: FRS 102 – transition issues for medium-sized and large companies

FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, is based on the principles found in International Financial Reporting Standards (IFRSs), specifically IFRS for SMEs.

Meeting Users’ Information Needs: The Use and Usefulness of Integrated Reporting

The first study to directly poll the views of the users of financial information on integrated reporting, this research report explores how providers of financial capital perceive and the Framework’s potential for providing decision-useful information.

Factors Affecting Preparers' and Auditors' Judgements about Materiality and Conciseness in Integrated Reporting

This exceptionally ambitious report explores the issues of materiality and conciseness in Integrated Reporting () from the perspectives of corporate report preparers and auditors. It provides timely evidence about emerging practices that will be helpful for the further development of .

Technical factsheet: Changes to FRS 102 for small entities (section 1a)

In July 2015 amendments were made to FRS 102 to incorporate the new small entities regime and make other amendments necessary to maintain consistency with company law.

EC public consultation on non-binding guidelines on methodology for reporting non-financial information

The European Commission should clarify the intended scope of auditors' responsibilities in order to avoid widening the expectation gap.

BIS consultation on the UK implementation of the EU non-financial reporting directive

Non-financial information provides crucial context for shareholders to understand companies' development, performance, position and impact.

Suspicious activity reports

Suspicious activity reports are on the increase

LLPs

The government has responded to the consultation on deregulatory changes for LLPs and qualifying partnerships

Filling the information black hole: how are fossil fuel companies reporting on the stranded asset risk?

A new survey looks at how fossil fuel companies report on their stranded assets using integrated reporting.

State of the non-profit finance function

This report was developed to provide insight into an important, yet often neglected, aspect of the non-profit sector: the finance function.

Annual improvements to IFRSs 2014-2016 Cycle (ED/2015/11)

IASB's Exposure Draft Annual Improvements to IFRSs 2014-2016 Cycle covers proposed amendments to IFRS 1, IFRS 12 and IAS 28

Auto-enrolment: small company and LLP exemptions

Changes are due to come into force in April 2016

Charity SORP update

A number of amendments have been made to the regulations

Reporting: clear and concise

The Financial Reporting Council has published a report on developments in corporate reporting

From Share Value to Shared Value

This report from IMA and ACCA examines the recent shift in focus from share value to the generation of “shared value,” as companies define success in terms of both internal financial returns and external social and economic results.

IFRIC Interpretation DI/2015/1 Uncertainty over Income Tax Treatments

The IFRS Interpretations Committee has published a proposed Interpretation of Standards on uncertainty over income tax treatments and how it affects the accounting for income taxes.

Charities SORP 2015

The new regulations for England and Wales are yet to come into force

New GAAP

FRS 100, FRS 101 and FRS 102 have been updated

Charities SORP 2015

The Charity Commission has advice on what to do while the 2015 Charity (Account and Reports) Regulations have not been issued

Academies: FRS 102 and Charities SORP 2015

The Education Funding Agency highlights the transition issues that will be faced by academies

FRS 102: FRC guidance

The FRC has issued a set of Staff Education Notes related to FRS 102

UK GAAP

The FRC has issued a number of changes

Innovation, intangibles and integrated reporting: a pilot study of Malaysian SMEs

This report presents the results of a pilot project, which tests the relevance of the Malaysian National Corporate Innovation Index to SMEs.

Consolidated government accounts

Whole of Government accounts are critical to government transparency. In this report, ACCA examines how widely they are used.

Duty to report

A look at the implications of new legislation

Charity GAAP changes

Changes will affect charities from 1 January 2016

Classification of liabilities - proposed amendments to IAS 1

Comments from ACCA the International Accounting Standards Board, 10 June 2015. Reference: CDR1339.

Lease accounting roundtable

In March 2015 ACCA and FLA held a joint roundtable seminar to discuss the probable content of the revised IFRS on leasing. This briefing paper summarises the discussion.

Duty to report

What will large and small businesses be required to consider under any duty to report requirements introduced in secondary legislation as part of the Small Business, Enterprise and Employment Act?

CAA/ATOL reporting

The Civil Aviation Authority (CAA) has issued an invitation to the professional accountancy representative bodies to participate in the scheme for ATOL Reporting Accountants (ARA).

Carbon accounting for small businesses

David York explains how professional accountants can help businesses improve competitiveness by becoming greener.

Draft amendments to FRS 100, application of financial reporting requirements and FRS 101 reduced disclosure framework

Comments from ACCA to the Financial Reporting Council.

Draft amendments to FRS102 – small entities and other minor amendments

Comments from ACCA to the Financial Reporting Council.

Draft FRS 105 - The financial reporting standard applicable to the micro-entities regime

Comments from ACCA to the Financial Reporting Council.

Disclosure initiative: proposed amendments to IAS7

Comments from ACCA to the International Accounting Standards Board.

Canadian CFO Sentiment Study - March 2015

Canadian finance executives are showing great confidence in the US market in 2015, however when it came to their views on the domestic or global economy, most took the middle ground.

Disclosure: too much or too little?

The Financial Reporting Council’s (FRC) Financial Reporting Lab, in its project to help companies and investors improve reporting, has a broad aim to ‘remove clutter’ from accounts

Capital Markets Union

Capital Markets Union (CMU) is a European Commission plan that aims to create deeper and more integrated capital markets in the 28 member states of the European Union.

New standards for turnovers under £10.2m

The Financial Reporting Council (FRC) launched a consultation on three financial reporting exposure drafts (FREDs) that make amendments to UK GAAP and base them on the FRS 102 framework

Thresholds

Still in a draft form, the Statutory Instrument sets out the new threshold limits

Classification and measurement of share-based payment transactions: proposed amendments to IFRS 2

Comments from ACCA to the International Accounting Standards Board.

UK GAAP: the new regime

Convergence of financial reporting standards is at last in sight with the publishing by the FRC of FRS 100, FRS 101 and FRS 102, which between them set out the new UK GAAP framework that will be mandatory from 1 January 2015. Early adoption is permitted, and indeed encouraged, but mandatory implementation will be for accounting periods beginning on or after 1 January 2015

GAAP: Model accounts

ACCA has produced model accounts based on both the FRSSE 2015 and FRS 102.

GAAP: Software and website development costs

What impact will new UK GAAP have on certain technologies?

GAAP: Employee benefits

How to account for employee benefits under the new standard.

GAAP v FRS 102: cash flow statement

A look at the cash flow statement when transitioning to FRS 102.

GAAP: Foreign currency translation

Understanding the treatment of foreign currency under FRS 102.

GAAP: Deferred tax

How will deferred tax change under FRS 102?

GAAP: Consolidated financial statements and business combinations, current GAAP v FRS 102

How to address business combinations under FRS 102.

GAAP: Accounting for investment properties

Analysis of how to treat investment properties under FRS 102.

GAAP: Small company limit increases in 2015 or 2016?

Should a company transition to FRS 102 this year, or wait until 2016?

GAAP: Recognition of intangibles and goodwill: old GAAP v FRS 102

A comparison of the recognition treatment of intangibles and goodwill between old UK GAAP and FRS 102, including the potential tax impact of the new standard.

GAAP: Measurement of basic financial instruments: old GAAP v FRS 102

A comparison of the measurement treatment of basic financial instruments between old UK GAAP and FRS 102, including the potential tax impact of the new standard.

FRC issues new FREDs streamlining UK GAAP

On February 19 2015, the FRC launched a consultation on three financial reporting exposure drafts (FREDs) that make amendments to UK GAAP and base them on the FRS 102 framework.

New UK GAAP – an overview

Make sure that you are ready for the new UK GAAP and understand the choices available to businesses.

Guidelines on enforcement measures against recognised supervisory bodies and recognised qualifying bodies

Comments from ACCA to the Financial Reporting Council.

The European Commission’s multi-stakeholder forum on corporate social responsibility

This article reports on the CSR forum hosted at the European Commission on 3-4 February 2015.

Public sector reporting

The International Public Sector Accounting Standards Board has issued several new standards for public sector reporting.

Academies

Schools must publish the amount of grant received, how they spent it (or will spend it) and the impact on pupils’ PE (physical education) and sport participation and attainment.

Regulatory fees and levies: policy proposals for 2015/16

Comments from ACCA to the Financial Conduct Authority.

The international project on lease accounting: the view from Europe

Following the issue of two Exposure Drafts on leasing by the IASB, deliberation continues on the contents of a revised IFRS. Peter Ujvari reports on a European outreach event intended to help progress this project.

Proportionate regulation: reporting accountant requirements

Comments from ACCA to the Solicitors Regulation Authority.

Measuring quoted investments in subsidiaries, joint ventures and associates at fair value

Comments from ACCA to the International Accounting Standards Board (IASB).

Accounting for Complex Supplier Arrangements falls under FRC’s spotlight

The FRC has urged reporting entities to clarify the accounting treatment of complex supplier arrangements, which include supply chain finance and ‘pay to stay’ fees.

Reporting the financial effects of rate regulation

Comments from ACCA to the International Accounting Standards Board (IASB).

Remuneration

The GC100 and Investor Group published a statement updating their guidance on the Directors' Remuneration Reporting Regulations 2013.

Investment entities

Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28) is a narrow-scope amendment to IFRS 10 Consolidated Financial Statements, IFRS 12 Disclosure of Interests in Other Entities and IAS 28 Investments in Associates and Joint Ventures.

Recognition of deferred tax assets for unrealised losses: proposed amendments to IAS12

Comments from ACCA to the International Accounting Standards Board.

Risk reporting

This report examines how the quality and value of risk reporting can be improved. It reviews current practice in risk reporting, the barriers to better risk reporting, the wishes of users, and the concerns of preparers.

Integrated Reporting

The International Integrated reporting Council (IIRC) has issued the first in what it promises will be a series of publications called the Creating Value series.

Share-based payments

International Accounting Standards Board Exposure Draft amending IFRS 2 for share-based payment is open for comment until 25 March.

Consultation on the updated CDSB framework

Comments from ACCA to the Climate Disclosure Standards Board (CDSB).

Proposed statement on non-GAAP financial measures

Comments from ACCA to the Board of the International Organization of Securities Commissions (IOSCO).