Technical resources

Guide to...consolidated accounts for business

Consolidated accounts is the term used when businesses under common control need to be incorporated into a single set of accounts.

Replacement of UK accounting standards – some FAQs

This is an interim update on the replacement of existing UK accounting standards (FRSs and SSAPs)

Charity Commission updates guidance on internal financial controls (CC8)

Nigel Davies suggests now might be a good time to review your charity or charity client’s financial controls.

Guidance on Accounting and Audit thresholds for charities

The Charity Commission has produced a summary of accounting and audit thresholds for charities in UK and Republic of Ireland.

FRC: how credit analysts view and use financial statements

FRC have produced a short paper that focuses on credit analysts’ requirements and what should, in their opinion, be the new information content of the financial statements

Charity Trustees' Reporting

Trustees have an obligation to report serious incidents or other matters relating to their charity. This should be done when the incident occurs but can also be brought to the Charity Commission’s attention when submitting the annual report.

All change: Financial Reporting Council reformed

On 2 July the structure and functions of the Financial Reporting Council (FRC) changed conspicuously following parliamentary approval of its proposed reform

Director's Remuneration Reports

A look at the requirements for a directors' remuneration report as laid out by the Companies Act 2006.

Charities - fraud

The Charity Commission has updated its guidance on trustee duties to protect charities from fraud and financial abuse

An FRC update for directors of listed companies

The FRC has provided a very useful update on heightened country and currency risk for the interim financial reporting season

Charity Commission publishes new strategy on combating fraud

The Charity Commission is calling for charities to better protect themselves against fraud and financial crime.

Implementation of Charities Act 2011

The Charities Act 2011 comes into force on 14 March 2012 and consolidates previous charities legislation into a single Act.

Update for directors of listed companies

On 17 January the Financial Reporting Council (FRC) published an update for directors of listed companies in the UK to assist them in responding to increased country and currency risk in their annual and half-yearly financial reports.

Charity Commission publishes new strategy on combating fraud

The Charity Commission is calling for charities to better protect themselves against fraud and financial crime.

Residential service charge accounts

Guidance on accounting and reporting in relation to service charge accounts for residential properties

Technical Factsheet 168 - Valuing property and farming companies

A summary of the issues that need to be considered when engaged in the valuation of property and farming companies. Deals with: circumstances where an assets approach is appropriate, contingent taxation, the necessity for asset revaluation, issues surrounding hybrid companies and the levels of discount appropriate in considering minority interests in companies of this nature.

Technical factsheet 171 - Valuing goodwill

This Factsheet aims to provide the user with a summary of the issues that need to be considered when valuing goodwill in most types of companies.

Technical Factsheet 167 - Valuing trading companies

A summary of the issues that need to be considered when engaged in the valuation of companies of all sorts by using an earnings-based approach. The calculations will give an indication of the valuation which the buyer/seller may consider rather than an exact figure. Covers the application of Price Earnings ("P/E") ratios, EBITDA multiples and turnover multiples, discounted cash flow ("DCF") approaches, including discount rates, terminal values and appropriate cash flows, the normalisation of earnings, how to deal with minority interests and briefly looks at those situations where an earnings-based approach is not appropriate.

Technical Factsheet 169 - Valuing options

Guidance on simple tax-based option schemes such as Enterprise Management Initiative (“EMI”) schemes and the like, as well as the Black Scholes Option Pricing Model (“BSOPM”) and its application, an overview of more complex models such as barrier options, binomial and trinomial approaches and other types of valuation options.

BHP guide to...budgeting 

Are you going to be in control of your new business? Will you know in advance about any looming cashflow problems? Unless you use properly prepared budgets, the answer is probably going to be no. Budgeting sets out the financial targets for your business. It helps you anticipate problems and compare what has actually happened with what you expected.

Guide to... consolidated accounts for business

Consolidated accounts is the term used when businesses under common control need to be incorporated into a single set of accounts.

BHP guide to...payroll

Payroll is a crucial part of your operations. The government requires you to account for and collect tax and National Insurance (NI) and report it under the ‘Real Time Information’ (RTI) PAYE system, and can impose penalties for failure, missed deadlines and inaccurate data.

Corporate reporting

This is a basic guide prepared and issued by the Financial Reporting Council (FRC) to update directors of small companies on assessing going concern. It is distributed by ACCA for members to use as they wish. It is an introduction only and should not be used as a definitive guide, since individual circumstances may vary. Specific advice should be obtained, where necessary.

Guide to...consolidated accounts

Consolidated accounts is the term used when businesses under common control need to be incorporated into a single set of accounts.

BHP guide to...preparing for your annual accounts

Companies with an annual turnover of less than £6.5 million and total assets (fixed and current) under £3.26 million generally do not require an audit but they must prepare and send accounts to HM Revenue & Customs and Companies House.

BHP guide to...preparing for your annual accounts

Companies with an annual turnover of less than £6.5 million and total assets (fixed and current) under £3.26 million generally do not require an audit but they must prepare and send accounts to HM Revenue & Customs and Companies House.

Urgent Issue Task Force Abstract 47

A look at the extinguishing financial liabilities with equity instruments.

Revised LLP SORP

The CCAB issued a revised LLP SORP on 31 March 2010 effective for periods commencing on or after 1 January 2010.

Accruals accounts pack

Launch of accruals accounts pack for small charities.

Consultations and surveys

About ACCA's consultations and surveys

Consultations

ACCA seeks to make a strong and distinctive contribution to public debate on all relevant issues concerning the conduct of accountancy and business and, in particular, on technical aspects of the work of professional accountants in business, public practice and the public sector.

Registrars rules 2009

The Registrar of Companies has issued draft rules relating to documents filed on or after 1 October 2009.

Technical factsheet 163 - Audit exempt companies - ACCA accounts preparation report

Technical factsheets relevant to audit exemption.

FRC statement and QC's opinion on 'true and fair'

The FRC concluded that it would be helpful to its preparers, auditors and users of financial statements if it commissioned a further legal opinion to ascertain whether the approach to 'true and fair' taken in the Opinions ought to be revised. The FRC instructed Martin Moore QC and his Opinion is now published on the FRC website.

Filing of accounts

Part 15 of the Companies Act 2006 sees the introduction of changes to the filing dates for accounts. These will apply for accounting periods beginning on or after 6 April 2008 and reduce the filing date by one month.

Discussion Paper: the financial reporting of pensions

In January 2008, the European Financial Reporting Advisory Group (EFRAG) published a discussion paper 'The Financial Reporting of Pensions' The Financial Reporting of Pensions - opens in a new window on behalf of Pro-active Accounting Activities in Europe (PAAinE).

The new IRFS standards

The new standards IFRS 10, 11, 12 and 13.