Technical resources

Exemption from preparing and filing accounts for qualifying subsidiaries

A look at the potential impact of the announcement that dormant subsidiaries could be exempted from the requirement to prepare and file accounts at Companies House

The future of UK GAAP - an update

The three new accounting standards are the next step in the process of converging UK GAAP with IFRS.

Reporting issues for charities

ACCA in partnership with the Charity Commission have developed a podcast focusing on the key reporting issues facing Charities in the UK.

FRS 101

The new FRS 101 (FRED 47) will allow financial statements to be prepared for subsidiaries and parent companies using recognition and measurement as set out in EU-adopted IFRS, but with reduced disclosures.

FRS 102

The long-awaited FRS 102 has been issued, completing the FRS 100, 101 and 102 suite. FRS 102 applies to the financial statements of entities that are not applying EU-adopted IFRS, FRS 101 or the FRSSE. It is effective from 1 January 2015, but may be adopted early for accounting periods ending on or after 31 December 2012.

FRS 100

FRS 100 Application of Financial Reporting Requirements sets out how the new regime will work.

Replacement of UK accounting standards – some FAQs

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

IFRS for SMEs

On 29 October 2010 the Accounting Standards Board (ASB) published its proposals for the future of financial reporting in the UK and Republic of Ireland.

What is the future of UK GAAP?

ACCA, June 2010. This policy paper outlines the reasons why ACCA believes that replacing UK GAAP with a system of standards based on IFRS is the right course. It outlines which entities should apply IFRS in full and which should use the IFRS for SMEs.