The global body for professional accountants
10 Sep 2014
Corporate reporting
Report
Global
Prudence and IFRS
This paper summarises the debate about whether International Financial Reporting Standards, as the key global standards, should include prudence and state its importance in their conceptual framework.
10 Sep 2014
Corporate reporting
Report
Global
IFRS 15, revenue from contracts with customers: a major project is completed
This paper describes the development of the project to update the financial reporting of revenue from contracts with customers, which has now resulted in the issue of a new International Financial Reporting Standard (IFRS), and the views that ACCA has expressed during the various stages of this project.
9 Sep 2014
Corporate reporting
Policy submission
Global
Proposed changes to the international standards on auditing (ISAs) addressing disclosures in the audit of financial statements
Comments from ACCA to the International Auditing and Assurance Standards Board.
29 Aug 2014
Corporate reporting
Article
Global
Telling the story clearly
Paul Cooper explains how the IASB’s disclosure project is seeking to ‘declutter’ annual financial statements so that their messages come across clearly.
29 Aug 2014
Corporate reporting
Article
Global
Joint effort
Paul Cooper looks at the background to the joint IASB/FASB project on revenue recognition, culminating – after several years of development – in IFRS 15.
29 Aug 2014
Corporate reporting
Factsheet
United Kingdom
Technical Factsheet 190 Carbon accounts for small businesses-interim guidance
The factsheet concentrates on a simple form of carbon accounting that is suited to entities with turnovers up to, say, £7 million; this includes companies of all types, charities, partnerships and sole traders. The factsheet provides guidance on advising small businesses about setting up and operating carbon accounting, and on the associated tax advantages.
22 Aug 2014
Corporate reporting
Policy submission
Global
Revised IASB exposure draft: leases
Comments from ACCA (submitted via the FRC) 22 August 2014
19 Aug 2014
Corporate reporting
Article
United Kingdom
IFRS 9: Financial Instruments
IFRS 9: Financial Instruments will come into effect on 1 January 2018, with early application permitted.
19 Aug 2014
Corporate reporting
Article
United Kingdom
New UK GAAP changes to financial instruments and hedge accounting
The FRC has issued amendments to new UK GAAP to improve the accounting for certain financial transactions.
18 Aug 2014
Corporate reporting
Article
United Kingdom
LLP SORP
The LLP SORP applies for periods beginning on or after 1 January 2015.
18 Aug 2014
Corporate reporting
Article
United Kingdom
Charities SORP
It is decision time for many charities given the choice between adopting the SORP based on FRS 102 or the SORP based on the FRSSE.
24 Jul 2014
Corporate reporting
Article
United Kingdom
The effect of the recent EU accounting directive on UK GAAP
ACCA’s Richard Martin looks at how the EU accounting directive and new UK GAAP will interact and investigates the effect the two might have on the future of the FRSSE.
24 Jul 2014
Corporate reporting
Article
United Kingdom
New UK GAAP and charities
The Charity Commission’s Nigel Davies introduces the new framework for charity accounting and reporting.
24 Jul 2014
Corporate reporting
Article
United Kingdom
Tax implications of the new UK GAAP
The transition to UK GAAP will bring with it some tax changes. Read more here.
23 Jul 2014
Corporate reporting
Article
United Kingdom
New UK GAAP: deferred tax
Changes could impact on profits and net assets
23 Jul 2014
Corporate reporting
Policy submission
Global
Disclosure initiative: proposed amendments to IAS 1
Comments from ACCA to the International Accounting Standards Board.
21 Jul 2014
Corporate reporting
Report
South Africa
South African institutional investors’ perceptions of integrated reporting
This report outlines the reactions of the South African institutional investment community to the production of integrated reports by South African listed companies.
18 Jul 2014
Corporate reporting
Article
United Kingdom
New Charities SORP
The new charity SORP based on the FRSSE and FRS 102 have now been issued. You can access them here.
18 Jul 2014
Corporate reporting
Article
Global
The conference of The World Bank Centre for Financial Reporting Reform
Paul Cooper reports on the conference, which covered two programmes that support accounting, auditing, and institutional progression in a number of countries in Eastern Europe and the former Soviet Union.
18 Jul 2014
Corporate reporting
Policy submission
United Kingdom
Accountancy and actuarial disciplinary schemes
Comments from ACCA to the Financial Reporting Council.
16 Jul 2014
Corporate reporting
Policy submission
Global
Financial reports of pension schemes
Comments from ACCA to the Pensions Research Accountants Group (PRAG).
16 Jul 2014
Corporate reporting
Report
Global
Stock exchanges in sub-Saharan Africa: capturing intent towards ESG requirements
This report explores the level and extent of sustainability activities of 10 stock exchanges across sub-Saharan Africa.
14 Jul 2014
Corporate reporting
Factsheet
United Kingdom
Technical Factsheet 189: Intangible Fixed Assets
The purpose of this factsheet is to provide guidance on the accounting and disclosure of accounting for intangible assets within statutory financial statements. This factsheet will consider the provisions within the Companies Act 2006 and the accounting and disclosure requirements within the related accounting regulations, FRS 10 Goodwill and Intangible Assets, FRS 11 Impairment of Fixed Assets and Goodwill, SSAP 13 Accounting for Research and Development, Financial Reporting Standard for Smaller Entities 2008 (FRSSE 2008), FRSSE 2015 and Financial Reporting Standard 102 (FRS 102) The Financial Reporting Standard Applicable in the UK and Republic of Ireland.
11 Jul 2014
Corporate reporting
Factsheet
United Kingdom
Technical Factsheet 187: Going concern
The purpose of this factsheet is to provide guidance on going concern within statutory financial statements. This factsheet will consider the provisions within the Companies Act 2006 and the accounting and disclosure requirements within the related accounting regulations, FRS 18 Accounting policies, Financial Reporting Standard for Smaller Entities 2008 (FRSSE2008), FRSSE 2015 and Financial Reporting Standard 102 (FRS 102) The Financial Reporting Standard Applicable in the UK and Republic of Ireland.
30 Jun 2014
Corporate reporting
Article
United Kingdom
Reporting for academies
Academies Accounts Direction 2013 to 2014 is a reference pack for academy trusts to use when preparing their annual reports and financial statements for accounting periods ending on 31 August 2014. It also supports auditors with their audit of the financial statements.
30 Jun 2014
Corporate reporting
Article
United Kingdom
Reporting for colleges
Guidance on financial management from the Skills Funding agency.
30 Jun 2014
Corporate reporting
Article
United Kingdom
Revenue recognition
The International Accounting Standards Board has issued IFRS 15 Revenue from Contracts with Customers.
30 Jun 2014
Corporate reporting
Article
United Kingdom
Depreciation and amortisation
The International Accounting Standards Board has issued amendments to IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets.
27 Jun 2014
Corporate reporting
Article
United Kingdom
True and Fair statement published by FRC
The Financial Reporting Council (FRC) has published a statement to confirm that the requirement to present a true and fair view remains of fundamental importance in IFRS and UK GAAP, including the new UK standards FRS 100 -103.
27 Jun 2014
Corporate reporting
Podcast
Global
Podcasts
ACCA is always looking at new, innovative ways of delivering information to our members, which is why we’ve started to develop podcasts and vodcasts.
16 Jun 2014
Corporate reporting
Article
Global
The Financial Reporting Supply Chain in Asia
Article by Brian Blood on the inaugural Financial Reporting for Economic Development Forum staged by the Confederation of Asian and Pacific Accountants (CAPA).
16 Jun 2014
Corporate reporting
Policy submission
Global
Revised operating procedures for reviewing corporate reporting
Comments from ACCA to the Financial Reporting Council.
16 Jun 2014
Corporate reporting
Article
United Kingdom
Macro Hedging
IASB issues discussion paper on macro-hedging.
10 Jun 2014
Corporate reporting
Report
Global
Lease accounting: an update on the international proposed amendments
This paper describes the development of the IASB/FASB project on lease accounting launched in 2009, its current proposals, and ACCA’s views on these.
9 Jun 2014
Corporate reporting
Report
Global
Business and investors: providers and users of natural capital disclosure
Joint report by ACCA, Fauna & Flora International and KPMG calling for robust reporting and commitments to reduce impacts on natural capital.
29 May 2014
Corporate reporting
Policy submission
Global
Post-implementation review: IFRS 3 business combinations
Comments from ACCA to the International Accounting Standards Board.
27 May 2014
Corporate reporting
Video
Global
IFRS for SMEs
On this video Richard Martin and Paul Cooper discuss the changes which are being proposed by the IASB and ACCA’s views on those proposals.
27 May 2014
Corporate reporting
Article
United Kingdom
Not-for-profits – the Cinderella of the accounting world
The Charity Commission's Nigel Davies argues that not-for-profits deserve to be seen as more than ‘Cinderella’ figures.
14 May 2014
Corporate reporting
Article
United Kingdom
Presentation of Financial statements
The IASB has issued for comment ED/2014/1 Disclosure Initiative: Proposed amendments to IAS 1 Presentation of Financial Statements. It is open for comment until 23 July.
14 May 2014
Corporate reporting
Article
United Kingdom
IFRS 11 Joint arrangements
The IASB has issued new guidance on how to treat an acquisition of an interest in a joint operation that constitutes a business.
14 May 2014
Corporate reporting
Article
United Kingdom
Micro-entities
The FRC has issued an amended version of the FRSSE for use by micro-entities.
13 May 2014
Corporate reporting
Article
Global
The ACCA Global Forum for Corporate Reporting
Championing reporting that brings value to investors.
13 May 2014
Corporate reporting
Report
Global
Worldwide application of IFRS 3, IAS 38 and IAS 36, related disclosures, and determinants of non-compliance
ACCA research report 134, by I. Tsalavoutas, P. André and D. Dionysiou.
13 May 2014
Corporate reporting
Article
Global
Members of the Global Forum for Corporate Reporting
Membership list for the forum.
22 Apr 2014
Corporate reporting
Article
United Kingdom
New UK GAAP - Presentation in Financial Statements
A look at how financial statements should appear under FRS 102
22 Apr 2014
Corporate reporting
Article
United Kingdom
Intangible assets
FRC have published a research paper that highlights investor views on intangible assets and amortisation.
22 Apr 2014
Corporate reporting
Article
United Kingdom
Companies House Records and Filing
Companies House have announced that they have a two-year process which will ‘transform the way in which the company register is accessed.’
22 Apr 2014
Corporate reporting
Article
United Kingdom
FRS 103: Insurance Contracts
The standard applies to entities applying FRS 102 that have insurance contracts with accounting periods beginning on or after 1 January 2015
24 Mar 2014
Corporate reporting
Article
United Kingdom
Not-for-profit
CCAB has today published the first comprehensive international study into financial reporting for not-for-profit organisations (NPOs)
20 Mar 2014
Corporate reporting
Policy submission
Global
Draft amendments to FRS 101, reduced disclosure framework (2013/14)
Comments from ACCA to Financial Reporting Council
Access accounting standards for current UK GAAP, New UK GAAP and International GAAP here.
Access auditing Clarified ISAs and Ethical Standards here.
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