Displaying 10 of 186 results
Does a change to accounting for leases under US GAAP impact my UK entity?
Paul Merris

05 August 2021

ASC 842 Leases is a new US GAAP standard. Not only do the new leases standards require changes to reporting, they come with extra complexities. Understanding the impact of a new standard to an entity applying a different accounting framework to its financial statements needs to be well considered at the earliest opportunity.

Ben Bilsland


Ben is Accounting and Financial Reporting Partner based in our Bristol office. He is a Technology and Media sector expert and an Industry Senior Analyst as part of RSM’s Industry Eminence Programme.

Darren Slater


Darren leads the Southampton accounting insight and advisory team. His focus is on supporting clients and helping them prepare and understand their financial informatio

FRC advice on interim reporting
Lee Marshall

19 July 2021

The FRC has published a thematic review on interim reporting, highlighting good practice and suggesting improvements to meet the needs of stakeholders. We have summarised the key findings from the review and the FRC’s recommendations.

Proposed new IFRS Standard for regulatory assets and liabilities
Paul Merris

09 June 2021

The International Accounting Standards Board (IASB) is proposing a new accounting standard to replace IFRS 14 Regulatory Deferral Accounts. This new standard would require companies subject to rate regulation, to give investors better information about their financial performance.

Amendments to IAS 12 - Clarification of accounting for deferred tax on transactions
Paul Merris

25 May 2021

The IASB has published Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12) that clarify how entities account for deferred tax on transactions such as leases and decommissioning obligations.

Extension of coronavirus rent concessions amendment in IFRS and UK GAAP
Helen Jones

25 May 2021

The IASB has extended the application period, to 30 June 2022 of the practical expedient in IFRS 16 to help lessees accounting for Covid-19-related rent concessions, with the FRC consulting on following suit in FRS 102 and FRS 105.

IAS 1 amended to prevent boiler plating of accounting policies
Paul Merris

18 May 2021

The International Accounting Standards Board (IASB) amendments to IAS 1 ‘Presentation of Financial Statements’ aim to make the accounting policies published in annual financial statements more useful and relevant.

Bridging the GAAP | May 2021
Lee Marshall

14 May 2021

In our May 2021 edition of Bridging the GAAP we take a look at upcoming changes for FRS102, the FRC's advice on preparing for 2020/21 annual reports and impact of Brexit on accounting.

What's next for FRS 102?
Danielle Stewart OBE

11 May 2021

The FRC has recently launched its next mandatory review of FRS 102. We sat down with RSM’s Financial Reporting Partner, Danielle Stewart OBE, to find out what could potentially change and how businesses can prepare. Complete the RSM survey to give your views.