Displaying 10 of 99 results
Update to definition of ‘material’ in IFRS standards
Paul Merris

31 January 2019

The IASB has made amendments to the definition of material. The updated definition amends IAS 1 and IAS 8 . It is effective from 1 January 2020.

Amendments to the business definition in IFRS 3: Business Combinations

29 November 2018

IASB has amended the business definition in IFRS 3. Contact RSM to learn more about the changes.

A quarter of manufacturers unprepared for IFRS16 leasing standards
Mike Thornton

06 November 2018

New leasing standards come into effect next year which aim to increase transparency within financial reporting, but a quarter of manufacturers are not prepared for the change which will impact key performance ratios, a new survey has found.

Improving corporate reporting
Danielle Stewart OBE

30 October 2018

Companies reporting under IFRS and about to embark on the 2018/19 reporting season, should pay heed to the issues highlighted by the Financial Reporting Council (FRC) in its open letter to Finance Directors and Audit Committee Chairs.

FRC guidance on the Strategic Report
Danielle Stewart OBE

24 October 2018

The Financial Reporting Council (FRC) has updated its Guidance on the Strategic Report to reflect new requirements on compliance with Section 172 and to align with the 2018 UK Corporate Governance Code.

What investors want from performance metrics reporting
Danielle Stewart OBE

17 October 2018

If you are keen to attract investment you should pay particular attention to how you report on performance metrics. Investors may assess metrics from a number of sources including: the annual report, investor presentations, preliminary announcements and sustainability reports, as well as other communications.

Financial instruments with characteristics of equity consultation (IAS 32)
Paul Merris

14 September 2018

The International Accounting Standards Board (Board) has published a Discussion Paper on how companies issuing financial instruments should classify them in their financial statements.

Revisions to the Conceptual Framework for IFRS Standards
Danielle Stewart OBE

11 May 2018

The International Accounting Standards Board (IASB) has issued a revised version of its Conceptual Framework for Financial Reporting which underpins IFRS Standards. Companies will need use the new framework from 2020 although the IASB will start using it immediately.

Narrow scope amendments to employee benefits - IAS 19
Danielle Stewart OBE

23 April 2018

The International Accounting Standards Board (IASB) has issued amendments to IAS 19. These specify how companies should determine pension expenses for the accounting period when changes to a defined benefit pension plan occur.

FRC guidance on Board reporting obligations
Danielle Stewart OBE

06 March 2018

The Financial Reporting Council has issued some guidance for the Boards of companies in the construction and business support services sectors, to remind them of their reporting obligations. This guidance has been written for these sectors in the wake of the collapse of Carillion, however the guidance is equally relevant to all companies.