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.
29 November 2018
IASB has amended the business definition in IFRS 3. Contact RSM to learn more about the changes.
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.
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.
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.
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.
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.
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.
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.