Displaying 10 of 19 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.

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.

What do the amendments to FRS 102 really mean for intangible assets?
Paul Merris

14 February 2018

In the amendment to FRS 102 - Triennial review 2017 the FRC is aiming to reduce the cost of accounting for business combinations. It states that fewer intangibles will need to be recognised separately from goodwill going forwards. However, entities will need to take care.

Amendments to IFRS 9 and IAS 28

27 November 2017

The International Accounting Standards Board (IASB) has issued narrow scope amendments to IFRS 9 Financial Instruments and to IAS 28 Investments in Associates and Joint Ventures.

Amendments to FRS 101 2016/17 cycle

15 November 2017

On 12 July 2017, the FRC issued ‘Amendments to FRS 101 – 2016/17 cycle’ following its annual review of the FRS 101 Reduced Disclosure Framework.

Financial reporting framework questions

29 June 2017

Frequently asked questions we have had around the transition to the new UK GAAP.

Which financial reporting framework is applicable to me?

13 June 2017

The financial reporting framework that applies to UK entities preparing financial statements is set out in FRS 100 Application of Financial Reporting Requirements. FRS 100 sets out five options for preparing financial statements.


13 June 2017

FRS 101 ‘Reduced Disclosure Framework’ sets out the financial reporting requirements and disclosure exemptions available for use by subsidiaries and ultimate parent companies in their individual financial statements.