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.
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.
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.
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.
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.
24 March 2021
Following Brexit, the FRC has made updates to UK and Republic of Ireland accounting standards. We have summarised the amendments to FRS 101, FRS 102, FRS 105 and FRS 100, to showcase the impact of the updates.
12 March 2021
The International Accounting Standards Board (IASB) is proposing an amendment to IFRS 16 for sale and leaseback transactions. We have examined how this will affect reporting.
12 March 2021
The International Accounting Standards Board (IASB) is consulting on a new requirement to be applied when dealing with mergers and acquisitions within the same group. We look at what this might mean for companies reporting under IFRS.
12 March 2021
The IASB has issued amendments to IFRS standards following the current interest rate benchmark, LIBOR, being replaced by the Reformed Sterling Overnight Index Average (SONIA) in the UK. To help you understand what this means, we have outlined the key changes.
10 December 2020
LIBOR is ending on 31 December 2021. Businesses need to prepare and understand the new universal rates. Here’s how to get ready for the end of LIBOR.
