20 February 2020
The Financial Reporting Council (FRC) is proposing two minor amendments to FRS 101 Reduced Disclosure Framework. Comments are requested by 16 March 2020.
14 February 2020
Overview of the FRC’s main messages to non-banking entities on disclosures in IFRS 9. The thematic review covered classification and measurement; impairment and hedging.
20 November 2019
An overview of the FRC’s thematic review of IFRS 15 aimed at helping companies to improve disclosures in the future. It also highlights the areas of focus that the FRC will monitor as the standard continues to be embedded.
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.
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.
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.
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.
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.