financial reporting Archives - Page 14 of 14 - Whitefield Tax - Isle of Wight Accountants

Consultation on audit exemption

by Jessica Garbett | Oct 13, 2014 | ACCA, accountancy regulation, business issues, financial reporting

The government is consulting on the implementation of the EU Accounting Directive proposed changes to the audit exemption provisions in Companies Act. The Department for Business, Innovation and Skills (BIS) has launched a consultation on the implementation in the UK...

New UK GAAP: deferred tax

by Jessica Garbett | Aug 10, 2014 | ACCA, financial reporting

FRS 102 and new UK GAAP are getting closer with the implementation date of 1 January 2015 now less than six months away. Changes could impact on profits and net assets. It is important to get to grips with the main areas that will change under the new GAAP. Apart...

Tax implications of the new UK GAAP

by Jessica Garbett | Aug 4, 2014 | ACCA, business issues, financial reporting, HMRC

Businesses should be readying themselves for the transition to the new UK GAAP. Here we look at the main tax changes that will arise. Overview As things stand at the moment, entities are faced with quite a choice, when deciding which standard will be followed while...

New SORPs for Charities and LLPs

by Jessica Garbett | Aug 1, 2014 | ACCA, financial reporting

Charities SORP The FRC approved the SORP for the new Financial Reporting Standard (FRS 102) and the SORP for Financial Reporting Standard for Smaller Entities (FRSSE). Access the new SORP via ACCA’s Technical Advisory webpages The Consultative Committee of...

True and fair statement published by FRC

by Jessica Garbett | Jul 31, 2014 | ACCA, financial reporting

The Financial Reporting Council (FRC) has published a statement to confirm that the requirement to present a true and fair view remains of fundamental importance in IFRS and UK GAAP, including the new UK standards FRS 100 -103. The FRC’s statement reflects...

The new strategic report

by Jessica Garbett | Feb 11, 2014 | ACCA, accountancy regulation, financial reporting

The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 will apply to financial years ending on or after 30 September 2013. Guidance produced by FRC should be reviewed by all companies, with Appendix III providing Companies Act references to...

Next Entries »

Consultation on audit exemption

New UK GAAP: deferred tax

Tax implications of the new UK GAAP

New SORPs for Charities and LLPs

True and fair statement published by FRC

The new strategic report

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