financial reporting Archives - Page 6 of 14 - Whitefield Tax - Isle of Wight Accountants

Charity SORP – related party disclosure

by Jessica Garbett | Nov 18, 2019 | ACCA, financial reporting

Summarising the requirements for disclosure of related party transactions. The charity SORP states that if ‘there have been no related party transactions in the reporting period that require disclosure, this SORP requires that this fact must be stated’. Where a...

ACCA on Charity reporting: a warning for auditors, independent examiners and trustees

by Jessica Garbett | Oct 8, 2019 | ACCA, business issues, financial reporting

ACCA share this update from Charities Omission New benchmark amongst resources designed to drive up the quality of charity reporting. A study by the Charity Commission highlighted that only half the accounts filed by charities met the requirements set by the Charity...

Accounting by limited liability partnerships

by Jessica Garbett | Feb 18, 2019 | ACCA, financial reporting

A topical summary of the new SORP for LLPs. As a reminder, the LLP SORP is effective for periods commencing on or after 1 January 2019. Early adoption is permitted, provided all amendments are adopted from the same date, with some limited exceptions. CCAB, when...

Directors’ remuneration and dividend disclosure requirements

by Jessica Garbett | Oct 22, 2018 | ACCA, financial reporting

Directors’ remuneration and dividend disclosure requirements A closer look at FRS 102 1A. ACCA’s Technical Advisory helpline has had many calls concerning the disclosure of directors’ salaries and dividends in small owner-managed companies that adopted FRS 102 section...

Preparing and filing FRS 105 accounts

by Jessica Garbett | Apr 19, 2018 | ACCA, financial reporting

A look at the most common errors and misunderstandings. Accounts prepared under FRS 105 are now an accepted and popular option for micro-entities. However, there are a number of important points about their preparation and how the information is filed at Companies...

When audit thresholds can be confusing

by Jessica Garbett | Oct 23, 2017 | ACCA, financial reporting

The audit thresholds for limited companies changed from 1 January 2016 – and can be confusing for companies. The statutory instrument implementing the 2013 EU Accounting Directive effective in the UK from 1 January 2016 has changed the audit thresholds for...

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Charity SORP – related party disclosure

ACCA on Charity reporting: a warning for auditors, independent examiners and trustees

Accounting by limited liability partnerships

Directors’ remuneration and dividend disclosure requirements

Preparing and filing FRS 105 accounts

When audit thresholds can be confusing

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