financial reporting Archives - Page 8 of 14 - Whitefield Tax - Isle of Wight Accountants

Model accounts for charities

by Jessica Garbett | Jun 26, 2017 | ACCA, financial reporting

The Charity Commission has updated its accounts pack for charitable companies with income under £500,000. CC17 Charity accounting templates: accruals accounts (CC17) SORP FRS 102 for charitable companies provides templates, suggested notes and explanation, and...

FRS 102: a great early change

by Jessica Garbett | Jun 5, 2017 | ACCA, accountancy regulation, business issues, financial reporting

Welcome changes ahead in FRED 67. Well done FRC. Last month we highlighted that the triennial review has taken place and the FRC in FRED 67 Draft amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland is proposing a few...

FRS 102 simplifications will help small companies

by Jessica Garbett | May 29, 2017 | ACCA, financial reporting

The triennial review of FRS 102 has taken place and the FRC is proposing a number of changes. This review takes into account stakeholder feedback on the implementation of FRS 102. Of particular interest are the proposed simplifications to accounting for directors’...

Changes to Persons With Significant Control regime – action now required

by Jessica Garbett | May 12, 2017 | ACCA, business issues, financial reporting

New measures to help prevent money laundering and terrorist financing are on their way. On 26 June 2017 changes will be made to UK anti-money laundering measures which are designed to help prevent money laundering and terrorist financing. These measures will increase...

Audit threshold to increase for small co-operatives

by Jessica Garbett | May 4, 2017 | ACCA, business issues, financial reporting

Audit threshold to nearly double. It was announced in the Budget that the government will bring forward legislation to increase the turnover threshold for which co-operatives are required to conduct a full audit from £5.6m to £10.2m, and the assets threshold from...

SORP updated to reflect LLP regulations

by Jessica Garbett | Mar 6, 2017 | ACCA, financial reporting

Guidance on the latest changes to the SORP. The SORP has now been updated to reflect the LLP regulations that were issued in May 2016 and has also been updated to reflect earlier changes that have been made to FRS 102 and 1a. It can be used now as it applies for all...

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Model accounts for charities

FRS 102: a great early change

FRS 102 simplifications will help small companies

Changes to Persons With Significant Control regime – action now required

Audit threshold to increase for small co-operatives

SORP updated to reflect LLP regulations

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