financial reporting Archives - Page 9 of 13 - Whitefield Tax - Isle of Wight Accountants

Investment properties – practical issues adopting new UK GAAP

by Jessica Garbett | Jul 26, 2016 | ACCA, financial reporting

The main differences between FRSSE 2015, FRS 105 and FRS 102 and the new UK GAAP regime for transfers between investment properties and other classes of assets. Definitions In substance, the definition of investment property under the old and new standards is broadly...

Implementing FRS 102 – problem areas and how to account for them

by Jessica Garbett | Jul 12, 2016 | ACCA, financial reporting

This article highlights a number of FRS 102 issues raised by members where ‘new’ UK GAAP under FRS 102 is different from the previous treatment. It shows the accounting entries (and exemptions from FRS 102 where applicable) and also explains the tax consequences of...

FRS 102 intangible assets – what’s changed?

by Jessica Garbett | Jun 20, 2016 | ACCA, financial reporting

This article focuses on the main differences between the old and the new UK GAAP regime, concerning intangible assets. Detailed taxation adjustments relevant on transition and arising out of the reporting differences are outside of the scope of this article....

Going concern

by Jessica Garbett | May 10, 2016 | ACCA, financial reporting

The FRC has issued guidance on going concern to assist both SMEs and larger entities. Guidance on the Going Concern Basis of Accounting and Reporting on Solvency and Liquidity Risks: Guidance for directors of companies that do not apply The UK Corporate Governance...

FRS 105 – a new reporting regime for micro-companies

by Jessica Garbett | May 3, 2016 | ACCA, financial reporting

FRS 105 is a simpler reporting regime which is being introduced for a new sub-category of small company: the micro-entity. Micro-entities will have the greatest choice in reporting, where the choice will determine what is available to other users and different forms...

Spring 2016 Budget and Technical Briefing

by Jessica Garbett | Mar 16, 2016 | budget, business issues, business taxation, capital taxation, dividends, financial reporting, IR35, pension reform, pensions, personal finance, personal taxatation, property taxation, PSC

We’ve added a briefing on todays 2016 Spring Budget and other current technical issues 20136 03 technical briefing

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Investment properties – practical issues adopting new UK GAAP

Implementing FRS 102 – problem areas and how to account for them

FRS 102 intangible assets – what’s changed?

Going concern

FRS 105 – a new reporting regime for micro-companies

Spring 2016 Budget and Technical Briefing

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