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The next phase of International Financial Reporting Standards (IFRS) updates will bring significant changes, particularly in revenue recognition for SMEs and foreign currency transactions and disclosures. Navigating these updates will...
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FRS 101 is a framework that allows qualifying subsidiaries to benefit from a reduced disclosure requirement in their individual financial statements. This means that these entities can provide less information...
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IFRS17, also known as the International Financial Reporting Standard 17, is a set of accounting standards developed by the IASB. They represent a significant overhaul of accounting practices around insurance...
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IASB's recent updates aim to reduce differences from full IFRS Accounting Standards while maintaining simplicity for small businesses. What does this mean?
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Find out which accounting standard you should apply when preparing a set of financial statements in the UK in order to comply with the UK Companies Act 2006.
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A Management Commentary is a report that supplements an entity's financial statements. On May 27, 2021, the IASB in response to the changing information needs of investors and creditors and...
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IFRS 16 Leases became mandatorily effective for annual reporting periods beginning on or after 1 January 2019. Read our guide on the significant changes for lessees.
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Read our blog on the new financial reporting standard, IFRS 17 which is considered a welcomed transformation for insurance firms.
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The International Financial Reporting Standards Foundation (IFRS) launched its International Sustainability Standards Board (ISSB) at the UN Climate Change Conference (COP26). This article discusses the aims and next steps for...
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Software-as-a-Service (SaaS) or cloud-based software, is becoming mainstream, but as businesses move away from on-premises software they need to be aware of the accounting implications.
