2012 will hopefully see a breakthrough in the progress towards changing UK GAAP. Although many practitioners are not in favour of the change, the Accounting Standards Board (ASB) is working ha
The evolution of an international-based financial reporting framework for the UK has been dragging on for years. Steve Collings looks at what worries practitioners up most – the future of our
John Stokdyk discovers some unlikely members of the campaign for real financial reporting within the Lords Economic Affairs committee.
The impact of new accounting proposals that are closely aligned with International Financial Reporting Standards (IFRS) could result in many charities breaching loan covenants with their banks.
Technical lecturer Steve Collings has produced a step-by-step rundown explaining what medium-size companies will need to do when they apply FRSME for the first time. Download it here.
In this article, Steve Collings outlines the notable differences between current UK GAAP and the proposed ‘Financial Reporting Standard for Mid-Sized Entities’ (FRSME) which will largely affect
ASB technical director David Loweth and IASB chairman Sir David Tweedie urged UK accountants to stop dragging their feet over moving towards internationally based accounting principles.
In the first of a series of ‘FAQ’ articles, Steve Collings addresses some of the key aspects of the proposed Financial Reporting Standard for Mid-Sized Entities (FRSME).
Following the publication of the ASB’s Financial Reporting Standard for Mid-Tier Entities (FRSME), Steve Collings considers some of the key planning points for the transition ahead.