Steve Collings

Steve Collings continues his exploration of FRS 102 with detailed advice on some of the challenges accountants will face when moving to the new standard for the first time.

Preparing accounts for LLPs can be perceived as being tricky to some practitioners, owing to the newness of their 10-year existence.

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In the second of a series of articles on the new UK GAAP

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At its board meeting on 5 March 2013, the Financial Reporting Council (FRC) finally approved FRS 102 ‘The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland’.

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Accounting for goodwill has always been one of the more controversial issues faced by accountants for many years, explains Steve Collings.

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Auditors will be required to warn investors about risks of “material misstatements” in clients’ financial accounts under proposals made by the Financial Reporting

It is not uncommon to hear of companies purchasing their own shares from shareholders, explains Steve Collings.

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The accounting for fixed assets is, in many cases, a straightforward exercise, but it isn’t always so when it comes to the issue of intangible fixed assets and rec

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Just before Christmas the FRC issued its proposals to address poor quality audit work identified in audit quality reviews. Steve Collings offers an initial overview.

The new UK GAAP project has been ongoing for quite a while and the good news is that we are finally nearly there with the whole project, explains Steve Collings. 

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