Financial reporting
This is the fourth in a series of articles that considers the accounting and disclosure requirements contained in FRS 102 'The Financial Reporting Standard applica
Conservative MPs have repeated their demand for the European Commission to appoint a commissioner to fight fraud in the European Union after a Lords report claimed that fraud is far higher than
Accountants could be asked to sign off financial reports on companies’ social, environmental and human capital performance under a proposal for integrated reportin
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.
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’.
The National Audit Office qualified the Department of Culture, Media and Sport’s accounts due to discrepancies arising from the BBC’s valuations of non-current assets such as land and buildings.
Accounting for goodwill has always been one of the more controversial issues faced by accountants for many years, explains Steve Collings.
It is not uncommon to hear of companies purchasing their own shares from shareholders, explains Steve Collings.
