Article
What is FRS 101?
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...
Article
IFRS17 and its impact on the Insurance sector
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...
Article
Accounting standard updates: SME standards updates, what does it all mean?
IASB's recent updates aim to reduce differences from full IFRS Accounting Standards while maintaining simplicity for small businesses. What does this mean?
Article
IFRS V UK GAAP
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.
Article
SUMMARY – IASB draft revised framework for preparing Management Commentaries
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...
Article
IFRS 16 Leases guide
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.
Blog
IFRS 17: Insurer’s future prospects
Read our blog on the new financial reporting standard, IFRS 17 which is considered a welcomed transformation for insurance firms.
Article
International Sustainability Standards Board launched
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...
Article
Are you accounting for your SaaS arrangements correctly?
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.