Technical factsheet: Lease accounting under FRS 102

This technical factsheet examines the new lease accounting treatments in FRS 102 (September 2024)

Technical factsheet: Conversion from cash to accruals accounting for charities: the key considerations for charity trustees and those helping them make the switch

Our new factsheet explains what the switch to accruals accounting involves to help trustees make the choice

Technical factsheet: Going concern and the alternative basis of accounts preparation for charities reporting under UK-Ireland Generally Accepted Accounting Practice (GAAP)

Aimed at trustees and treasurers of smaller charities and independent examiners, this Factsheet explores how and when to prepare charity accounts on an alternative basis to going concern.

Professional Conduct in Relation to Taxation (PCRT)

Professional Conduct in Relation to Taxation (PCRT) sets out the professional standards that are expected of a member when undertaking tax work.

Technical factsheet: property tax

Our comprehensive factsheet covers all aspects of property tax, from VAT, property income and dealing with developers to CGT, SDLT and dealing with issues around separation and divorce

Technical factsheet: am I AML compliant?

Our checklist includes the controls that firms must have in place to ensure that they are compliant with the Money Laundering Regulations

Technical factsheet: accounting for cryptocurrencies

the accounting aspects for cryptocurrencies can be confusing as there is no specific accounting standard in this area

Technical factsheet: international VAT

This extensive factsheet covers a range of issues, including export and import, new rules of origin for customs duty, e-commerce, cross-border refunds and the Northern Ireland protocol

Technical factsheet: deferred tax

This factsheet provides guidance on deferred tax, including the scope of FRS 102, Section 29; basic principles; timing differences; and disclosure requirements

Technical factsheet: accounting for property valuations

This technical factsheet outlines the accounting treatments for both types of property, including the relevant deferred tax consequences. Throughout the factsheet, we will highlight the key differences between the requirements of UK GAAP and IFRS Standards, so that users can ensure that the correct accounting treatment is applied depending on the requirements of the applicable financial reporting framework.

Technical factsheet: Russia sanctions: OFSI reporting obligations

This factsheet outlines the guidance produced by the Office of Financial Sanctions Implementation

Technical factsheet: latest guidance on intangible fixed assets regime

HMRC has brought together the key legislative changes

Employment factsheets

Use ACCA's suite of factsheets to ensure that you comply with legal requirements for employees

Technical factsheet: shares owned by children: legal and tax implications

Many business owners consider giving their children shares and then paying dividends on those shares, looking to take advantage of the children’s personal tax allowances

Engagement letters

Our suite of factsheets will show you how to create client letters for tax and accounts production

Technical factsheet: Immigration advice and services

Find out more about the legal requirements

Technical factsheet: consolidated statements

Consolidated financial statements provides an overview and refresher including practical examples and legislative references when consolidations are undertaken under FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Technical factsheet: matters of material significance reportable to the charity regulators

Guidance for auditors and independent examiners on reporting matters of material significance to UK charity regulators

Technical factsheet 180: related party disclosures

This factsheet provides guidance on the collection and disclosure of related party transactions within statutory financial statements

The apprenticeship landscape in England, Scotland and Wales

Find out about ACCA's apprenticeships and the funding available

Technical factsheet: dividend in specie and distribution in specie in private companies

This factsheet looks at company law, reporting and tax issues to provide a broad overview of issues in relation to dividends and distributions in specie

Technical factsheet: shareholders’ agreements

Having a shareholders' agreement often turns out to be invaluable in dealing with any disputes or unexpected events

Technical factsheet: LIBOR transition – SME frequently asked questions

This factsheet covers all the main information needed to prepare for the transition away from LIBOR, and provides links to the documents and websites that offer more detail.

Technical factsheet: partnership law and practice

This factsheet emphasises the importance of putting a partnership agreement in place for partners and advisers

Technical factsheet: reporting grants claims under SEISS

This guidance will help you comply with obligations under Professional Conduct in Relation to Taxation

Technical factsheet: how to submit a good-quality suspicious activity report (SAR) using the NCA SARs online portal

Follow this useful guide to ensure you provide the right information to the National Crime Agency

Engagement letters for tax practitioners

Engagement letters for tax practitioners provide guidance about engagement letters for tax work, including VAT schedules following Brexit

Technical factsheet: Treatment of off-payroll arrangements – IR35 summary

The aim of IR35 is to seek to prevent contractors avoiding tax and national insurance contributions by treating them as employees for tax purposes.

Technical factsheet: apprenticeships in the finance function

Apprenticeships are a highly cost-effective way for you to recruit and develop ambitious new talent to help you

Brexit impact on recognition of professional qualifications

Find out more about how you may be affected

Technical factsheet: visiting the UK or EU after the transition period

This technical factsheet offers a guide to the major changes including around passports, visas, right to work, health insurance and driving

Technical factsheet: freedom of movement to live and work in the EU or UK after the transition period

On 31 December 2020, the transition period between the UK and EU formally closes and freedom of movement to live and work between the EU, EAA, Swiss and UK states will change.

Technical factsheet: freedom of movement to study in the UK or EU after the transition period

After 31 December 2020, the rules for UK students at EU institutions and vice versa change

Technical factsheet: ATOL reporting to the Civil Aviation Authority

ATOL reporting accountants must fulfil the CAA's requirements

Technical factsheet: business recovery options

This factsheet explores the recovery work you can undertake with your clients, and provides guidance on when you would need to consider other options in light of the new Corporate Insolvency and Governance Act 2020.

Anti-money laundering guidance

The CCAB releases updated guidance for the accountancy sector

Technical factsheet: VAT issues with online trading

Identifying the customer and the delivery address is crucial to determine the correct treatment

Technical factsheet: accounting for Covid-19 grants and reliefs

This technical factsheet, which was updated in October 2020, aims to address the accounting aspects of some of the grants and reliefs made available by the government due to Covid-19

Technical factsheet: Fair value accounting and distributable reserves

This factsheet explores which items in a company’s balance sheet must be or may be measured at fair value and considers how changes in fair value are recognised

Technical factsheet: landlord reliefs and taxes

Over the past 10 years the government has attacked the buy-to-let market with a raft of new provisions designed, in part, to make this activity less attractive. This factsheet explores the reliefs and taxes affecting landlords.

Technical factsheet: inheritance tax planning

Unlike income tax, inheritance tax is something that clients will prefer not to think about until a fairly momentous stage in their life

Technical factsheet: corporation tax trading losses – group relief

Part 5 of Corporation Tax Act 2010 allows a company to surrender losses and other amounts

Technical factsheet: suspicious activity reports (SARs)

A suspicious activity report (SAR) is a way of notifying law enforcement about a client or behaviour that appears to be suspicious and potentially related to money laundering or the financing of terrorist activities.

ACCA's anti-money laundering review process

Our members play a vital role in the fight against money laundering and terrorist financing

Technical factsheet: ACCA anti-money laundering (AML) monitoring review process

The ACCA monitoring review arrangements are designed to protect the public interest by ensuring ACCA-supervised firms are putting the right systems and controls in place to comply with money laundering regulations.

Technical factsheet: client due diligence

Client due diligence (CDD) is an important measure available to accountants to prevent money laundering and avoid their practices being used by criminals to launder the proceeds of crime.

Technical factsheet: identifying client risk

Client risk is the money laundering and terrorist financing and other financial crime risk potentially posed by a client – to which your firm may be exposed to.

ACCA client risk-assessment tool and know-your-client form

This Excel document provides a basic know-your-customer form and client risk-assessment template that can be used as a starting point.

Technical factsheet: treatment of benefits in kind – P11D guidance

There are special rules relating to certain kinds of benefit. However, in the absence of specific rules, the methods ‘cost to the employer’ and ‘money’s worth’ can be used to calculate the taxable value of benefit in kind.

Technical factsheet: Engagement letters for practitioners – accounts production

Engagement letters for practitioners – accounts production, issued in May 2020, provides engagement letters, guidance notes to the appendices, covering letter, privacy notice, schedules of services, standard terms and conditions of business and disengagement letter wording.