CAA/ATOL reporting

The Civil Aviation Authority (CAA) has issued an invitation to the professional accountancy representative bodies to participate in the scheme for ATOL Reporting Accountants (ARA).

Ending late payment

ACCA's review of the widespread problem of late payment, a life-threatening challenge for many businesses globally, has been published in a series of three reports.

Technical factsheet 192: Alternative dispute resolution (ADR)

The purpose of this factsheet is to provide guidance in respect of alternative dispute resolution (ADR) and the changes currently taking place in the UK.

Global economic conditions survey report: Q1, 2015

The 25th report of the quarterly ACCA–IMA survey.

Carbon accounting for small businesses

David York explains how professional accountants can help businesses improve competitiveness by becoming greener.

Social investment tax relief

The social investment tax relief factsheet has been updated

Culture and channelling corporate behaviour

Pauline Schu introduces findings from a one-year global study into corporate culture and the drivers of organisational behaviour.

Draft amendments to FRS 100, application of financial reporting requirements and FRS 101 reduced disclosure framework

Comments from ACCA to the Financial Reporting Council.

Draft amendments to FRS102 – small entities and other minor amendments

Comments from ACCA to the Financial Reporting Council.

Draft FRS 105 - The financial reporting standard applicable to the micro-entities regime

Comments from ACCA to the Financial Reporting Council.

Technical factsheet 157: Employee shareholders

This scheme was introduced on 1 September 2013 by the Enterprise and Regulatory Reform Act 2013. The idea behind it was to create a new class of employee who would have a stake in the company, but not enjoy the same employment rights as normal employees.

Technical factsheet 157: Employee shareholders

This scheme was introduced on 1 September 2013 by the Enterprise and Regulatory Reform Act 2013. The idea behind it was to create a new class of employee who would have a stake in the company, but not enjoy the same employment rights as normal employees.

Proposed International Standards on Auditing: ISA 800 (Revised) and ISA 805 (Revised)

Comments from ACCA to the International Auditing and Assurance Standards Board.

Disclosure initiative: proposed amendments to IAS7

Comments from ACCA to the International Accounting Standards Board.

Expenses and benefits

A number of changes came into force on 6 April

Proposed changes to Part C of the Code addressing presentation of information and pressure to breach the fundamental principles

Comments from ACCA to the International Ethics Standards Board for Accountants.

Proposed changes to Part C of the Code addressing presentation of information and pressure to breach fundamental principles – IESBA consultation

The International Ethics Standards Board for Accountants (IESBA) has proposed changes relating to accountants in business regarding presentation of information and pressure to breach the fundamental principles.

Tomorrow’s finance enterprise

This report investigates the key influences shaping the future role of the CFO and tomorrow’s finance enterprise.

Prompt payment discount invoice changes

There have been amendments to the Prompt Payment Discount legislation from 1 April 2015.

The drivers of audit quality

ACCA and Macquarie University conducted an online survey about perceptions of CFOs, auditors and company directors on the drivers of audit quality.

Canadian CFO Sentiment Study - March 2015

Canadian finance executives are showing great confidence in the US market in 2015, however when it came to their views on the domestic or global economy, most took the middle ground.

Review of suspicious activity report (SARs) regime

Comments from ACCA to the Strategic Centre for Organised Crime.

Universal Credit

Universal Credit is being introduced in stages across the country and the guidance has once again been updated.

VAT update

Revenue and Customs Brief 2 (2015): VAT grouping rules and the Skandia judgment explains HMRC’s current position following the decision of the European Court of Justice judgment.

Charities

Changes to the audit requirement for charities have been announced, with the government stating that implementation of the changes will be brought forward.

Disclosure: too much or too little?

The Financial Reporting Council’s (FRC) Financial Reporting Lab, in its project to help companies and investors improve reporting, has a broad aim to ‘remove clutter’ from accounts

Capital Markets Union

Capital Markets Union (CMU) is a European Commission plan that aims to create deeper and more integrated capital markets in the 28 member states of the European Union.

New standards for turnovers under £10.2m

The Financial Reporting Council (FRC) launched a consultation on three financial reporting exposure drafts (FREDs) that make amendments to UK GAAP and base them on the FRS 102 framework

Thresholds

Still in a draft form, the Statutory Instrument sets out the new threshold limits

Classification and measurement of share-based payment transactions: proposed amendments to IFRS 2

Comments from ACCA to the International Accounting Standards Board.

UK GAAP: the new regime

Convergence of financial reporting standards is at last in sight with the publishing by the FRC of FRS 100, FRS 101 and FRS 102, which between them set out the new UK GAAP framework that will be mandatory from 1 January 2015. Early adoption is permitted, and indeed encouraged, but mandatory implementation will be for accounting periods beginning on or after 1 January 2015

Auditing and ethical standards – implementation of the EU audit directive and audit regulation

Comments from ACCA to the Financial Reporting Council.

Increasing gender diversity to boost performance

This paper aims to help finance professionals understand the value of gender diversity and make the business case for diversity to their peers.

HMRC sets out payroll penalties approach

Employers that have received an in-year late filing penalty for the period 6 October 2014 to 5 January 2015 and were three days late or less should appeal online.

GAAP: Model accounts

ACCA has produced model accounts based on both the FRSSE 2015 and FRS 102.

VAT Update - March 2015

Updates on VAT MOSS and businesses which are alcohol wholesalers.

New guidance for trustees of charities

The Charity Commission has issued guidance for trustees considering tax arrangements.

Tax penalty regime, mitigation, suspension and current developments

HMRC is examining its tax penalty regime. Learn how and have your say.

Finance Bill 2015

A summary of the key provisions included in the Finance Bill 2015 and measures that have an immediate effect.

GAAP: Software and website development costs

What impact will new UK GAAP have on certain technologies?

GAAP: Employee benefits

How to account for employee benefits under the new standard.

GAAP v FRS 102: cash flow statement

A look at the cash flow statement when transitioning to FRS 102.

GAAP: Foreign currency translation

Understanding the treatment of foreign currency under FRS 102.

GAAP: Deferred tax

How will deferred tax change under FRS 102?

GAAP: Consolidated financial statements and business combinations, current GAAP v FRS 102

How to address business combinations under FRS 102.

GAAP: Accounting for investment properties

Analysis of how to treat investment properties under FRS 102.

GAAP: Small company limit increases in 2015 or 2016?

Should a company transition to FRS 102 this year, or wait until 2016?

GAAP: Recognition of intangibles and goodwill: old GAAP v FRS 102

A comparison of the recognition treatment of intangibles and goodwill between old UK GAAP and FRS 102, including the potential tax impact of the new standard.

GAAP: Measurement of basic financial instruments: old GAAP v FRS 102

A comparison of the measurement treatment of basic financial instruments between old UK GAAP and FRS 102, including the potential tax impact of the new standard.

FRC issues new FREDs streamlining UK GAAP

On February 19 2015, the FRC launched a consultation on three financial reporting exposure drafts (FREDs) that make amendments to UK GAAP and base them on the FRS 102 framework.