FRS 102 introduced extensive measurement and disclosure rules for non-basic financial instruments. Property companies were affected but these new rules may assist in simplifying disclosure as more loans will be defined as basic.
Proposed changes to FRS102, the ‘new’ UK GAAP
Published on 24th April 2017
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There is strong overseas demand for Britain’s creative output. Creative services are relatively easy to export. And many of the country’s creative firms are based in London, a location that’s renowned as a global business and creative hub.
Going abroad in search of creative growth
Published on 10th April 2017
For those agreements that fall within the grey area, treating something as a contract when it should be treated as a grant could mean that income is significantly understated in a charity’s accounts. This could be the difference between being subject to audit or not, and may distort figures provided as part of funding applications.
Grant or contract – accounting treatment
Published on 21st March 2017
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