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Recent topics have included GAAR, New UK GAAP, iXBRL and online accounting
As part of the New UK GAAP accounting standards, new taxonomies are required to allow the tagging of iXBRL accounts. In addition, the FRC have taken this opportunity to create a new IFRS taxonomy as the existing one was considered lacking and they wanted to create consistency across all the taxonomies. This white paper contains a full description of these changes.
Under IFRS, companies do not have to itemise research and development expenses, but, increasingly, the big spenders are revealing more detail in annual reports, says David Stein
Julia Penny FCA, accounting and audit Content Manager at CCH, outlines 5 common pitfalls with LLP accounts.
In the final part of our series on new UK GAAP, Helen Lloyd FCA considers changes to impairment
This module deals with Section 29 - current tax (presently in UK Generally Accepted Accounting Principles (GAAP) Financial Reporting Standard (FRS) 16) and deferred tax (presently dealt with in FRS 19).