All articles by Stephen Bouvier – Page 10
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NewsAccounting roundup: IASB clears COVID-19 lease amendment
Plus: – ESMA cautions over COVID-19 P&L presentation – IIRC launches consultation
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NewsLCP: COVID-19 has limited impact on DB schemes’ funding levels
A large number of FTSE 100 pension schemes were in a relatively healthy position
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NewsEC proposes temporary easing of IFRS 9 credit loss rules
The move is expected to improve the transmission of monetary policy to the wider European economy
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AnalysisPensions accounting: A matter of survival
If there is one thing DB scheme sponsors and trustees can be sure of this year, the COVID-19 pandemic is going to affect not only their ability to fund schemes but also how they account for them
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Accounting roundup: ESMA addresses IFRS 9 COVID-19 implications
Plus: IASB delays insurance accounting standard; FRC reports on Kingman implementation progress
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AnalysisPensions accounting: IASB faces disclosure tussle
The story of the latest work by the International Accounting Standards Board (IASB) on pensions disclosures starts last July when the board agreed on two specific disclosure amendments that it wanted to make to International Accounting Standard 19 (IAS 19), Employee Benefits.
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NewsIASB votes to pause work on IFRIC 14 project, rethinks way forward
‘The IASB have been struggling with this for some time, but there are no easy answers’
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FeaturesIntegrated reporting: Accounting goes sustainable
Combining conventional financial reporting with non-financial reporting in a single integrated framework presents challenges
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Consultants give cautious welcome to HMRC’s guidance on GMP
Any increase resulting from GMP equalisation ‘is not a new entitlement’
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IASB gives go-ahead to hybrid schemes’ potential accounting solution
The board is currently working on a model dubbed the ‘capped ultimate costs adjustment approach’
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AnalysisEFRAG: Reaching a compromise
It is hard not to feel some sympathy for the technical staff working on the European Financial Reporting Advisory Group’s pensions research project
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Accounting roundup: EFRAG discussion paper gets mixed response
Plus: IASB agenda plans, EU adopts IASB’s amendments
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FeaturesAccounting Matters: Inflation measurement dilemma
If there is one issue that has seized the attention of defined benefit (DB) sponsors this reporting season, it is whether inflation should be measured using the consumer prices index (CPI) or the retail prices index (RPI). And Lane Clark & Peacock (LCP) partner Alex Waite is clear why: “There is a formula [for RPI] and the formula is wrong. It is like having an error in a spreadsheet,” he says.
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NewsUK consultants flag up divergent IAS19 practice over inflation, mortality assumptions
‘The big issue to watch for is whether companies reduce the assumed gap between RPI and CPI for this year end’
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NewsAccounting board joins calls for focus on environmental reporting
‘It is now beyond doubt that the financial impacts of climate change will be material for the vast majority of large companies’
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NewsIASB agrees DB pensions disclosures package
The IASB board decided to take a blank page approach to explore whether new or different information about employee benefits would be more effective
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FeaturesCorporate reporting: Where were the parents?
Financial reports are normally dull affairs. Apart from the endless reams of paper detailing figures that few people understand, most of us just want to know a few key facts: whether the bottom line profit number is higher or lower than last year; whether the overall balance sheet can be summed up with a correspondingly big number – big is always better; and, critically, whether there will be a dividend.
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NewsAccounting roundup: EFRAG proposes new approaches for pension promises
FRC completes annual survey of pension assumptions
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NewsAccounting roundup: FRC targets ESG for next reporting season
PIRC suggests FRC ignored s172, IASB completes hedge accounting amendments
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Country ReportDiscount rates: Stranger things
Negative interest rates are making Swiss pension funds more expensive
