All articles by Stephen Bouvier – Page 9
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News
IAS 1 faces UK endorsement challenge, LAPFF warns FRC
Once the UK leaves EU institutions at the end of this year, accounting standards will be handled by a new UK endorsement body
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Features
Accounting matters: Totalling the sub-totals
A project that at its simplest is about the layout of financial statements should be uncontroversial. But the International Accounting Standards Board’s Primary Financial Statements project faces a potentially big test.
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NewsSurvey: FTSE 350 discount rates narrow
‘Market volatility in the first half of 2020 led to falls in discount rates’
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News
Mercer survey reveals FTSE 350 DB accounting deficits skyrocket by £13bn
Total DB liabilities reached £970bn at the end of July
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News
LAPFF warns IASB proposals fail to satisfy UK post-Brexit legal test
The forum said that without ‘further substantial changes’ the new IFRS ‘as it stands is un-endorseable’.
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NewsAon: FTSE 350 DB scheme funding gap widens
The top 10% of DB schemes were funded to at least 115% last year, while the bottom 10% were less than 80% funded
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NewsFRC seeks members, views for stakeholder reporting panel
The project will include corporate reporting obligations under section 172 of the Companies Act 2006
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NewsIASB green light to revamp IAS 19 disclosure requirements
Plus: EU adopts proposal package for new IFRS 9 rule book; Amendements to IFRS 17
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Features
Accounting Matters: Controversy over sponsor rebates
In 2014, staff at the International Financial Reporting Standards Interpretations Committee (IFRS IC) – the body responsible for developing guidance on the application of IFRSs – recommended the approval of an amendment to its asset-ceiling guidance.
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News
Greek, Italian lenders receive capital boost from EU IFRS 9
‘Provision to market participants of continuous information on banks’ exposures and asset quality is crucial’
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Features
Accounting Matters: Will IFRS 9 cause a new crisis?
The global financial crisis of 2008-09 was fertile ground for the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB). Suddenly everyone was talking about flawed accounting. Globalisation was king, bigger was better, and politicians were keen to assuage public anger that banks which seemed were healthy were in fact insolvent.
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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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News
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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News
Consultants give cautious welcome to HMRC’s guidance on GMP
Any increase resulting from GMP equalisation ‘is not a new entitlement’
