Lease accounting: what is happening?
In March 2024 the Financial Reporting Council issued details of improvements to FRS102, designed to enhance the quality of UK financial reporting.
Are company size thresholds changing?
The Conservative Government announced their intention to change company size thresholds in March 2024, in a bid to ease the UK regulatory burden, particularly in relation to non-financial reporting.
Accounting for Cryptocurrencies
Whether they confuse, scare, or excite you, most people have heard about cryptocurrencies in recent years. Elon Musk has been tweeting about them, El Salvador has officially adopted Bitcoin as legal tender, and corporates are beginning to accept and hold various cryptocurrencies. As there is wider adoption, more businesses will end up acquiring these digital assets which raises the question on how to account for them.