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Closing Out 2014

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19 Dec 2014

Welcome to our one-stop shop for all the issues which you need to consider as you prepare 2014 accounts and look forward to 2015. This year there are plenty of them!

To mention just a few the new consolidation, joint ventures and disclosure of interests in other entities Standards are now in force and don’t forget the switch to the new UK GAAP for which 2014 is the comparative year – the processes for dealing with this transition all need to be fully thought through now.

There have been changes to the guidance on strategic reporting and the rapidly changing world of integrated reporting should also be on your radar.

Don’t forget to dip into the Deloitte Annual Report Survey for best practice examples of corporate reporting. It is the ideal guide to how to do it better. On that theme, a body that always likes to see things done better is the Financial Reporting Council; this page also gives you a complete guide to their priorities for the current reporting season. These friendly reminders cover everything from their ‘clear and concise’ principles and the need for accounts to be ‘fair, balanced and understandable’ to specific IFRS requirements that have caught their eye and the areas of net debt reconciliations and cash flow disclosures which investors told the Financial Reporting Lab they would like to see.

This page gives you all the resources you need to navigate your way around the increasingly interconnected and complex requirements of corporate reporting.

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Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.