Accounting roundup — Closing Out 2021
Published on:
16 Dec, 2021
![Accounting roundup-Closing Out 2021 Image]()
Closing Out 2021 discusses the principal corporate reporting issues arising in respect of 31 December 2021 annual reports, covering areas of regulatory focus identified in the FRC’s Annual Review of Corporate Reporting 2020/2021, issues arising from climate change including new and forthcoming climate-related disclosures and developments in reporting standards.
The issues affecting December 2021 reporters include:
- the impact of climate change on the business and new disclosure requirements;
- the ongoing effect of COVID-19;
- reporting on other critical areas including section 172(1) and workforce engagement; and
- areas of regulatory focus identified in the FRC's annual review of corporate reporting 2020/21 including cash flow statements, judgements and estimates and going concern.
Our Closing Out 2021 publication covers all these topics and more, providing an invaluable guide to the issues affecting today’s corporate reporting.
Related Topics
- Board of Directors and Committees
- Diversity
- IAS 1 — Presentation of Financial Statements
- IAS 34 — Interim Financial Reporting
- IAS 37 — Provisions, Contingent Liabilities and Contingent Assets
- IFRS 7 — Financial Instruments: Disclosures
- IFRS 9 — Financial Instruments
- IFRS 15 — Revenue from Contracts with Customers
- IFRS 16 — Leases
- Corporate Governance
- UK Corporate Governance Code
- Climate risk
- Coronavirus (Covid-19)
- COVID-19
- Environment, Social and Governance (ESG)
- Narrative reporting - other
- Narrative reporting - strategic report
- Non-GAAP measures (including underlying profit)
- s172 reporting
- Accounting and financial reporting reminders - ESMA
- Brexit
- Conduct Committee
- Narrative reporting - EUNFRD
- SECR
- Task Force on Climate-related Financial Disclosures (TCFD)
- European Single Electronic Format (ESEF)
