18 Aug, 2015
In June 2015, a joint working group of the Pensions Research Accounting Group (PRAG) and The Investment Association, published guidance to help pension schemes and their advisers fulfil their responsibilities in implementing the Statement of Recommended Practice "Financial Reports of Pension Schemes" ("the 2015 Pensions SORP") investment disclosure requirements. This briefing from Deloitte builds on the practical guidance in "A practical user guide to the 2015 Pension SORP" that we published earlier in the year.
16 Apr, 2015
This second edition of our pocket guide to FRS 102 provides a comprehensive overview of the requirements of each section of the standard and highlights key GAAP differences compared to both old UK GAAP and EU-adopted IFRSs effective for periods beginning on/after 1 January 2015. This edition has been updated to address amendments made by the Financial Reporting Council during 2014 in respect of financial instruments and hedge accounting as well as reflecting up-to date thinking in all other areas.
12 Feb, 2015
This publication from Deloitte is a practical user guide to the 2015 pension Statement of Recommended Practice (SORP) issued by the Pension Research Accountants Group (PRAG) in December 2014. The 2015 SORP sets out revised guidance for financial reporting by pension and replaces the 2007 SORP. It was issued following a consultation in April 2014 and is effective for accounting periods beginning on or after 1 January 2015, consistent with the effective date for FRS 100 ‘Application of Financial Reporting Requirements’, FRS 101 ‘Reduced Disclosure Framework’ and FRS 102.
16 Dec, 2014
Changing your GAAP, the follow-up publication to 2013’s publication Choosing your GAAP, summarises the options available under the new reporting framework, explains key differences in GAAPs, answers a number of the frequently asked questions that have arisen to date on GAAP transition and considers the practical implications of changing GAAP.
31 Jul, 2014
This publication from Deloitte examines the choice small charities ('small' as per the Companies Act) will have from 2015, in deciding whether to report under FRS 102 The Financial Reporting Standard Applicable in the United Kingdom and Republic of Ireland or the Financial Reporting Standard for Smaller Entities. The Charity Commission and the Office of the Scottish Charity Regulator have also prepared two separate statements of recommended practice, depending on which underlying standard is adopted.
31 Jul, 2014
This publication from Deloitte examines the new statement of recommended practice (SORP) for charities reporting under FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. The FRS 102 SORP replaces the existing SORP for periods beginning on or after 1 January 2015. Key differences to the previous SORP are highlighted.
23 Jun, 2014
This publication from Deloitte discusses the revised Statement of Recommended Practice (SORP) for the preparation of financial statements by UK authorised funds issued by the Investment Management Association (IMA) in May 2014.
19 Nov, 2013
This publication will help you to assess the new financial reporting frameworks available in the UK, identifying key accounting differences and their associated tax impacts, as well as frequently asked questions and a broader consideration of the impact of changing GAAP.
19 Nov, 2013
Focusing in particular on the replacement for current UK GAAP, FRS 102, this pocket guide provides a comprehensive overview of the requirements of each section of FRS 102 and highlights key GAAP differences compared to both existing UK GAAP and EU-adopted IFRSs effective for periods beginning on/after 1 January 2013. The guide additionally includes a comparison with certain IFRSs which are not yet mandatorily effective in the UK until 1 January 2014 but which may be relevant if you are considering your GAAP choice now.
19 Nov, 2013
This publication from Deloitte discusses some key considerations that management may wish to consider in transitioning to 'new' UK GAAP.
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