CPD articles from AB magazine.Simply select a title to view the article.Should you pay a ransom to restore hacked data Its one of the new set of ethical dilemmas thrown up by the digital age that accountants face and must resolve.Guidance to members who are directors on their responsibilities in relation to financial and accounting matters and an overview of their general duties.Capital or Revenue Before worrying about CAs, you also need to consider whether the costs for the construction of a website should be classified as capital or.Notes Old UK GAAP includes a choice as to whether to present the reconciliation of movements in shareholders funds as a primary statement as previously stated IAS 1.October 2. 01. 7More systematic corporate disclosures about climate related risks are needed to improve investment capital allocation and speed up the shift to a low carbon economy.October 2. 01. 7The IASB is developing new and clarifying existing guidance in response to concerns about disclosure in financial statements.IPP is the world wide leader in providing Scheduled Airline Failure Insurance to the global travel industry.We also provide ABTA, ATOL, ABTA, BCH AITO.Adam Deller explains.October 2. 01. 7If you want something done in the workplace, you need to explain why it needs doing.Our talent doctor Rob Yeung explains why its important to ask in the right way.October 2. 01. 7Organisations need to have a bold vision for digital change and to make sure that they have a culture that supports it, explains Alison Young in the first of two articles 1 October 2.Capitalisation Of Software Costs Uk Gaap Ifrs' title='Capitalisation Of Software Costs Uk Gaap Ifrs' />As routine tax compliance becomes increasingly automated, practitioners stand to benefit from new opportunities provided that they are willing to adapt.October 2. 01. 7US tax managers are facing new challenges around compliance, process and data requirements in the face of transformational change for 2.Ramona Dzinkowski.October 2. 01. 7In this ethics special, Dr Geraldine Smith FCCA, assistant national director with HSEs internal audit division, says auditors are vital in holding voluntary agencies to account.October 2. 01. 7Sarah Pickering and Richard Curran from law firm LK Shields explain how changes under the Companies Accounting Act 2.September 2. 01. 7Managers need to be conscious of when their mind is impairing their decision making.Tony Grundy explains the dangers of cognitive bias and how to avoid it.September 2. 01. 7With the shadow economy amounting to 2.GDP, professional accountants need to understand its potential impact on their clients businesses and their own.September 2. 01. 7With the UKs exit from the European Union due to take place in 2.Richard Martin flags up some of the financial reporting issues that businesses should be aware of.September 2. 01. 7The profound changes to the accounting practices of Singapore insurers required by the new standard for insurance contracts make early mobilisation imperative.September 2. 01. 7Ramesh Ruben Louis explains the changes in accounting for revenue, borrowing costs and related party disclosures under MPERS compared with the PERS framework.September 2. 01. 7The new standard for insurance contracts will mean massive changes for Hong Kong insurers, with products and systems affected as well as reporting processes.September 2. 01. 7Adam Deller looks at the proposed changes to the accounting for testing an asset before it becomes available for use, which should end the arguments about capitalisation.September 2. 01. 7With only months to go, the heat is on to become compliant with Mi.FID II, a major regulatory overhaul that will affect any investment firm doing business in the EU1 September 2.Authentic leaders know their own values, beliefs and skills, and respond to the values, beliefs and needs of their colleagues.Rob Yeung explains how to be one.September 2. 01. 7While tax avoidance continues to be in the governments sights as it attempts to close the tax gap, the time has come to find the resources to tackle evasion head on.September 2. 01. 7If you lack confidence in yourself when making presentations, our talent doctor Rob Yeung offers three techniques that you can apply to make a better impression.July 2. 01. 7As cyber crime evolves to become more threatening, auditors need to up their game by adopting an intelligence led approach to cybersecurity.July 2. 01. 7Use of the grant date option to measure the fair value of equity settled remuneration is a key element of IFRS 2, but critics say it can lead to inaccurate reporting, warns Adam Deller.July 2. 01. 7Hong Kongs introduction of guidelines to strengthen the role of independent non executive directors in the banking sector could benefit professional accountants.July 2. 01. 7A new IPSASB consultation paper aims to clarify the issue of what a heritage item is and how it can be valued by public sector entities with heritage responsibilities.July 2. 01. 7Ramesh Ruben Louis looks at the changes in the new Malaysian Code on Corporate Governance, which was issued in April, and what they will mean for companies.July 2. 01. 7Foreign investors want big markets and growth economies but they also want the peace of mind of a high level of corporate governance.So how does Africa fareJuly 2.Following the devolution of corporation tax in Northern Ireland, there is talk that other UK regions could follow suit, but will the complexities outweigh the advantages July 2.Data analytics has a vital and transformational role to play in improving the quality of public sector decision making and strengthening political accountability.July 2. 01. 7Multinationals are spearheading a revival of interest in zero based budgeting as a robust method of cost control, but there are lessons for companies of all sizes.July 2. 01. 7Regulators in ASEAN countries are working with the Big Four firms to tackle the root causes of unacceptably high numbers of audit inspection findings.June 2. 01. 7The public sector is showing that it can be just as innovative as the private sector in leveraging technology to streamline transaction processes and cut costs.June 2. 01. 7In uncertain times adopting a flexible, fluid approach to planning can enable more creativity and encourage strategic thinking, says Tony Grundy.June 2. 01. 7Many insurance companies will need to make significant changes to their accounting policies to comply with IFRS 1.Adam Deller explains how the standard will work.June 2. 01. 7Nearly 7.OECD countries have adopted accrual accounting for year end reports but, as a new study shows, many have a long way to go in using this to shape policy.June 2. 01. 7With boards and finance teams notably lacking in digital skills, the rapid growth in cyber attacks makes tech upskilling at senior and finance levels increasingly urgent.June 2. 01. 7Its not the information you convey so much as the order in which you say it thats the clincher when it comes to negotiating, as our talent doctor Rob Yeung explains.June 2. 01. 7Always on technologies are blurring the boundaries between work and home life.Firms need to lay down social media rules to protect themselves and their staff.June 2. 01. 7After the governments U turn on NI contributions, tax advisers are wondering if unintended consequences are the inevitable result of a complex tax code.June 2. 01. 7Ramesh Ruben Louis provides a roundup of the new standards and auditors responsibilities as MPERS comes into effect.May 2. 01. 7Any company handling the data of EU residents should start preparing now for its stringent new data protection rules.May 2. 01. 7Successful negotiators dont crack under pressure and know how to stay in control of the process.Harry Mills offers expert advice on making and obtaining concessions 1 May 2.Proposed changes to IAS 1.IAS 2. 3 and IAS 2.IASBs annual improvements process, says Adam Deller. Cad Cam Software For Hobbyist Milling . May 2. 01. 7Artificial intelligence has the power to take the drudgery out of routine tasks in financial and legal services but it could also lead to the widespread loss of entry level jobs 1 May 2.All change management projects comprise hard and soft components, and it is a failure to understand the latter that can really scupper the plan, says Alison Young.April 2. 01. 7Thomas Mueller Marques Berger and Serene Seah Tan look at IPSAS 4.April 2. 01. 7In the second in a series on the IASBs changes to the Conceptual Framework, Adam Deller examines some contentious issues.April 2. 01. 7We know the role analytics plays in tracking consumer spending habits.But, asks Alison Young, how can companies use this data to manage employeesMarch 2.The IASBs Conceptual Framework is being renovated, says Adam Deller, and is turning out to be a bigger task than anticipated.March 2. 01. 7As auditors get up to speed with the IAASBs revised ISA on audit reports, Martyn Jones and Carol Masters look at the UK experience.March 2. 01. 7 When leading organisational change, dont overlook the power of technology to help you increase employee engagement and deliver the right results, says Alison Young 1 February 2.An IFRS for private entities.Increasingly, over the past quarter century, small and medium sized entities SMEs have expressed concern that the accounting standards they are required to follow are becoming more and more burdensome.Some of that burden is unavoidable.Traditional simple accounting principles just were not designed for the complex transactions that some small companies enter into for instance, derivatives and hedging, foreign operations, business combinations, asset sales with strings attached, pension obligations, and revenue transactions with multiple deliverables.But, certainly, part of that burden has arisen because accounting standards designed for public capital markets are increasingly being pushed down to entities without public accountability, either because their jurisdiction has replaced its national GAAP with International Financial Reporting Standards IFRSs or has been, little by little, converging its national GAAP with IFRSs.The International Accounting Standards Board IASB,1 which develops IFRSs, is working on a separate IFRS for Private Entities.As part of that project, in February 2.IASB published for comment an exposure draft ED of a proposed private entity standard titled IFRS for Small and Medium sized Entities.During the 3 years, that the IASB worked to develop the proposal, the Board had been using the term SMEs to describe the entities that would be within the scope of the resulting standard.That term is widely used throughout the world, although less so in the United States.For reasons explained later in this article, in May 2.IASB decided to replace the term SMEs with private entities.The resulting standard will be titled the IFRS for Private Entities.This article uses the term private entities.The IASBs February 2.ED is a simplified, self contained set of accounting principles that are appropriate for smaller, non listed companies.It is based on full IFRSs, which have been developed to meet the needs of listed companies in public capital markets, with modifications for a private entity environment as explained more fully later in this article.Comments were due by 3.November 2. 00. 7.By removing choices for accounting treatment, eliminating topics that are not generally relevant to private entities, simplifying methods for recognition and measurement, and omitting many disclosures, the ED reduces the volume of accounting guidance applicable to private entities by more than 8.IFRSs. As a result, the ED offers a workable, self contained set of accounting standards that would allow investors for the first time to compare private entities financial performance across international boundaries on a like for like basis.This article discusses.IASBs reasons for issuing an IFRS for private entities,the types of entities at which it is aimed,what the IASB has proposed in the ED and why,what the IASB has not proposed, and why not,how the IASB reached the conclusions that it did,how the IASB plans to maintain the standard after it is issued,comment letter responses to and field testing of the ED,the IASBs re deliberations through July 2.IFRS for Private Entities, andplans for training materials.Keywordssimplified IFRSs IFRS for SMEs private companies IASB Big GAAP, little GAAP small business.
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