Balance Sheet
Our coverage on the balance sheet focuses on the financial reporting standards, regulatory expectations, and analytical insights shaping the preparation and interpretation of balance sheets in the UK. Accountancy Today reports on developments in IFRS and UK GAAP that affect asset recognition, liability measurement, and equity disclosures. We analyse how economic shifts, such as interest rate movements and inflation, influence balance sheet strength across sectors, including financial services, retail, and real estate. Our editorial also explores audit scrutiny, valuation challenges, and the role of accountants in presenting accurate and compliant financial statements. This coverage supports accountants, auditors, and financial controllers in maintaining high standards of financial transparency and reporting integrity.
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Apr- 2025 -29 AprilBusiness
Interpath advises on Biscuiteers sale
Interpath has advised on the sale of original hand-iced biscuit company Biscuiteers to a newly formed company, which will be majority owned by its founders and members of the management team. The transaction follows a funding options review undertaken by the company with support from Interpath Advisory and was completed…
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14 AprilBig Four
CFOs adopting most ‘defensive strategies’ since pandemic, Deloitte finds
UK CFOs are assuming their most defensive strategy stance since the early days of the pandemic in the face of rising operating costs and significant uncertainty over tariffs, Deloitte revealed. According to Deloitte’s latest survey of UK CFOs which closed on 31 March – two days before the US announced…
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Mar- 2025 -21 MarchBusiness Recovery
FTS Recovery appointed to oversee In The Style sale
FTS Recovery has overseen the sale of Manchester-based online fashion brand, In The Style, to Alps Sourcing Limited, rescuing the business from administration. In The Style’s former owner, Baaj Capital, rolled its facility into the purchasing entity as part of the transaction to Alps Sourcing. The pre-pack sale, which saved…
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Feb- 2025 -18 FebruaryAccounting Firms
Baker Tilly achieves SASP license in Ireland
Baker Tilly has announced that it is the first member of the ACCA to achieve the Sustainability Assurance Service Provider (SASP) licence in Ireland. The SASP licence accredits the firm for sustainable accounting and audit services in line with the requirements of the CSRD. Firms considered ‘large’ under the CSRD…
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Dec- 2024 -17 DecemberLatest News
Financial Reporting Standard changes to affect operating leases from 2026
The upcoming changes to Financial Reporting Standard 102, effective for accounting periods commencing on or after 1 January 2026, will require nearly all material operating leases to be brought onto balance sheets. The amendments to lease accounting standards will impact all businesses when they come into force, introducing new complexities…
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Nov- 2024 -18 NovemberBusiness
Investcorp acquires PKF O’Connor Davies
Investcorp, a Bahrain-based private equity group, has acquired PKF O’Connor Davies, a privately owned tax and accounting firm in the US. This transaction represents a significant milestone for PKFOD, adding two experienced investors that will help fuel growth and expand service offerings to enhance the overall client experience. According to…
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8 NovemberFeatures
Cutting costs, saving time: how efficient accounting services make a difference
Reduce Cost and Save Time with Top Accounting Services By taking advantage of efficient accounting services, your company can reduce operation costs, ensure compliance with accounting regulations and improve operational efficiency. Outsourcing your accounting services offers the business a team of experienced experts who are willing to drive your company…
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Oct- 2024 -8 OctoberComment
Late payments, cashflow and balance sheets: SMEs battling against insolvency
Recent data reveals that corporate insolvencies are at a 30-year high, with more than 25,000 registered in 2023 alone, and July 2024 saw the highest monthly number of compulsory liquidations since the onset of the pandemic. In an uncertain economic climate, it’s never been more important for small businesses to…
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Sep- 2024 -17 SeptemberLatest News
Today’s news in brief – 17/9/2024
Galliford Try has delayed releasing its annual results due to a request from auditor BDO for more time to complete the audit. Originally scheduled for September 19, the results will be released at a later date. BDO, which has served as the company’s auditor since 2018, is completing audit quality…
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17 SeptemberAudit
BDO delays Galliford Try audit
Construction company Galliford Try has revealed that it has delayed the release of its annual results as auditor BDO needs more time to complete the audit. The results were due to be published Thursday 19 September but the group will now post them at a later date. The company has…
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