Reasons for write-downs

Article Abstract:

Rules established in 1998 about impairment of fixed assets and applying goodwill have not been widely used because improved economic conditions in the UK, but disclosures of impairment losses have been categorized. Reasons include dropping metal and oil prices and gas production, the Russian economic crisis, and the effects of rationalization programs.

Evaluation, Goodwill (Business), Fixed assets

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Lease accounting: a new approach?

Article Abstract:

The UK Accounting Standards Board's proposal regarding new standards of lease accounting are evaluated. Topics include defining the differences between operating leases and financial leases, accurate reporting of financial assets, and possibilities for other accounting standards reform.

Accounting and auditing, Information services, Accounting Standards Board, Leases

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No early adoption of FRS 15

Article Abstract:

An analysis of reforms for the UK Financial Reporting Standards (FRS) is presented. FRS 15's impact on pub groups, and reasons for why some corporations will accept the change while others will not are evaluated.

Corporation reports, Company reports

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