Companies using IFRS accounting standards, which include all listed companies, are now in the process of ensuring that they comply with the new regulation, IFRS 16, which stipulates that the value of leased assets and all associated payments due are shown on company balance sheets. The new rules applied from 1 January 2019 and the biggest change for companies affected is that leases previously defined...Read More
The new leases standard – IFRS 16 – will require companies to bring most leases on-balance sheet from 2019. Under the new standard, companies will recognise new assets and liabilities, bringing added transparency to the balance sheet. At present, many analysts adjust financial statements to reflect lease transactions that companies hold off-balance sheet. For the first time, analysts will be able to see a company’s...Read More
Philip Hammond presented his budget on 29 October 2018 against a backdrop of relatively slow economic growth but with something of a windfall in terms of unexpectedly high tax receipts during the past twelve months. A significant spending commitment had already been pledged to the NHS and Theresa May had promised an end to ‘austerity.’ The risk of a back bench rebellion ruled out any...Read More
Keeping on top of technology trends is one of the most important indicators of survival, especially for small and medium businesses. According to a survey from Couchbase and Vanson Bourne, most executives believe that keeping pace with digital transformation is the key to staying in business. But despite this, the vast majority of SMBs simply don’t have access to the right level of technology to...Read More
Our world is now dominated by talk of a new industrial revolution, one that takes digitalisation and artificial intelligence to new and unprecedented levels. However, for all the talk about driverless cars and cryptocurrencies, there are many businesses that do not take full advantage of proven technology which has been available for many years. ESIGN FACTS Electronic signatures can prove the origin of any communication....Read More
