IFRS 18 in 2027: a preparation guide for IFRS reporting teams
IFRS 18 applies to annual periods beginning on or after 1 January 2027. Confirm your first period, plan the restated comparatives and map your public performance measures now.
Better records.
Clearer decisions.
Keep the books in order, plan for cash needs and understand reporting changes. Practical guides with worked examples and links to the evidence.
Accounting and finance blog
150 articles
Month-end close checklist: owners, evidence and sign-off
A month-end close checklist built around one test: can someone who did not prepare the accounts trace each balance and see every open item?
Offshore bookkeeping handoff for UK and US accounting firms
Agree the output, reviewer, systems and legal basis for access before an offshore team opens a client file, then test one closed month.
Profit versus cash flow: why the bank balance tells a different story
A worked example shows how 6,000 of profit can sit beside a 1,000 operating cash outflow, and how a loan can hide that in the bank balance.
UK Making Tax Digital for Income Tax: which year sets your start date?
HMRC sets your start date from gross self-employment and property income in an earlier tax year. Here are the thresholds, the November 2026 deadline and the records to prepare.
When input costs rise: how to split a cost variance into price and quantity
Purchasing costs above budget? Split the overrun into a price effect and a quantity effect, then check supplier rates, activity and stock before changing the forecast.