Accounting & Business
Accountancy news - April 2011: Accounting & Business
AB – news – April 2011
UK News
FRC consults on getting more women into boardroom [lead, with photo and fast facts]
Listed companies should adopt policies on boardroom diversity, with the objective of increasing the proportion of women directors, suggests Lord Davies’ report, ‘Women on Boards’. The move would involve a change to the [...]
Accountancy news - February 2011: Accounting & Business
UK news
TUI turmoil continues
KPMG has stood down as auditors to TUI Travel. The decision follows months of turmoil at TUI, relating to its restatement of its results for the year ending September 2009 because of a failure to properly reconcile transactions on different IT systems. TUI’s directors are recommending to its AGM on [...]
Accountancy news - March 2011: Accounting & Business
AB – news - March 2011
UK news
ACCA calls for iXBRL deferral [lead with photo]
ACCA is lobbying for a delay in the introduction in the use of the iXBRL software format for the filing of accounts for all UK companies. ACCA and five other accountancy bodies - the Association of Accounting Technicians, the Association of Taxation [...]
Accountancy news - January 2011: Accounting & Business
AB – Jan 2011
UK News
Accountants scoop £1.3bn bonus
Accountants working in the UK were awarded £1.3bn in bonuses at Christmas, according to research from recruitment consultancy Ambition. This equates to 10.8% of basic salary – up from the average bonus payment of 8.7% of salary. Some 60% of businesses employing accountants responded that they were [...]
Accountancy news - November 2010: Accounting & Business
Accounting & Business – November 2010
UK News
Ending off-balance sheet leasing ‘will hit charities’
Charities have joined the property sector in attacking proposals from the IASB to reform lease accounting, saying these will impose disproportionate costs and divert resources from charitable objectives. Bob Humphreys, finance director at Oxfam, said: “Oxfam has a portfolio of [...]
Accounting news - October 2010: Accounting & Business
Accounting & Business – October news
UK News
Fiscal deficit starts recovery
UK tax receipts rose unexpectedly in the beginning of the new financial year, boosted by a big increase in corporation tax payments – which were £8.5bn in July this year, compared to £6bn in the same month of 2009. Receipts from income [...]
Questions of Cash: The Independent
Q. In December 2008 I took out a finance agreement with Barclays Finance for two UPVC windows I ordered from Zenith Staybrite. I could afford to pay in cash, but the salesman said that credit was cheaper - the finance company gave Zenith an ‘incentive’ payment, called the ‘Lifestyle subsidy’, for £204, which Zenith passed [...]
All change for the regions: Accounting & Business
For all its determination to address regional imbalances of wealth, the last Labour government found the challenge much more difficult than it expected. Rather than spreading affluence, ministers found that the expanding service economy sucked in wealth, and people, to the capital.
Now with a change of government comes abolition of Labour’s main instrument of regional [...]
Governance in the NHS: Accounting & Business
The right governance structures are essential to achieve high performance outcomes and to prevent money being mis-spent. That has been demonstrated repeatedly by infamous corporate failures in the private sector – but the same principles apply equally in the public sector.
Nowhere is this more true than in the NHS, which for the last two decades [...]
Profile: Paul Assinder: Accounting & Business
The View From: Paul Assinder, President of the Healthcare Financial Management Association and Director of Finance and Information at the Dudley Group of Hospitals NHS Foundation Trust
What is HFMA’s main challenge?
HFMA is the main professional body representing finance staff in the healthcare sector. Membership has traditionally been limited to accountants working in the NHS. While [...]
