Accountancy & Financial Reporting 2025

Keeping up with developments in financial reporting can be overwhelming, but staying informed has never been easier. The Memo is your go-to resource for navigating the latest UK GAAP and Financial Reporting Standards.  

Inside, you'll find expert, jargon-free insights covering fundamental accounting principles, profit and loss essentials, revenue recognition principles, financial instruments, group accounts, model financial statements, and disclosure checklists. Designed principally to simplify complex financial reporting for small and medium-sized entities, this guide empowers professionals to fulfil increasing compliance obligations with confidence. 

Beyond essential guidance, this edition offers comprehensive updates on key industry shifts, including revised UK GAAP standards (FRS 101, 102, 105 & FREDs), the transformation of the Financial Reporting Council into the Audit, Reporting and Governance Authority, company-size thresholds and crucial insights into solvency and liquidity risks. Plus, explore the latest trends in sustainability reporting, the digital finance function, and the role of AI in financial reporting and auditing. 

Stay ahead with email updates on emerging developments and quick-access links for effortless navigation through revised Memo paragraphs.