ACCA

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eXtensible Business Reporting Language (XBRL) is a tool designed for the digital communication and presentation of financial and business data. It has been developed to allow users throughout the world to easily access timely accurate and relevant financial information from both world-wide and local organisations. However, although internal use and basic forms of digital reporting… » read more

Posted by cecilebonino

The European parliament will vote on the 25 March on the report to amend EU Commission’s proposal to amend Directive 78/660/EC on the annual accounts of certain types of company. However , if efforts to reduce or eliminate burdens – where their identifiable net benefits are exceeded by the costs of compliance – are supported,… » read more

Posted by cecilebonino

The current crisis in the financial market has highlighted the need to ensure greater transparency in the market as well as greater protection (equally across Europe) and involvement of consumers, who are usually the end users, especially since consumer expenditure generates a significant part of the EU’s wealth. Due to the sophisticated and complex nature… » read more

Posted by cecilebonino

The credit crunch was more a failing of governance and ethics than of regulation per se. Whatever the exact future shape of financial sector regulation, the structure needs to be designed not solely with a view to rectifying the problems of the past but with a view to pre-empting the so far unknown problems of… » read more

Posted by cecilebonino

From 1 January 2010, Spain will take over the rotating presidency of the European Council for six months and be the first of a new ‘trio’ – comprising also Belgium and Hungary- to fully operate under the auspices of the Lisbon Treaty. It will face three main challenges: improving the single market with a special… » read more

Posted by cecilebonino

It is crucial that a disappointing outcome from Copenhagen should not detract us from the following facts of life. On the contrary, the combination of energy dependency, climate change, and the real possibility that oil production is nearing its peak drives us towards a new and pluralistic future where energy needs will be met by… » read more

Posted by cecilebonino

Climate change is top of the news agenda as we head towards the UN Climate Change conference in Copenhagen in December. Preparatory meetings are being held – the most recent in Singapore, where it was reported on the BBC News website that world leaders said it will not be possible to reach a climate change… » read more

Posted by cecilebonino

Access to finance for SMEs during the economic recovery is a very relevant issue as we start to move tentatively out of the recession. The prediction of reduced credit will affect the availability of finance for SMEs. This is a critical issue for the recovery of European economies. The issue about access to finance was… » read more

Posted by cecilebonino

While welcoming the Commission’s “European Economic Recovery Plan” to restore consumer and business confidence – in which the Commission pledges to reduce the burden on small and medium sized enterprises (SMEs) – and supporting initiatives to simplify company law, it appears that the current Commission Proposal to exempt micro-entities from annual accounts requirements precisely fails… » read more

Posted by cecilebonino

Equity, not debt, holds the key to financing the future of the EU’s small business sector. The economic recovery could prove to be business angel’s shining moment. Professor Robin Jarvis, Head of SME Affairs at ACCA (the Association of Chartered Certified Accountants) and member of ACCA’s Small and Medium Sized Enterprises (SME) Committee, in the… » read more

Posted by cecilebonino