Accounting

Keep up to date with the latest news on the International Financial Reporting Standard, pensions, component accounting and the SORP.

Pensions guidance on defined benefit accounting

The four housing Federations have issued guidance to enable housing associations to defined benefit account the Social Housing Pension Scheme and the Scottish Housing Association Pension Scheme for the first time.

Early repayment clauses in loan facility agreements

The Financial Reporting Council has provided temporary clarification on the accounting treatment for the early repayment of fixed rate debt with two-way break clauses – read more about this.

Housing SORP

The Housing SORP: 2018 update is a revision of the 2014 version and was published in October 2018. The SORP was updated following amendments to financial reporting standards.

Find out more about the SORP and the SORP-making process