More NewsUK’s ACT Offers Cautious Support For FRED 31

UK's ACT Offers Cautious Support For FRED 31

The Association of Corporate Treasurers (ACT) has expressed its support for the principles of Financial Accounting Exposure Draft 31, which governs share-based payments for all kinds of goods and services including employee remuneration. In its comments to the Accounting Standards Board (ASB), the ACT recommended that the approach be extended to bonds convertible into shares. However, the ACT expressed some concern at the potential complexity, particularly for non-listed companies, of calculations to make the required estimates of the valuation of share-based payments. It suggests that consideration be given to transition arrangements, introducing the change first for listed companies in order to give other companies and the wider public more time to become familiar with the proposals.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

4w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

6m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

6m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha