The accounting standard FRS 12 set out the criteria for recognising provisions. Provisions and contingencies are covered by Section 21 of FRS 102 under new UK GAAP.
Expert help for your enquiries and research.
T +44 (0)20 7920 8620
F +44 (0)20 7920 8621
Financial Reporting Standard 12: Provisions, Contingent Liabilities and Contingent Assets
This is the full text of the original standard as issued by the Accounting Standards Board in September 1998. It does not include the amendments made by FRS 17, FRS 21 and FRS 26.
A consolidated version of the standard which includes these amendments is available from the Library. Please contact us by phone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at firstname.lastname@example.org for more information.
Provisions, Contingent Liabilities and Contingent Assets
Summary published by the Financial Reporting Council.
Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.
Articles are available to logged-in ICAEW members, ACA students and other entitled users.
To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.
If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at email@example.com.