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FRS 18: Accounting policies

The accounting standard FRS 18 set out requirements for the selection, application and disclosure of accounting policies. Accounting policies, estimates and errors are covered by Section 10 of FRS 102 under new UK GAAP.

New UK GAAP

This standard and all other old UK GAAP FRSs have been withdrawn for reporting periods starting on or after 1 January 2015.

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Full-text standard

Financial Reporting Standard 18: Accounting Policies
This is the full text of the original standard as issued by the Accounting Standards Board in December 2000. It does not include the amendments made by FRS 21.

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 library@icaew.com for more information.

Summaries

Accounting Policies
Summary published by the Financial Reporting Council.

ICAEW guidance and support

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.

Guides and publications

Going Concern and Liquidity Risk: Guidance for Directors of UK Companies 2009
Guidance from the Financial Reporting Council published in October 2009.

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

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.

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