Financial Reporting Faculty

IAS 11 Construction Contracts

Wed, 16 May 2012 11:48:38 +0100

IAS 10 Events after the Reporting Period

Wed, 16 May 2012 11:44:34 +0100

IAS 10 Events after the Reporting Period prescribes when an entity should adjust its financial statements for events after the reporting period and the disclosures that an entity should give about the date when the financial statements were authorised and about events after the reporting period.

IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors

Wed, 16 May 2012 11:56:07 +0100

Accounting Policies, Changes in Accounting Estimates and Errors prescribes the criteria for selecting and changing accounting policies, together with the accounting treatment and disclosures of changes in accounting policies, changes in accounting estimates and corrections of errors.

IAS 7 Statement of Cash Flows (previously Cash Flow Statements)

Wed, 16 May 2012 11:53:15 +0100

Statement of Cash Flows requires the provision of information about the historical changes in cash and cash equivalents during the period, classified as operating, investing and financing cash flows.

IAS 2 Inventories

Tue, 15 May 2012 15:18:21 +0100

Inventories prescribes the accounting treatment for inventories; it provides guidance on the determination of cost and its subsequent recognition as an expense, including any write-down to net realisable value.

IAS 1 Presentation of Financial Statements

Tue, 15 May 2012 14:20:15 +0100

Presentation of Financial Statements sets out the overall requirements for the presentation of financial statements, guidelines for their structure, and minimum requirements for their content.

IFRS for SMEs

Tue, 15 May 2012 16:35:19 +0100

IFRS 13 Fair Value Measurement

Tue, 15 May 2012 16:34:05 +0100

IFRS 13 Fair Value Measurement defines fair value, sets out in a single IFRS a framework for measuring fair value, and requires disclosures about fair value measurements.

IFRS 12 Disclosure of Interests in Other Entities

Tue, 15 May 2012 16:16:14 +0100

IFRS 12 Disclosure of Interests in Other Entities sets out the disclosure requirements for entities that have an interest in a subsidiary, a joint arrangement, an associate or an unconsolidated structured entity.

IFRS 11 Joint Arrangements

Tue, 15 May 2012 15:23:05 +0100

IFRS 11 Joint Arrangements establishes principles for financial reporting by parties to a joint arrangement.

IFRS 10 Consolidated Financial Statements

Mon, 14 May 2012 16:09:57 +0100

IFRS 10 Consolidated Financial Statements establishes principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.

IFRS 9 Financial Instruments

Mon, 14 May 2012 17:30:20 +0100

IFRS 9 Financial Instruments sets out the requirements for recognising and measuring financial assets, financial liabilities, and some contracts to buy or sell non-financial items.

IFRS 8 Operating Segments

Mon, 14 May 2012 11:50:52 +0100

IFRS 8 Operating Segments sets out requirements for disclosure of information about an entity’s operating segments and also about an entity’s products and services, the geographical areas in which it operates, and its major customers.

IFRS 7 Financial Instruments: Disclosures | IFRS standards tracker

Mon, 14 May 2012 11:50:18 +0100

IFRS 7 Financial Instruments: Disclosures requires disclosures about the significance of financial instruments on financial performance and position, and the nature and extent of risks arising.

IFRS 6 Exploration For and Evaluation of Mineral Rights | IFRS standards tracker

Mon, 14 May 2012 11:43:54 +0100

IFRS 6 Exploration for and Evaluation of Mineral Resources provides guidance on accounting for exploration and evaluation expenditures, including the recognition of exploration and evaluation assets.

IFRS 4 Insurance Contracts

Fri, 11 May 2012 11:54:50 +0100

IFRS 4 Insurance Contracts provides guidance on the accounting treatment of all insurance contracts except for specific contracts covered by other standards.

IFRS 1 First-time Adoption of IFRS

Thu, 10 May 2012 12:23:34 +0100

IFRS 1 First-time Adoption of International Financial Reporting Standards provides guidance for entities adopting IFRS for the first time.

Financial Reporting Faculty App for iPhones and iPads

Tue, 03 Apr 2012 16:56:08 +0100

Download the ICAEW’s new Financial Reporting Faculty iPhone app and browse a selection of financial reporting news and information. Plus you’ll get an exclusive sample of the faculty’s specialist resources – all at your fingertips.

Discussion Paper - The Financial Reporting of Pensions (closed)

Mon, 02 Apr 2012 14:21:55 +0100

FRS 15 Tangible Fixed Assets

Mon, 02 Apr 2012 09:08:52 +0100

FRS 12 Provisions, Contingent Liabilities and Contingent Assets

Mon, 02 Apr 2012 09:08:35 +0100

FRS 10 Goodwill and Intangible Assets

Mon, 02 Apr 2012 09:08:00 +0100

FRS 9 Associates and Joint Ventures

Mon, 02 Apr 2012 09:07:41 +0100

FRS 8 Related Party Disclosures

Mon, 02 Apr 2012 09:07:23 +0100

FRS 6 Acquisitions and Mergers

Mon, 02 Apr 2012 09:05:43 +0100

FRS 5 Reporting the Substance of Transactions

Mon, 02 Apr 2012 09:05:26 +0100

FRS 4 Capital Instruments

Mon, 02 Apr 2012 09:03:56 +0100

FRF / IFRSs programme package

Fri, 30 Mar 2012 16:11:21 +0100

Full membership of our Financial Reporting Faculty until the end of 2011 and access to our globally-recognised IFRSs learning and assessment programme. All at an attractive discounted rate!

UITF Abstract 43 Interpretation of Equivalence S228A CA 1985

Fri, 23 Mar 2012 16:24:50 Z

Issued October 2006. Effective October 2006.

UITF Abstract 44 (IFRIC 11) FRS 20 - Group and Treasury Share Transactions

Fri, 23 Mar 2012 16:24:51 Z

Issued February 2007. Effective accounting periods beginning on or after 1 March 2007. This Abstract is withdrawn for accounting periods beginning on or after 1 January 2010, as its contents have been incorporated into the amended FRS 20.

UITF Abstract 45 Liabilities Arising from Participating in a Specific Market

Fri, 23 Mar 2012 16:24:51 Z

Issued February 2007. Effective accounting periods ending on or after 22 June 2007.

UITF Abstract 46 Hedges of a Net Investment In a Foreign Operation

Fri, 23 Mar 2012 16:24:51 Z

Issued October 2008. Effective accounting periods beginning on or after 1 October 2008.

UITF Abstract 47 Extinguishing Financial Liabilities with Equity Instruments

Fri, 23 Mar 2012 16:24:52 Z

Published July 2010 effective for annual periods beginning on or after 1 July 2010. Applicable to those entities which apply FRS 26.

UITF Abstract 41 (IFRIC 8) Scope of FRS 20

Fri, 23 Mar 2012 16:24:49 Z

Issued April 2006. Effective accounting periods beginning on or after 1 May 2006.
This Abstract is withdrawn for accounting periods beginning on or after 1 January 2010, as its contents have been incorporated into the amendment FRS 20.

UITF Abstract 40 Revenue Recognition and Service Contracts

Fri, 23 Mar 2012 16:24:49 Z

Issued March 2005. Effective accounting periods ending on or after 22 June 2005.

UITF Abstract 39 (IFRIC 2) Members’ Shares in Co-operative Entities

Fri, 23 Mar 2012 16:24:44 Z

Amendments which have effective dates on or after 1 January 2008:

UITF Abstract 38 Accounting for ESOP Trusts

Fri, 23 Mar 2012 16:24:44 Z

Issued December 2003. Effective accounting periods ending on or after 22 June 2004.

UITF Abstract 36 Contracts for Sales of Capacity

Fri, 23 Mar 2012 16:24:42 Z

Issued March 2003. Effective accounting periods ending on or after 22 June 2003.

UITF Abstract 35 Death-in-service and Incapacity Benefits

Fri, 23 Mar 2012 16:24:41 Z

Issued May 2002. Effective accounting periods ending on or after 22 June 2002.

UITF Abstract 34 Pre-contract Costs

Fri, 23 Mar 2012 16:24:41 Z

Issued May 2002. Effective accounting periods ending on or after 22 June 2002.

UITF Abstract 29 Website Development Costs

Fri, 23 Mar 2012 16:24:40 Z

Issued February 2001, effecting accounting periods ending on or after 23 March 2001

UITF Abstract 28 Operating Lease Incentives

Fri, 23 Mar 2012 16:24:40 Z

Issued February 2001. Effective accounting periods ending on or after 22 September 2001

UITF Abstract 27 Revision to Estimates of UEL of Goodwill and Intangible Assets

Fri, 23 Mar 2012 16:24:39 Z

Issued December 2000. Effective December 2000.

UITF Abstract 26 Barter Transactions for Advertising

Fri, 23 Mar 2012 16:24:39 Z

Issued November 2000. Effective accounting periods ending on or after 23 December 2000.

UITF Abstract 25 National Insurance Contributions on Share Option Gains

Fri, 23 Mar 2012 16:00:42 Z

Issued July 2000. Effective accounting periods ending on or after 22 September 2000.

UITF Abstract 24 Accounting for Start-up Costs

Fri, 23 Mar 2012 16:00:15 Z

Issued June 2000. Effective accounting periods ending on or after 23 July 2000.

UITF Abstract 23 Application of the transitional rules in FRS 15

Fri, 23 Mar 2012 15:59:49 Z

Issued May 2000 effective accounting periods ending on or after 23 March 2000.

UITF Abstract 22 The Acquisition of a Lloyd's Business

Fri, 23 Mar 2012 15:59:03 Z

Issued June 1998. Effective accounting periods ending on or after 23 December 1998.
Amended by editor’s notes for references to Companies Act 2006 from 6 April 2008.

UITF Abstract 21 Accounting Issues Arising from the Proposed Intro of the Euro

Fri, 23 Mar 2012 15:58:40 Z

Issued March 1998. Effective March 1998.
Amended on issue of FRS 23 December 2004.

UITF Abstract 19 Tax on Gains and Losses on Foreign Currency Borrowings

Fri, 23 Mar 2012 15:58:19 Z

Issued February 1998. Effective accounting periods ending on or after 23 March 1998.
Amended on issue of FRS 23 December 2004