Our factsheets provide an in-depth analysis of changes in financial reporting and give practical tips to help you in your work. The factsheets are linked to the Standards Tracker.
-
(
Financial Reporting faculty premium content:
to see this article in full you need to be a Financial Reporting faculty subscriber.
Join the faculty)
In January 2012 the ASB published its revised proposals for the future of financial reporting in the UK and the Republic of Ireland. This factsheet - which replaces our factsheet on the proposed FRSME – introduces the key provisions of these proposals, considers which entities will be eligible to use them and highlights significant differences as compared to current UK GAAP. Date published: 6 March 2012.
-
(Financial Reporting faculty premium content:
to see this article in full you need to be a Financial Reporting faculty subscriber.
Join the faculty)
This factsheet highlights new and modified requirements for preparers of UK GAAP accounts in 2011. The factsheet deals primarily with new requirements with mandatory application for preparers with periods beginning in 2011. Date published: 11 July 2011.
-
(Financial Reporting faculty premium content:
to see this article in full you need to be a Financial Reporting faculty subscriber.
Join the faculty)
This factsheet explains how to account for ‘debt for equity swaps’ in accordance with IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments. It will also be relevant under UK GAAP for companies applying FRS 26 (IAS 39) Financial Instruments: Recognition and Measurement. Date published: 8 June 2011.
-
(Financial Reporting faculty premium content:
to see this article in full you need to be a Financial Reporting faculty subscriber.
Join the faculty)
This factsheet draws on the questions frequently asked of the technical support services provided by the profession and feedback provided by regulators on common problem areas. The key focus is on unlisted companies preparing accounts under UK GAAP or the FRSSE. Date published: 4 March 2011.
-
This factsheet sets out the background behind the new UK requirement for medium-sized groups to prepare group accounts and acts as a guide to some of the key accounting considerations. It presumes that medium-sized groups will apply UK GAAP. Date published: 5 November 2009.
-
This factsheet highlights new and modified requirements for preparers of UK GAAP accounts in 2010, and deals primarily with new requirements with mandatory application for preparers with periods beginning in 2010. Date published: 29 July 2010
-
(Financial Reporting faculty premium content:
to see this article in full you need to be a Financial Reporting faculty subscriber.
Join the faculty)
This factsheet highlights new and modified requirements for preparers of UK GAAP accounts in 2009. The factsheet deals primarily with new requirements with mandatory application dates in 2009. Date published: 6 May 2009.
-
(Financial Reporting faculty premium content:
to see this article in full you need to be a Financial Reporting faculty subscriber.
Join the faculty)
This factsheet is a summary of the basic principles of accounting for impairment under FRS 11, with some practical help that reflects current economic circumstances. Date published: 5 December 2008.