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UK GAAP factsheets

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.

 

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2016 UK GAAP Accounts

This factsheet highlights the new and modified UK GAAP requirements that are mandatory for accounting periods beginning in 2016. Updated August 2017.

2015 UK GAAP Accounts

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This factsheet highlights the new and modified UK GAAP requirements that are mandatory for accounting periods beginning in 2015. These requirements will also apply to those entities adopting the new financial reporting regime early. Date published: 3 June 2015 (last updated September 2015).

UK Company Accounts FAQs

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This factsheet provides an overview of some questions frequently asked of technical support services and problem areas regularly identified by regulators. The primary focus is on unlisted companies preparing accounts under current UK GAAP or the FRSSE. It also considers certain implications of the new UK financial reporting regime. Date published: 3 October 2014.

2014 UK GAAP Accounts

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This factsheet highlights some of the important changes in the pipeline for preparers of UK GAAP accounts. Date published: 2 May 2014 (last updated September 2015).

Impairment - Applying FRS 11

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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 (last updated December 2012).

Debt for Equity Swaps

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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.