ICAEW insights, technical guidance and other practical resources on the implications of the coronavirus COVID-19 pandemic for preparers of UK GAAP financial statements.
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In this guide we outline the accounting and tax implications of the main types of support packages offered by government to companies during the pandemic.
Factors to consider when preparing micro-entity accounts – updated for 2020 and early 2021 year ends.
Factors to consider when preparing financial statements – updated for 2020 and early 2021 year ends.
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Considering the impact of COVID-19, Brexit and other pervasive issues on financial statements in the current reporting season.
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Technical helpsheet issued to help ICAEW members preparing financial statements under FRS 102 and FRS 105 to account for operating leases for which covid-19-related rent concessions have been granted.
In this guide the Financial Reporting Faculty looks at what is different about the current reporting season and where to focus your efforts.
Factors for preparers of micro-entity accounts to consider when doing a going concern assessment and the practical implications for financial reporting.
This guide identifies some key areas to consider when preparing disclosures within the annual report and accounts.
This guide highlights a number of key issues arising from COVID-19 that may require consideration in connection with trustees’ annual reports and accounts for charities.
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Technical helpsheet issued to help ICAEW members and Financial Reporting Faculty members, understand the accounting considerations and requirements for redundancy payments under FRS 102.
Factors to consider when doing a going concern assessment and the practical implications for financial reporting.
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Technical helpsheet issued to help ICAEW and Financial Reporting Faculty members account for COVID-19 support schemes.
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Technical helpsheet issued to help ICAEW and Financial Reporting Faculty members account for COVID-19 support schemes.
Factors to consider to help determine whether events are adjusting or non-adjusting in the accounts.
This factsheet is a summary of the basic principles of accounting for impairment with practical guidance to will help with implementation.
Key considerations for micro-entities preparing 2020/21 accounts in light of the pandemic.
Answering more questions from the related webinar on going concern and impairment issues for UK GAAP preparers in 2020/21 reporting.
Going concern and impairment considerations for those preparing accounts under FRS 102 or FRS 105 with late 2020 or early 2021 year-ends.
Hear about the COVID-19-related rent concessions amendments to FRS 102 and FRS 105.
A short webcast, suitable for UK GAAP and IFRS reporters, outlining the accounting requirements for impairment of assets in the context of the pandemic.
A 20-minute webcast exploring the financial reporting implications of COVID-19 for micro-entities.
Aimed at UK GAAP reporters, this webcast outlines accounting considerations for a range of support schemes being made available to businesses during the pandemic.
ICAEW’s Audit and Assurance Faculty shares a recording of its recent webcast looking at the challenges in accounting for and auditing revenue as a result of the COVID-19 pandemic.
Aimed at both UK GAAP and IFRS reporters, a short webcast on the factors to consider when determining whether COVID-19 is an adjusting or non-adjusting event.
In this short webcast, ICAEW’s Financial Reporting Faculty provides an overview of the financial reporting implications of COVID-19.
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This webinar updates you on the latest developments and implementation issues in UK GAAP, including changes to reporting regulations.
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A chapter focusing on Covid-19-specific issues in relation to financial statements under new UK GAAP (and EU-endorsed IFRS), to help readers understand what reporting entities may need to deal with when preparing their annual reports. The chapter covers events after the end of the reporting period, impairment of assets, going concern, government assistance, judgements and estimation uncertainties.
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Review by the FRC of interim and annual reports and accounts identifying areas where disclosures affected by coronavirus can be improved, along with examples of better disclosures. The report examines going concern and viability statements; cash, liquidity and covenant compliance; dividends and capital management; the strategic report; alternative performance measures; presentation of primary statements; expected credit loss provisioning; significant judgements and estimates; fair value measurements; impairment; defined benefit pension schemes; provisions and onerous contracts; adjusting and non-adjusting post balance sheet events.