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12-05-2022
This guide outlines the factors to consider when determining whether post balance sheet events are adjusting or non-adjusting in the accounts.
11-01-2022
In this guide the Financial Reporting Faculty looks at what is different about the current reporting season and where to focus your efforts.
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20-05-2020
Technical helpsheet issued to help ICAEW and Financial Reporting Faculty members account for COVID-19 support schemes.
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01-06-2020
Technical helpsheet issued to help ICAEW members and Financial Reporting Faculty members, understand the accounting considerations and requirements for redundancy payments under FRS 102.
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11-12-2020
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.
01-02-2021
Factors to consider when preparing micro-entity accounts – updated for 2020 and early 2021 year ends.
01-02-2021
Factors to consider when preparing financial statements – updated for 2020 and early 2021 year ends.
21-09-2020
Factors for preparers of micro-entity accounts to consider when doing a going concern assessment and the practical implications for financial reporting.
12-12-2019
Financial Reporting Faculty outlines some of the key requirements of IFRS 16 Leases for lessees and lessors. Key differences when reporting leases under FRS 102 are also described.
07-03-2018
This factsheet is a summary of the basic principles of accounting for impairment with practical guidance to will help with implementation.
22-05-2020
Factors to consider when doing a going concern assessment and the practical implications for financial reporting.
09-09-2020
This guide identifies some key areas to consider when preparing disclosures within the annual report and accounts.
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22-10-2021
This webinar covers the latest developments in UK GAAP, focusing on topics relevant to the preparation of accounts for periods beginning on or after 1 January 2021.
12-03-2021
Key considerations for micro-entities preparing 2020/21 accounts in light of the pandemic.
22-02-2021
Answering more questions from the related webinar on going concern and impairment issues for UK GAAP preparers in 2020/21 reporting.
28-01-2021
Going concern and impairment considerations for those preparing accounts under FRS 102 or FRS 105 with late 2020 or early 2021 year-ends.
26-01-2021
Hear about the COVID-19-related rent concessions amendments to FRS 102 and FRS 105.
05-06-2020
A short webcast, suitable for UK GAAP and IFRS reporters, outlining the accounting requirements for impairment of assets in the context of the pandemic.
04-05-2020
A 20-minute webcast exploring the financial reporting implications of COVID-19 for micro-entities.
21-04-2020
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.
16-04-2020
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.
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Steve Collings
Financial Reporting for Unlisted Companies in the UK and Republic of Ireland
2021
Chapter focusing on COVID-19 specific issues in relation to financial statements under FRS 102. The pandemic has had an impact on financial reporting due to the various types of Government assistance provided to businesses.
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Julia Penny
Accounting Principles for Tax Purposes
2021
An accessible introduction to the accounting rules relevant to tax computations in the UK. Written for tax practitioners who wish to gain a better understanding of accounting rules, this edition has been updated to reflect recent developments and amendments to the new UK GAAP framework, including amendments related to COVID-19 rent concessions. The tax commentary has also been brought up to date with the Finance Act 2020.
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Steve Collings
UK Financial Statements - Presentation and Disclosure Requirements
March 2021
A chapter focusing on Covid-19-specific issues in relation to financial statements under new UK GAAP, 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.
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.