COVID-19-related rent concession under FRS 102 and FRS 105

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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.

Renegotiating loan contracts under FRS 102

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This guide outlines the accounting requirements under FRS 102 when loan contract terms are renegotiated together with illustrative examples.

Coronavirus government support schemes under FRS 102

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Technical helpsheet issued to help ICAEW and Financial Reporting Faculty members account for COVID-19 support schemes.

Accounting and tax consequences of COVID-19 related support

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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.

2020/21 reporting season

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Considering the impact of COVID-19, Brexit and other pervasive issues on financial statements in the current reporting season.

Coronavirus: Going concern considerations – a guide for FRS 105 preparers

Factors for preparers of micro-entity accounts to consider when doing a going concern assessment and the practical implications for financial reporting.

COVID-19 implications for charity accounting

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.

Redundancies under FRS 102

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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.

FRS 102 - Impairment of assets

This factsheet is a summary of the basic principles of accounting for impairment with practical guidance to will help with implementation.

Coronavirus: Going concern considerations – a guide for FRS 102 preparers

Factors to consider when doing a going concern assessment and the practical implications for financial reporting.

COVID-19 and FRS 102 accounts - how to improve disclosures

This guide identifies some key areas to consider when preparing disclosures within the annual report and accounts.

How to distinguish adjusting from non adjusting post balance sheet events under UK GAAP

Factors to consider to help determine whether events are adjusting or non-adjusting in the accounts.

Coronavirus: How to distinguish adjusting from non-adjusting events after the reporting period under IAS 10

Factors to consider to help determine whether events are adjusting or non-adjusting in the accounts.

Checklist: implications of COVID-19 for the preparation of accounts under FRS 102

Factors to consider when preparing financial statements – updated for 2020 and early 2021 year ends.

Planning for the 2020/21 reporting season - Practical help for preparers

In this guide the Financial Reporting Faculty looks at what is different about the current reporting season and where to focus your efforts.

Checklist: implications of COVID-19 for the preparation of micro-entity accounts (FRS 105)

Factors to consider when preparing micro-entity accounts – updated for 2020 and early 2021 year ends.

Bitesize Briefing: Implications of COVID-19 for micro-entities in 2020/21 reporting

Key considerations for micro-entities preparing 2020/21 accounts in light of the pandemic.

Bitesize Briefing: Going concern and impairment - your questions answered

Answering more questions from the related webinar on going concern and impairment issues for UK GAAP preparers in 2020/21 reporting.

2020/21 Reporting: Going concern and impairment

Going concern and impairment considerations for those preparing accounts under FRS 102 or FRS 105 with late 2020 or early 2021 year-ends.

Bitesize Briefing: Amendments to UK GAAP for COVID-19-related rent concessions

Hear about the COVID-19-related rent concessions amendments to FRS 102 and FRS 105.

Bitesize Briefing: COVID-19 and impairment of assets

A short webcast, suitable for UK GAAP and IFRS reporters, outlining the accounting requirements for impairment of assets in the context of the pandemic.

Bitesize Briefing: implications of COVID-19 for micro-entities

A 20-minute webcast exploring the financial reporting implications of COVID-19 for micro-entities.

Bitesize Briefing: Accounting for COVID-19 support schemes

Aimed at UK GAAP reporters, this webcast outlines accounting considerations for a range of support schemes being made available to businesses during the pandemic.

Coronavirus (COVID-19): Accounting for and auditing revenue

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.

Bitesize Briefing: COVID-19 and post balance sheet events

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.

Bitesize Briefing: Financial reporting implications of COVID-19

In this short webcast, ICAEW’s Financial Reporting Faculty provides an overview of the financial reporting implications of COVID-19.

UK GAAP update

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This webinar updates you on the latest developments and implementation issues in UK GAAP, including changes to reporting regulations.

COVID-19 issues

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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.

Accounting principles for tax purposes

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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.

Covid-19 issues

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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.

Covid-19 Thematic Review: Review of financial reporting effects of Covid-19

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.