Find links to the accounting standard, technical summaries, useful guides and other resources on FRS 12 collated by ICAEW Library & Information Service.
The accounting standard FRS 12 set out the criteria for recognising provisions. It was issued by the Accounting Standards Board September 1998.
This standard and all other old UK GAAP FRSs have been withdrawn for reporting periods starting on or after 1 January 2015. Topics within provisions and contingencies are covered by Section 21 of FRS 102 under new UK GAAP.
There is no free consolidated version of FRS 12 available online.
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Provisions, Contingent Liabilities and Contingent Assets
Summary published by the Financial Reporting Council.
Financial Reporting Faculty
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