FRS 12: Provisions, contingent assets and contingent liabilities
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This standard and all other old UK GAAP FRSs have been withdrawn for reporting periods starting on or after 1 January 2015.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.
How can I get a copy of this standard?
There is no free consolidated version of FRS 12 available online.
However, we can provide copies of the consolidated standard, which includes amendments, through the Library's premium databases by email. Contact us by phone on +44 (0)20 7920 8620 or by email at firstname.lastname@example.org for more information.
Unconsolidated standard and amendments as first issued
Provisions, Contingent Liabilities and Contingent Assets
Summary published by the Financial Reporting Council.
ICAEW guidance and support
Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.
Articles are available to logged-in ICAEW members, ACA students and other entitled users.
Articles and books in the Library collection
- View a list of articles and books in our collection on FRS 12 and provisions and contingency accounting
Can't find what you are looking for?
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.